Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - NEAH POWER SYSTEMS, INC. | neah8k922011.htm |
| EX-10 - EXHIBIT 10.2 - NEAH POWER SYSTEMS, INC. | exhibit10z2.htm |
Exhibit 10.1
Neah Power Systems, Inc.
Board Cash Compensation
| Retainer | $ | 10,000 |
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| Board Meetings |
|
|
| Chairman | $ | 15,000 |
| Member |
| 8,000 |
|
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|
|
| Audit Committee |
|
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| Chairman | $ | 6,000 |
| Member |
| 2,500 |
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|
|
|
| Compensation Committee |
|
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| Chairman | $ | 2,500 |
| Member |
| 1,500 |
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|
|
| Governance Committee |
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| Chairman | $ | 1,500 |
| Member |
| 400 |
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|
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| Governance Committee |
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| Member | $ | 400 |
Cash compensation will accrue from the date the member joined the Board of Directors, but no earlier than June 1, 2009. Compensation will be pro-rated based on attendance at Board and committee meetings.
Cash Compensation is conditional upon the Company receiving cash of at least $1,500,000 either by direct outside investment from sales or licensing revenues.
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