Attached files

file filename
10-Q - FORM 10-Q - 5:01 Acquisition Corp.tm2036192d1_10q.htm
EX-32.2 - EXHIBIT 32.2 - 5:01 Acquisition Corp.tm2036192d1_ex32-2.htm
EX-32.1 - EXHIBIT 32.1 - 5:01 Acquisition Corp.tm2036192d1_ex32-1.htm
EX-31.2 - EXHIBIT 31.2 - 5:01 Acquisition Corp.tm2036192d1_ex31-2.htm
EX-31.1 - EXHIBIT 31.1 - 5:01 Acquisition Corp.tm2036192d1_ex31-1.htm

Exhibit 10.6

 

5:01 Acquisition Corp.

Non-Employee Director Compensation Policy

 

Each member of the board of directors (the “Board”) of 5:01 Acquisition Corp.. (the “Company”) who is not also an employee of the Company or any subsidiary of the Company shall be entitled to the following compensation for service on the Board and its committees:

 

Cash Compensation

 

Effective upon the closing of the Company’s initial public offering, cash compensation shall be paid in the following annual amounts. Payments shall be made in monthly installments on the last day of each calendar month in which service occurred, and shall be prorated as appropriated for a director who does not serve for the full month.

 

1.Annual Board Service Retainer:

 

a.       All non-employee directors: $50,000