Attached files
file | filename |
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EX-32.1 - CERTIFICATION - CYREN Ltd. | f10k2019ex32-1_cyren.htm |
EX-31.2 - CERTIFICATION - CYREN Ltd. | f10k2019ex31-2_cyren.htm |
EX-31.1 - CERTIFICATION - CYREN Ltd. | f10k2019ex31-1_cyren.htm |
EX-23.1 - CONSENT OF KOST, FORER, GABBAY & KASIERER, INDEPENDENT REGISTERED PUBLIC ACCOUNT - CYREN Ltd. | f10k2019ex23-1_cyren.htm |
EX-21 - LIST OF SUBSIDIARIES OF THE COMPANY - CYREN Ltd. | f10k2019ex21_cyrenltd.htm |
EX-10.12 - OFFER LETTER DATED JANUARY 9, 2011, BETWEEN COMMTOUCH LTD. AND J. MICHAEL MYSHRA - CYREN Ltd. | f10k2019ex10-12_cyren.htm |
EX-4.1 - DESCRIPTION OF SECURITIES - CYREN Ltd. | f10k2019ex4-1_cyren.htm |
10-K - ANNUAL REPORT - CYREN Ltd. | f10k2019_cyrenltd.htm |
Exhibit 10.5
SUMMARY OF DIRECTOR COMPENSATION
The following is a summary of the compensation terms of the non-executive directors of Cyren Ltd. (the “Company”).
At the Company’s 2019 Annual Meeting of Shareholders, the Company’s shareholders approved the following compensation for its non-executive directors, to remain in effect from the shareholder approval date of July 30, 2019:
1) | Annual Cash Compensation: |
● | All eligible non-executive directors will receive $7,500 per quarter; and |
● | A non-executive director serving as a Lead Director will receive $15,000 per quarter. |
2) | Equity Compensation: |
● | New non-executive directors are currently entitled to an initial grant of 50,000 options. | |
● | All eligible non-executive directors will be granted 20,000 restricted stock units per year; |
● | A non-executive director serving as the Lead Director will receive a grant of 30,000 restricted stock units per year for such services; and |
● | A non-executive director serving as the Chairperson of the Audit Committee will be granted 4,000 additional restricted stock units per year for such services. |
Other than the foregoing cash compensation and equity compensation, the Company does not compensate its non-executive directors for serving on its board of directors. Non-executive directors are reimbursed for expenses associated with their service on the board of directors.