Attached files
| file | filename |
|---|---|
| 10-Q - 10-Q - NETSCOUT SYSTEMS INC | ntct-20141231x10q.htm |
| EX-31.2 - EXHIBIT 31.2 - NETSCOUT SYSTEMS INC | ntct-ex312_20141231.htm |
| EX-99.1 - EXHIBIT 99.1 - NETSCOUT SYSTEMS INC | ntct-ex991_20141231.htm |
| EX-32.2 - EXHIBIT 32.2 - NETSCOUT SYSTEMS INC | ntct-ex322_20141231.htm |
| EX-31.1 - EXHIBIT 31.1 - NETSCOUT SYSTEMS INC | ntct-ex311_20141231.htm |
| EX-32.1 - EXHIBIT 32.1 - NETSCOUT SYSTEMS INC | ntct-ex321_20141231.htm |
| EX-10.9 - EXHIBIT 10.9 - NETSCOUT SYSTEMS INC | ntct-ex109_20141231.htm |
| EXCEL - IDEA: XBRL DOCUMENT - NETSCOUT SYSTEMS INC | Financial_Report.xls |
Exhibit 10.8
NetScout Systems, Inc.
Summary of Non-Employee Director Compensation
Effective as of November 2014, non-employee directors are compensated $36,000 annually for their services and do not receive any additional compensation for any regular Board meeting attended. The lead non-employee director receives an additional annual retainer of $30,000. Non-employee directors currently receive $10,000 annually for serving on the Audit Committee, $8,000 annually for serving on the Compensation Committee, and $6,000 annually for serving on the Nominating Committee. In addition, directors who are chairpersons of a particular committee are also given additional annual compensation of $20,000 for the Audit Committee, and $10,000 for the Compensation Committee, and $8,000 for the Nominating Committee and $6,000 for the Finance Committee. Finance Committee members receive $1,000 for each meeting attended in person and $800 for each meeting attended via telephone. Non-employee directors are also reimbursed for their reasonable out-of-pocket expenses incurred in attending meetings of the Board or of any committee and for attendance at approved director education programs.
Non-employee directors are granted annually equity-based awards in the form of restricted stock units and related cash amounts upon vesting to defray the corresponding tax liability as follows:
Element | Role/Position | |||||||||||
Lead Director | Chairperson | Other Directors | ||||||||||
Total value (RSU Grant and Cash Offset) | $ | 212,000 | $ | 159,000 | $ | 132,500 | ||||||
RSU Grant | $ | 132,000 | $ | 99,000 | $ | 82,500 | ||||||
Cash Offset | $ | 80,000 | $ | 60,000 | $ | 50,000 | ||||||
These restricted stock unit awards vest 100% on the date of our annual meeting provided that during such year, such director attends at least 75%, collectively, of the meetings of the Board and any committee of the Board of which such director is a member. In the event that the foregoing attendance requirements are not met, then 100% of these restricted stock units will vest on the third anniversary of the date of grant. No other equity awards are given to our non-employee directors.