Attached files
Exhibit 10.4
Compensatory Arrangements with Directors
The amount of the annual cash retainer, committee chair cash retainers and restricted stock grants for our non-employee directors for the current year are set forth in the table below. Each non-employee director is also paid $2,000 for each meeting of the Board of Directors or any committee thereof of which he is a member that he attends. Directors who are employees of PTC are not compensated for their service as a director.
| Name |
Chair Position |
Annual Retainer | Committee Chair Retainer |
Annual Equity Grant(1) | ||||||
| Donald Grierson |
Lead Independent Director
Nominating & Corporate Governance Committee |
$ | 75,000 | — | 12,912 shares | |||||
| Robert Schechter |
Audit Committee | $ | 35,000 | $ | 10,000 | 11,813 shares | ||||
| Robert Goldman |
Compensation Committee | $ | 35,000 | $ | 10,000 | 11,813 shares | ||||
| Michael Porter |
Corporate Development Committee | $ | 35,000 | $ | 5,000 | 10,714 shares | ||||
| Paul Lacy |
$ | 35,000 | 10,714 shares | |||||||
| (1) | The restrictions on the shares will lapse on the earlier of the date of the 2011 Annual Meeting of Stockholder and March 15, 2011, provided the person remains a director on that date and pursuant to our 2000 Equity Incentive Plan. |