Kana Software, Inc. Description of Director Cash Compensation Arrangements (April 20, 2006)
Kana Software, Inc. outlines its compensation policy for non-employee directors, effective January 1, 2006. Non-employee directors receive an annual fee of $10,000 and $2,500 for each of the four regular board meetings attended. Additional annual fees are paid to committee chairpersons: $15,000 for the Audit Committee and $5,000 each for the Compensation and Governance and Nominating Committees. Directors are also reimbursed for expenses related to board meeting attendance. Employees serving as directors do not receive this compensation.
EXHIBIT 10.01
DESCRIPTION OF DIRECTOR CASH COMPENSATION ARRANGEMENTS
AS ADOPTED ON APRIL 20, 2006
Kana Software, Inc.’s (“KANA”) non-employee directors receive cash compensation and stock options for their services as directors. KANA does not compensate any employee for service as a director.
Cash Compensation. Effective January 1, 2006, each non-employee director is paid an annual fee of $10,000 and $2,500 for each of the four (4) regularly scheduled Board of Directors (“Board”) meetings that such director attends. The chairperson of the Audit Committee receives an additional $15,000 per annum and the chairpersons of the Compensation Committee and the Governance and Nominating Committee receive an additional $5,000 per annum. KANA’s directors are also reimbursed for their direct expenses incurred in attending the Board meetings.
