Attached files
file | filename |
---|---|
EX-21.1 - EX-21.1 - STREAMLINE HEALTH SOLUTIONS INC. | l42390exv21w1.htm |
EX-32.1 - EX-32.1 - STREAMLINE HEALTH SOLUTIONS INC. | l42390exv32w1.htm |
EX-32.2 - EX-32.2 - STREAMLINE HEALTH SOLUTIONS INC. | l42390exv32w2.htm |
10-K - FORM 10-K - STREAMLINE HEALTH SOLUTIONS INC. | l42390e10vk.htm |
EX-11.1 - EX-11.1 - STREAMLINE HEALTH SOLUTIONS INC. | l42390exv11w1.htm |
EX-31.2 - EX-31.2 - STREAMLINE HEALTH SOLUTIONS INC. | l42390exv31w2.htm |
EX-23.1 - EX-23.1 - STREAMLINE HEALTH SOLUTIONS INC. | l42390exv23w1.htm |
EX-31.1 - EX-31.1 - STREAMLINE HEALTH SOLUTIONS INC. | l42390exv31w1.htm |
Exhibit 10.15
STREAMLINE HEALTH SOLUTIONS, INC.
STREAMLINE HEALTH SOLUTIONS, INC.
DIRECTOR COMPENSATION
The Company currently pays each of the independent Directors fees of: (i) an annual retainer of
$5,000, (ii) $1,500 for each regularly scheduled Board meeting attended in person or $500 for a
telephonic meeting, and (iii) $1,500 per day for each special meeting or committee meeting attended
in person on days when there are no Board meetings or $500 if these meetings are telephonic. In
addition, committee chairmen are paid an annual retainer of $2,500, and the Chairman of the Board
is paid an annual retainer of $35,000. The Chairman of the Board is not compensated for Committee
meeting fees. All annual retainers are paid immediately following the annual shareholders meeting.
Employee directors are not separately compensated as a member of the Board of Directors. See the
Summary Compensation Table for information relating to their compensation as an officer of the
Company. In 2010, all of the annual retainers were paid to the independent Directors in restricted
stock.
In order to attract and retain high quality non-employee independent Directors, the Company
currently has a policy of granting each independent Director 15,000 nonqualified stock options upon
first being appointed or elected to the Board. Incumbent Directors, excluding the Chairman of the
Board, are granted annually $25,000 in restricted stock with a one year vesting period. The
Chairman of the Board is granted annually $40,000 in restricted stock with a one year vesting
period. The options vest ratably over a three year period, and terminate between 30 and 90 days
following termination as a Director. These awards are pursuant to the Companys 2005 Incentive
Compensation Plan at a value or exercise price equal to the closing price on the date the awards
are approved by the Board of Directors. The Company believes that the awarding of stock options
and restricted stock to Directors is a necessary component of their total compensation, including
their Directors fees, and as an incentive to work to increase the Companys operating results and
stock price.