Attached files
| file | filename |
|---|---|
| 10-Q - FORM 10-Q - Mistras Group, Inc. | mistras_1q11.htm |
| EX-32.1 - EXHIBIT 32.1 - Mistras Group, Inc. | ex32_1.htm |
| EX-31.2 - EXHIBIT 31.2 - Mistras Group, Inc. | ex31_2.htm |
| EX-10.1 - EXHIBIT 10.1 - Mistras Group, Inc. | ex10_1.htm |
| EX-31.1 - EXHIBIT 31.1 - Mistras Group, Inc. | ex31_1.htm |
Exhibit 10.2
Mistras Group, Inc.
Compensation Plan for Non-Employee Directors
July 2010
|
Eligible Participants:
|
Members of the Mistras Group Board of Directors who are not employees of the Company
|
|
|
Annual Retainer:
|
$20,000 per year, payable quarterly at the beginning of each fiscal quarter, beginning the first quarter of fiscal 2011
|
|
|
Committee Chair Fees:
|
Each Committee Chairperson shall receive the following annual fees, which shall be paid quarterly with the annual retainer:
|
|
|
Audit Committee: $10,000
|
||
|
Compensation Committee: $7,500
|
||
|
Corporate Governance Committee: $7,500
|
||
|
Annual Equity Award:
|
$20,000 of restricted stock award under the Mistras 2009 Long-Term Incentive Plan (“LTIP”), to be issued in the first fiscal quarter. The number of shares shall be based upon the fair market value of Mistras common stock as of the grant date, in accordance with the LTIP. The shares shall vest 25% per year on each anniversary date of the award. If a director is elected to the Board after the grant, the director will receive a pro rata award based upon number quarters remaining in the fiscal year.
|