Attached files
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10-Q - QUARTERLY REPORT - TENAX THERAPEUTICS, INC. | tenx_10q.htm |
EX-3.1 - AMENDED AND RESTATED BYLAWS - TENAX THERAPEUTICS, INC. | tenx_ex31.htm |
EX-32.1 - CERTIFICATION - TENAX THERAPEUTICS, INC. | tenx_ex321.htm |
EX-31.2 - CERTIFICATION - TENAX THERAPEUTICS, INC. | tenx_ex312.htm |
EX-31.1 - CERTIFICATION - TENAX THERAPEUTICS, INC. | tenx_ex311.htm |
EX-32.2 - CERTIFICATION - TENAX THERAPEUTICS, INC. | tenx_ex322.htm |
Exhibit 10.1
DESCRIPTION OF NON-EMPLOYEE DIRECTOR COMPENSATION
Beginning June 15, 2015, all of our non-employee directors will be paid the following compensation for service on the Board and Board Committees:
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An annual director fee in each fiscal year of $45,000 ($55,000 for our board chairman), which is paid in equal quarterly installments on the first day of each fiscal quarter;
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An annual audit committee member fee in each fiscal year of $7,500 ($15,000 for our audit committee chairman), which is paid in equal quarterly installments on the first day of each fiscal quarter;
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An annual compensation committee member fee in each fiscal year of $5,000 ($10,000 for our compensation committee chairman), which is paid in equal quarterly installments on the first day of each fiscal quarter;
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An annual nominating and corporate governance committee member fee in each fiscal year of $3,500 ($7,000 for our nominating and corporate governance committee chairman), which is paid in equal quarterly installments on the first day of each fiscal quarter;
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An annual grant of 10,000 stock options (25,000 stock options in the initial year), which vest one-year after the grant date and are exercisable for a period of ten years, issued on the first day of each fiscal year; and
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Reimbursement of travel and related expenses for attending Board and Committee meetings, as incurred.
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