FISCAL2009 NON-EMPLOYEE DIRECTOR COMPENSATION
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EX-10.42 5 ex10-42.htm EXHIBIT 10.42 ex10-42.htm
EXHIBIT 10.42
FISCAL 2009 NON-EMPLOYEE DIRECTOR COMPENSATION
| Compensation Element | Amount |
| General Board service – cash | Annual cash retainer - $60,0001 |
| Meeting fees: $2,000 in-person, $1,000 telephonic | |
| General Board service-Equity | Initial equity grant upon first becoming a Director and annually thereafter: - Option to purchase 10,000 shares of Common Stock - Restricted stock units to purchase 20,000 shares of Common Stock - Both grants vest monthly over 12 months |
| Lead Director | Additional cash retainer: $24,0001 |
| Committee Chair service | Additional cash retainer: 1 - Audit Committee: $10,000 - Compensation Committee: $10,000 - Nominating and Governance Committee: $10,000 |
| Committee member service | Additional cash retainer: 1 - Audit Committee: $10,000 - Compensation Committee: $10,000 - Nominating and Governance Committee: $10,000 |
| Meeting fees: $1,500 |
1 Directors may elect to receive cash retainers in restricted stock with value equal to 133% of the forgone cash compensation and which vests in full on the day immediately prior to the subsequent annual meeting of stockholders.
