Summary of Director Compensation for Board and Committee Participation

Contract Categories: Human Resources › Compensation Agreements
Summary

This document outlines the compensation structure for directors of the company. Directors receive an annual retainer of $20,000, with additional payments for attending board and committee meetings, both in-person and by phone. Specific fees are set for roles such as Lead Director and for participation in Audit, Compensation, and Product Acquisition Committees. The compensation varies depending on the type and duration of meetings attended. This summary ensures directors are informed of their compensation for their service and participation.

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EX-10.1 2 a12806exv10w1.htm EXHIBIT 10.1 exv10w1  

EXHIBIT 10.1
Summary of Director Compensation
         
Annual Retainer:
   $ 20,000  
In-Person Board of Director Meeting:
   $ 2,000  
Additional In-Person Board of Director Meetings held on the day following an In-Person Board Meeting:
   $ 1,000  
Telephonic Board of Director Meetings:
   $ 1,000  
Lead Director — Annual Retainer:
   $ 1  
Audit Committee Meeting — Chair:
   $ 3,000  
Audit Committee Meeting — Member:
   $ 1,000  
Compensation Committee Meeting — Chair:
   $ 1,000  
Compensation Committee Meeting — Member:
   $ 500  
Product Acquisition Committee Meeting — Half Day:
   $ 1,000  
Product Acquisition Committee Meeting — Full Day:
   $ 2,000