Attached files
file | filename |
---|---|
10-Q - FORM 10-Q - TOLLGRADE COMMUNICATIONS INC \PA\ | l39656e10vq.htm |
EX-32 - EX-32 - TOLLGRADE COMMUNICATIONS INC \PA\ | l39656exv32.htm |
EX-10.1 - EX-10.1 - TOLLGRADE COMMUNICATIONS INC \PA\ | l39656exv10w1.htm |
EX-31.1 - EX-31.1 - TOLLGRADE COMMUNICATIONS INC \PA\ | l39656exv31w1.htm |
EX-31.2 - EX-31.2 - TOLLGRADE COMMUNICATIONS INC \PA\ | l39656exv31w2.htm |
Exhibit 10.2
Summary of Compensation Program for
Non-Employee Chairman of the Board of Directors
Adopted March 23, 2010
Non-Employee Chairman of the Board of Directors
Adopted March 23, 2010
At a meeting of the Board of Directors of Tollgrade Communications, Inc. (the Company) held
on March 23, 2010, following the appointment of the non-employee Chairman of the Board and at the
recommendation of the Compensation Committee, the Board of Directors adopted a compensation program
for the Chairman of the Board, comprised of the following elements:
| An annual retainer of $200,000, payable in cash; | ||
| A one-time grant of 50,000 shares of restricted stock under Companys 2006 Long-Term Incentive Compensation Plan (the 2006 Plan), subject to a one-year period of restriction; and | ||
| A one-time grant of 250,000 stock appreciation rights having a grant price equal to the fair market value of a share of the Companys common stock on the date of grant, to become vested upon the satisfaction of criteria established by the Board. |