Attached files
file | filename |
---|---|
EX-32 - ARBINET Corp | v177507_ex32.htm |
EX-31.2 - ARBINET Corp | v177507_ex31-2.htm |
EX-21.1 - ARBINET Corp | v177507_ex21-1.htm |
EX-23.2 - ARBINET Corp | v177507_ex23-2.htm |
EX-31.1 - ARBINET Corp | v177507_ex31-1.htm |
EX-23.1 - ARBINET Corp | v177507_ex23-1.htm |
10-K - ARBINET Corp | v177507_10k.htm |
Exhibit
10.66
Arbinet
Corporation
Non-Employee
Director Compensation Plan
Effective
September 1, 2009
(unless
otherwise noted)
1. Annual
Retainer per Board Member: $30,000
2. Annual
Chairman of the Board Additional Retainer: $20,000
3. Member
Meeting Fee (per meeting)
|
·
|
$2,000
per in-person meeting in excess of 6 in-person meetings per year (3
meetings in the second six months of 2009),
and
|
|
·
|
$350
per telephonic meeting in excess of 15 total meetings (in-person and
telephonic) per year (7 meetings in the second six months of
2009)
|
4. Committee
Chairman’s Annual Retainer
|
·
|
Audit
Committee Chair
Retainer: $15,000
|
·
|
Compensation
Committee
Chair
Retainer: $10,000
|
|
·
|
Nominating
& Corporate Governance Committee Chair
Retainer: $5,000
|
5. Committee
Member’s Annual Retainer
|
·
|
Audit
Committee Member
Retainer: $10,000
|
|
·
|
Compensation
Committee Member
Retainer: $5,000
|
|
·
|
Nominating
& Corporate Governance Committee Member
Retainer: $2,500
|
6. No
per-meeting Committee Member Meeting Fee
7. Initial
Director Equity Grant
Upon
initial appointment to the Board, each new director has the choice of
receiving:
|
(i)
|
No
shares of restricted stock and an option to purchase 25,000 shares,
or
|
|
(ii)
|
1,000
shares of restricted stock and an option to purchase 22,000 shares,
or
|
|
(iii)
|
2,000
shares of restricted stock and an option to purchase 19,000 shares,
or
|
|
(iv)
|
3,000
shares of restricted stock and an option to purchase 16,000
shares
|
8. Annual
Director Equity Grant
At each
annual meeting of stockholders beginning with the 2010 annual meeting, each
director shall receive shares of restricted stock equaling $30,000 in value,
which vest in installments over 3 years, with one-third vesting annually on the
anniversary of the grant date.