Rackable Systems, Inc. Outside Director Cash Compensation Arrangement
Rackable Systems, Inc. has established a cash compensation arrangement for its non-employee directors. Each non-employee director receives $20,000 per year, paid quarterly, for their board service. Additionally, the Chairpersons of the Audit, Compensation, and Nominating and Corporate Governance Committees receive extra annual payments of $10,000, $5,000, and $5,000 respectively, also paid quarterly. This arrangement outlines the compensation structure for non-employee directors and committee chairpersons of the company.
Exhibit 10.28
RACKABLE SYSTEMS, INC.
OUTSIDE DIRECTOR CASH COMPENSATION ARRANGEMENT
FOR SERVICES AS A NON-EMPLOYEE DIRECTOR
Each non-employee director shall receive for his or her services as a Director of Rackable Investments, Inc. (the “Company”), annual cash compensation of $20,000 per year, payable quarterly.
The Chairperson of the Audit Committee of the Board of Directors of the Company shall receive for his or her services as the Chairperson of the Audit Committee, annual cash compensation of $10,000 per year, payable quarterly.
The Chairperson of the Compensation Committee of the Board of Directors of the Company shall receive for his or her services as the Chairperson of the Compensation Committee, annual cash compensation of $5,000 per year, payable quarterly.
The Chairperson of the Nominating and Corporate Governance Committee of the Board of Directors of the Company shall receive for his or her services as the Chairperson of the Nominating and Corporate Governance Committee, annual cash compensation of $5,000 per year, payable quarterly.
