Tri-S Security Corporation Board of Directors Compensation Summary (March 2005)
Tri-S Security Corporation has established compensation for its Board of Directors, effective March 5, 2005. Each director will receive $10,000 annually for serving on the Board, plus an additional $2,500 per year for each Board committee they serve on. The company will also reimburse directors for travel expenses related to attending Board and committee meetings.
Exhibit 10.3
Tri-S Security Corporation
Summary of Board Compensation
On March 5, 2005, the Board of Directors of (the “Board”) of Tri-S Security Corporation (the “Company”) approved the following compensation arrangements:
• The Company shall pay each director $10,000 per year for service on the Board plus $2,500 per year for each committee of the Board upon which such director serves.
• The Company shall reimburse each director for all travel expenses incurred in connection with travel to and from Board and committee meetings.
