Venaxis, Inc. Non-Employee Director Compensation
EX-10.8 2 ex10x8.htm EXHIBIT 10.8
Exhibit 10.8
Venaxis, Inc.
Non-Employee Director Compensation
| Type of Compensation | Amount |
| Monthly Cash Retainer for Non-Employee Directors | $ 1,000 |
| Stock Option Awards | (1) |
| Other Compensation | (2) |
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| (1) | Non-employee directors typically receive a stock option award upon joining the Board, that is two times the annual grant, and then typically receive annual grants, which may be pro-rated in the first year after joining the Board. In 2014 the annual grant was stock options to acquire 34,000 shares of common stock. The non-executive Chair of the Board typically receives an annual grant that is 150% of the non-employee director annual grant. |
| (2) | Directors are reimbursed for out-of-pocket expenses. |
