Quinton Cardiology Systems, Inc. Non-Employee Director Compensation Summary (2004-2005)
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Summary
This document outlines the compensation structure for non-employee directors of Quinton Cardiology Systems, Inc. for 2004 and 2005. Directors receive cash fees for attending board and committee meetings, with additional fees for committee chairs and telephonic meetings. They are also granted stock options upon appointment and annually, with a special one-time grant in 2004. Starting March 1, 2005, cash compensation increases by 10%.
EX-10.39 7 v06098exv10w39.txt EXHIBIT 10.39 Exhibit 10.39 SUMMARY OF NON-EMPLOYEE DIRECTOR COMPENSATION Quinton Cardiology Systems, Inc. Non-Employee Director Compensation 2004 COMPENSATION: Board Meeting Fee = $1,250 Committee Meeting Fee = $500 Additional Committee Chair = $750 Additional ($1,250 total) Telephonic Meetings = 60% of Regular Meeting Fees Initial Stock Option Grant (Upon appointment) = 10,000 shares Additional Annual Stock Option Grants = 5,000 shares Special One-Time Stock Option Grant in 2004 = 10,000 shares 2005 COMPENSATION: The cash compensation amounts to be received by non-employee directors will increase by 10% effective March 1, 2005. 1 of 1
