Silicon Storage Technology, Inc. Non-Employee Director Cash Retainer Program (Effective April 18, 2005)

Summary

This agreement outlines the cash compensation program for non-employee directors of Silicon Storage Technology, Inc. Effective April 18, 2005, it specifies annual retainers and per-meeting fees for various board and committee roles, including Lead Director, Audit Committee Chair, other Committee Chairs, and general Board Members. Directors receive only one annual retainer, paid quarterly, and meeting fees are prorated if a director does not attend the full meeting. The agreement ensures clear compensation terms for non-employee directors serving on the company's board.

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 Retainer	Per Meeting in Person	Per Telephone Meeting Fee
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

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.