Stereotaxis, Inc. Summary of Non-Employee Directors' Compensation (Effective April 2005)

Summary

This document outlines the compensation plan for non-employee directors of Stereotaxis, Inc., effective April 2005. Directors receive an annual cash retainer, per-meeting fees, and stock option grants. Additional compensation is provided for service on board committees, with higher amounts for chairpersons and designated financial experts. Retainers are paid quarterly in advance, and meeting fees are paid after each meeting. The agreement specifies the amounts and vesting schedules for both cash and equity compensation.

EX-10.15 2 ex10p15.txt EXHIBIT 10.15 STEREOTAXIS, INC. SUMMARY OF NON-EMPLOYEE DIRECTORS' COMPENSATION (EFFECTIVE APRIL, 2005) 1. BOARD OF DIRECTORS (BASE COMPENSATION): Cash Compensation Annual Retainer Directors - $18,000 Chairman - $24,000 Per meeting fee - $1,500 (in-person), $500 (telephonic) Stock Options or Other Equity Instrument Initial Grant - 15,000 to vest over 2 year period Annual Grant - 7,500 for Directors, 15,000 for Chairman 2. COMMITTEES OF THE BOARD (ADDITIONAL COMPENSATION): Audit Committee - --------------- Annual Retainer Committee Members - $2,500 Chairman and/or Designated Financial Expert - $7,500 Stock Options or Other Equity Instrument Annual Grant - 5,000 for Chairman and/or Designated Financial Expert Compensation Committee and Nominating/Governance Committee - ---------------------------------------------------------- Annual Retainer Committee Members - $2,500 Chairman - $5,000 Stock Options or Other Equity Instruments Annual Grant - 2,500 for Chairman Annual retainers are paid quarterly in advance. Per-meeting fees are paid after the meeting.