Attached files
| file | filename |
|---|---|
| EXCEL - IDEA: XBRL DOCUMENT - IPARTY CORP | Financial_Report.xls |
| EX-10.2 - EXHIBIT 10.2 - IPARTY CORP | a6817098ex10-2.htm |
| EX-31.2 - EXHIBIT 31.2 - IPARTY CORP | a6817098ex31-2.htm |
| EX-31.1 - EXHIBIT 31.1 - IPARTY CORP | a6817098ex31-1.htm |
| EX-32.2 - EXHIBIT 32.2 - IPARTY CORP | a6817098ex32-2.htm |
| EX-32.1 - EXHIBIT 32.1 - IPARTY CORP | a6817098ex32-1.htm |
| 10-Q - IPARTY CORP. 10-Q - IPARTY CORP | a6817098.htm |
EXHIBIT 10.1
iParty Corp.
COMPENSATION ARRANGEMENTS WITH INDEPENDENT DIRECTORS FOR SERVICE
COMMENCING AFTER ELECTION AT THE ANNUAL MEETING OF STOCKHOLDERS
June 10, 2011
Equity Compensation
Each independent director (i.e., each of Daniel DeWolf, Frank Haydu, and Joseph Vassalluzzo) shall be granted an option as of June 10, 2011 exercisable for the purchase of 25,000 shares of iParty's common stock in respect of his service as a director. Each such option shall have an exercise price equal to $0.28 per share, the market price of iParty's common stock at the close of business on the grant date (i.e., June 10, 2011) and shall vest quarterly in equal parts over one year, vesting in full on June 10, 2012.
Each of these stock option grants shall be made pursuant to iParty's 2009 Stock Incentive Plan.
Cash Compensation
Each independent director shall be paid $25,750 in cash, payable in equal quarterly installments, for his service as a director for the year beginning on the date of his election at the stockholders meeting on June 10, 2011.
Each independent director shall be paid an annual fee of the following amount in cash, payable in equal quarterly installments, for service on the various committees of the Board of Directors:
|
Joseph Vassalluzzo
|
$ | 25,750 | ||
|
Daniel DeWolf
|
$ | 10,300 | ||
|
Frank Haydu
|
$ | 20,600 |