Oral Compensation Arrangements for Directors of Titanium Asset Management Corp.

Contract Categories: Human Resources › Compensation Agreements
Summary

This document outlines oral agreements regarding compensation for directors of Titanium Asset Management Corp. Directors not affiliated with the company receive an annual cash retainer of $30,000, paid quarterly. Emmanuel Gill, a director, receives an annual cash retainer of $100,000, also paid quarterly, for his director and consulting services. Mr. Gill's arrangement was approved by the full board, including independent and executive directors.

Read More Arrow
EX-10.17 2 v216008_ex10-17.htm Unassociated Document
EXHIBIT 10.17
 
ORAL AGREEMENTS
 
Compensation
 
1. 
Pursuant to an oral arrangement, directors (other Emmanuel Gill) who are not affiliated with Titanium Asset Management Corp. receive an annual cash retainer of $30,000, which is paid in quarterly installments.
      
2. 
 
Pursuant to an oral arrangement, Mr. Gill receives an annual cash retainer of $100,000, which is paid in quarterly installments, for his services as a director and his consulting services to the Company.  This arrangement was approved by the full board of directors, the independent directors and the executive directors.