VirnetX Holding Corporation Fiscal 2011 Director Compensation Program
EX-10.20 2 ex10_20.htm EXHIBIT 10.20 ex10_20.htm
Exhibit 10.20
Fiscal Year 2011 Director Compensation
| Compensation Element | Compensation |
| General Board Service – Cash | } Board cash retainer: $40,000 |
| } Meeting fees: none | |
| General Board Service – Equity | } Initial equity grant: 30,000 option shares |
| ● Vest annually over 3 years | |
| } Annual equity grant: 15,000 option shares | |
| ● Vest 100% after 1 year | |
| 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: $2,000 | |
| } Meeting fees: none |
