BSMD » Topics » Retainers, Meeting Fees and Reimbursement of Expenses.

This excerpt taken from the BSMD DEF 14A filed Apr 11, 2007.
Retainers, Meeting Fees and Reimbursement of Expenses.   For service on the board, each of our non-employee directors receives a quarterly retainer of $3,000, plus $1,000 for each board meeting attended, either in person or telephonically. Each committee member receives $1,000 per committee meeting with the exception of the members of the audit committee who each receive $1,500 per meeting. Additionally, each committee chairman receives an annual retainer equal to $8,000, in the case of the chair of the audit committee, and $2,500, in the case of the chair of each of the compensation committee, nominating and corporate governance committee and science and technology committee. Each of our non-employee directors is also reimbursed for reasonable out-of-pocket expenses incurred in attending meetings of our board of directors. Retainers and meeting fees are not paid to directors who are our officers or employees.

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