Tri-S Security Corporation Summary of Board Compensation as of May 10, 2006
Tri-S Security Corporation has set new compensation terms for its Board of Directors as of May 10, 2006. Each director will receive an annual payment of $10,000, plus $1,250 for each Board or committee meeting attended. The company will also reimburse directors for travel expenses related to attending these meetings. These terms outline the financial compensation and reimbursement policy for Board members.
Exhibit 10.6
Tri-S Security Corporation
Summary of Board Compensation
As of May 10, 2006
On May 10, 2006, the Board of Directors of (the “Board”) of Tri-S Security Corporation (the “Company”) amended the compensation arrangement for directors to provide as follows:
• The Company shall pay each director $10,000 per year for service on the Board plus $1,250 for each meeting of the Board and each meeting of a committee of the Board attended by such director.
• The Company shall reimburse each director for all travel expenses incurred in connection with travel to and from Board and committee meetings.
