TRUE RELIGION APPAREL, INC. BOARD OF DIRECTORS COMPENSATION
EX-10.11 3 a2202584zex-10_11.htm EXHIBIT 10.11
Exhibit 10.11
TRUE RELIGION APPAREL, INC.
BOARD OF DIRECTORS COMPENSATION
The following table sets forth the Company’s current compensation arrangements with its non-employee directors.
| Annual Retainer: |
| $12,500 per calendar quarter ($50,000 annually) |
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| Board Meetings: |
| $1,500 for each meeting attended in excess of 10 during any calendar year |
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| Committee Meetings: |
| $1,500 per meeting ($750 if attended by telephone) |
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| Committee Chairs: |
| Audit Committee—Annual Retainer of $15,000 Compensation Committee—Annual Retainer of $15,000 |
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| Restricted Stock Grant: |
| Annual grant of restricted shares with an aggregate market value of $115,000 on the date of grant, to vest in three equal annual installments on the anniversary of the grant date. |
