VirnetX Holding Corporation Fiscal 2012 Director Compensation Program

EX-10.1 2 ex10_1.htm EXHIBIT 10.1 ex10_1.htm
Exhibit 10.1

Fiscal Year 2012 Director Compensation
 
Compensation Element
Compensation
 
General Board Service – Cash
 
}   Board cash retainer: $40,000
 
}   Meeting fees: none
 
General Board Service – Equity
 
}   Annual equity grants: 12,500 option shares and 8,333 restricted stock units
 
   
●   Vest 100% after 1 year
 
●   Vest 100% prior to a change of control
 
 
Committee Chair Service
 
}   Annual cash retainer:
 
   
●   Audit: $16,500
 
●   Compensation: $9,000
 
●   Nom/Gov: $5,000
 
 
}   Meeting fees: none
 
Committee Member Service
 
}   Annual cash retainer:
 
   
●   Audit: $6,000
 
●   Compensation: $5,000
 
●   Nom/Gov: none
 
 
}   Meeting fees: none