Summary of Director Compensation
Contract Categories:
Human Resources
- Compensation Agreements
EX-10.1 2 dex101.htm SUMMARY OF DIRECTOR COMPENSATION Summary of Director Compensation
Exhibit 10.1
Summary of Director Compensation
| Director Category (applicable to non-employee directors) | Annual Retainer | Compensation per Meeting (in-person only) | Number of Annual Stock Options* | ||||||
| Board Members | $ | 20,000 | $ | 1,000 | Up to 10,000 | (1) | |||
| Audit Committee Members (excluding Chairman) | $ | 2,500 | None | None | |||||
| Audit Committee Chairman | $ | 25,000 | None | None | |||||
| Compensation Committee Members (including Chairman) | $ | 2,000 | None | None | |||||
| Nominating and Corporate Governance Committee Members (including Chairman) | $ | 2,000 | None | None | |||||
| * | Applicable to all non-employee directors. |
| (1) | If such option is the first option a director has received from the Company for his or her services as a Board member (the “Initial Grant”), then the shares subject to such option will vest over four (4) years, with 25% of the shares subject to such option vesting upon the one (1) year anniversary of the date of the grant of such option, and 1/48 of the shares subject to such option vesting monthly thereafter. If such option is not an Initial Grant, then 1/48 of the shares subject to such option would vest monthly over four (4) years. |
