Non-Employee Director Cash Retainer Program
EX-10.15 4 exh10-15.htm NON-EMPLOYEE DIRECTOR CASH RETAINER PROGRAM 4-21-2005 8K Exhibit 10.15
Exhibit 10.15
Silicon Storage Technology, Inc.
Non-Employee Director Cash Retainer Program
Effective April 18, 2005
Position Annual Per Meeting Per Telephone Lead Director $25,000 $1,500 $1,200 Audit Committee Chair $30,000 $1,500 $1,200 Other Committee Chair $25,000 $1,200 $960 Board Member $20,000 $1,000 $800
Retainer
in Person
Meeting Fee
Each non-employee director will only be entitled to one annual retainer fee. The annual retainer fee will be paid on a quarterly basis and the annual period will commence with each Annual Meeting of Shareholders. In addition, the per meeting fees are subject to proration in the event a director does not attend the full meeting.