Type of Compensation
|
Amount
|
Monthly Cash Retainer for Non-Employee Directors
|
$ 1,000
|
Stock Option Awards
|
(1)
|
Other Compensation
|
(2)
|
(1)
|
Non-employee directors typically receive a stock option award upon joining the Board, that is two times the annual grant, and then typically receive annual grants, which may be pro-rated in the first year after joining the Board. In 2014 the annual grant was stock options to acquire 34,000 shares of common stock. The non-executive Chair of the Board typically receives an annual grant that is 150% of the non-employee director annual grant.
|
(2)
|
Directors are reimbursed for out-of-pocket expenses.
|