Salton, Inc. 2005 Non-Employee Director Compensation Summary

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Summary

This document outlines the compensation structure for non-employee directors of Salton, Inc. for 2005. Non-employee directors receive an annual retainer of $40,000, plus $1,000 for each board or committee meeting attended. The chair of the Audit Committee receives an additional $4,000 per year, while chairs of the Compensation and Nominating and Governance Committees receive $2,000 per year. Fees for telephonic meetings are generally not paid unless specifically approved. All reasonable expenses incurred for attending meetings are reimbursed.

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EX-10.40 3 c98782exv10w40.txt SUMMARY OF NON-EMPLOYEE DIRECTOR COMPENSATION . . . EXHIBIT 10.40 SALTON, INC. BOARD OF DIRECTORS COMPENSATION 2005 Annual Retainer $40,000 per annum Meeting and Committee Fees $1,000 per committee and board meeting Audit Committee Chair Fee $4,000 per annum Compensation Committee and Nominating and $2,000 per annum Governance Committee Chair Fee Telephone Meeting or Attendance Via Fees are generally not paid for special telephonic Telephone Board or Committee meetings except as otherwise specifically approved by the Chairperson of the Board or committee Reimbursement of Expenses All non-employee directors are reimbursed for all expenses incurred in attending meeting of the Board of Directors or any committee thereof