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10-Q - FORM 10-Q - YuMe Incyume20170505_10q.htm
EX-32.2 - EXHIBIT 32.2 - YuMe Incex32-2.htm
EX-32.1 - EXHIBIT 32.1 - YuMe Incex32-1.htm
EX-31.2 - EXHIBIT 31.2 - YuMe Incex31-2.htm
EX-31.1 - EXHIBIT 31.1 - YuMe Incex31-1.htm
Exhibit 10.10

                                  

Description of Director Compensation

 

Directors who are employees of YuMe, Inc. (“YuMe”) do not receive compensation from YuMe for the services they provide as directors. Each non-employee director will be eligible to receive compensation for his or her service consisting of annual cash retainers and equity awards as follows:

 

Position

 

Retainer

 

Board Member

 

$

30,000

 

Lead Independent Director

 

 

15,000

 

Audit Committee Chair

 

 

20,000

 

Compensation Committee Chair

 

 

15,000

 

Nominating and Corporate Governance Committee Chair

 

 

7,500

 

Audit Committee Member

 

 

7,500

 

Compensation Committee Member

 

 

7,500

 

Nominating and Corporate Governance Committee Member

 

 

3,500

 

 

Each of the above-mentioned cash retainers will be paid in four quarterly installments. Non-employee directors are also reimbursed for customary travel expenses incurred attending Company meetings and for continuing education opportunities. The Company does not pay, and its directors do not receive, any “per-meeting” fees.

 

For 2017, equity awards will consist of an initial stock option or restricted stock unit grant, upon first appointment to our board of directors, with a Black-Scholes value of $87,500. There are no annual refresh awards granted to existing non-employee directors. Options will be granted with an exercise price equal to the fair market value of YuMe’s common stock on the date of grant and vest annually over three years after the grant date for initial grants. Restricted stock awards will be granted with a fair market value equal to the closing price of YuMe’s common stock on the date of grant and vest over three years after the grant date for initial grants.