Venaxis, Inc. Non-Employee Director Compensation
EX-10.12 2 ex10x12.htm EXHIBIT 10.12 ex10x12.htm
Exhibit 10.12
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) |
___________________
| (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 2013, the annual grant was stock options to acquire 26,000 shares. |
| (2) | Directors are reimbursed for out-of-pocket expenses. |
