Attached files
file | filename |
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EXCEL - IDEA: XBRL DOCUMENT - MEDTOX SCIENTIFIC INC | Financial_Report.xls |
10-K - 10-K - MEDTOX SCIENTIFIC INC | file10-k.htm |
EX-23 - EXHIBIT 23 - MEDTOX SCIENTIFIC INC | ex23.htm |
EX-31.1 - EXHIBIT 31.1 - MEDTOX SCIENTIFIC INC | ex31-1.htm |
EX-21.1 - EXHIBIT 21.1 - MEDTOX SCIENTIFIC INC | ex21-1.htm |
EX-32.1 - EXHIBIT 32.1 - MEDTOX SCIENTIFIC INC | ex32-1.htm |
EX-31.2 - EXHIBIT 31.2 - MEDTOX SCIENTIFIC INC | ex31-2.htm |
EX-32.2 - EXHIBIT 32.2 - MEDTOX SCIENTIFIC INC | ex32-2.htm |
Exhibit 10.35
MEDTOX SCIENTIFIC, INC.
OUTSIDE DIRECTOR COMPENSATION
Each non-employee Board member receives annual compensation in an amount determined by the Compensation Committee from time-to-time to be appropriate. Such compensation is currently established as set forth below:
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The annual base compensation to be paid to non-employee Board members is $21,000.
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$4,000 is added to the annual base compensation for service as Chairperson of the Corporate Governance and Nominating Committee.
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$6,000 is added to the annual base compensation for service as Chairperson of the Compensation Committee or as Chairperson of the Audit Committee.
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Non-employee Board members also receive an annual long-term incentive contribution amount under the Company’s Long-Term Incentive Plan of $21,000.
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Non-employee Board members who serve as Chairperson of the Corporate Governance and Nominating Committee receive an additional annual long-term incentive contribution amount under the LTIP of $4,000.
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The non-employee Board members who serve as Chairperson of the Compensation Committee or as Chairperson of the Audit Committee receive an additional annual long-term incentive contribution amount under the LTIP of $6,000.
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In addition to the compensation described above, Board members are entitled to reimbursement for travel-related expenses incurred in attending meetings of the Board and its committees.