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
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.