ARYX » Topics » Cash Compensation Arrangements

This excerpt taken from the ARYX 10-Q filed May 14, 2009.

Cash Compensation Arrangements

 

In 2008, the Compensation Committee retained Radford Surveys + Consulting, or Radford, an independent compensation consulting firm, to provide us and the Compensation Committee with assistance in reviewing our non-employee director compensation. After reviewing the Radford report and related recommendations, the Compensation Committee and Board revised our cash compensation arrangement for non-employee directors, effective January 1, 2009, as follow:

 

·                  a $20,000 annual retainer for service as a Board member;

 

·                  a $15,000 or $7,500 supplemental annual retainer for service as chairman or member of the Audit Committee, respectively;

 

·                  a $10,000 or $5,000 supplemental annual retainer for service as chairman or member of the Compensation Committee, respectively;

 

·                  a $5,000 or $2,500 supplemental annual retainer for service as chairman or member of the Nominating and Corporate Governance Committee, respectively;

 

·                  a $5,000 supplemental annual retainer for services as lead independent director of the Board; and

 

·                  $2,000 for each Board meeting attended in person ($1,000 for meetings attended by video or telephone conference).

 

We continue to reimburse our non-employee directors for their reasonable expenses incurred in attending meetings of our Board and committees of the Board.

 

This excerpt taken from the ARYX DEF 14A filed Apr 22, 2009.

Cash Compensation Arrangements

        Pursuant to our compensation program for non-employee directors, during 2008 each member of our Board who was not an employee or an officer of ARYx received the following cash compensation for Board services, as applicable:

    a $15,000 annual retainer for service as a Board member;

    a $5,000 supplemental annual retainer for service as chairman of the Audit Committee;

    a $2,500 supplemental annual retainer for service as chairman of the Nominating and Corporate Governance Committee or Compensation Committee;

    $2,000 for each Board meeting attended in person ($1,000 for meetings attended by video or telephone conference); and

    $1,000 for each Board committee meeting attended in person ($500 for meetings attended by video or telephone conference).

        We reimburse our non-employee directors for their reasonable expenses incurred in attending meetings of our Board and committees of the Board.

        In 2008, the Compensation Committee retained Radford Surveys + Consulting, or Radford, an independent compensation consulting firm, to provide us and the Compensation Committee with assistance in reviewing our non-employee director compensation. After reviewing the Radford report and related recommendations, the Compensation Committee and Board revised our cash compensation arrangement for non-employee directors, effective January 1, 2009, as follow:

    a $20,000 annual retainer for service as a Board member;

    a $15,000 or $7,500 supplemental annual retainer for service as chairman or member of the Audit Committee, respectively;

    a $10,000 or $5,000 supplemental annual retainer for service as chairman or member of the Compensation Committee, respectively;

    a $5,000 or $2,500 supplemental annual retainer for service as chairman or member of the Nominating and Corporate Governance Committee, respectively;

    a $5,000 supplemental annual retainer for services as lead independent director of the Board; and

    $2,000 for each Board meeting attended in person ($1,000 for meetings attended by video or telephone conference).

        We continue to reimburse our non-employee directors for their reasonable expenses incurred in attending meetings of our Board and committees of the Board.

This excerpt taken from the ARYX DEF 14A filed Apr 29, 2008.

Cash Compensation Arrangements

        Pursuant to our current compensation program for non-employee directors, each member of our Board who is not an employee or an officer of ARYx currently receives the following cash compensation for Board services, as applicable:

    a $15,000 annual retainer for service as a Board member;

    a $5,000 supplemental annual retainer for service as chairman of the Audit Committee or Compensation Committee;

    a $2,500 supplemental annual retainer for service as chairman of the Nominating and Corporate Governance Committee;

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    $2,000 for each Board meeting attended in person ($1,000 for meetings attended by video or telephone conference); and

    $1,000 for each Board committee meeting attended in person ($500 for meetings attended by video or telephone conference).

        We reimburse our non-employee directors for their reasonable expenses incurred in attending meetings of our Board and committees of the Board.

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