EVOL » Topics » (b) 2008 Compensation Plan for the Board of Directors

This excerpt taken from the EVOL 8-K filed Jan 3, 2008.

(b)           2008 Compensation Plan for the Board of Directors

 

Each Director will receive an annual retainer fee of $20,000.  The Chairman of the Board will receive an additional annual fee of $10,000 and the Chairman of the Audit Committee will receive an additional annual fee of $5,000.  Compensation is payable in equal quarterly increments following the end of each quarter.  Equity awards are made at the discretion of the Board of Directors following the annual meeting of stockholders (stock options) and in the fourth calendar quarter (restricted stock).

 

This excerpt taken from the EVOL 8-K filed Jan 4, 2007.

2007 Compensation Plan for the Board of Directors

The Compensation Committee simplified the compensation arrangement for the Board of Directors which previously was based upon a combination of an annual retainer, meeting fees and committee fees, and approved the following compensation plan for the Board of Directors:

Each Director (other than Mr. Gartside who is an Executive Officer of the Company) will receive an annual retainer fee of $20,000.  The Chairman of the Audit Committee will receive an additional annual retainer of $5,000. Compensation is payable in equal quarterly increments.

EXCERPTS ON THIS PAGE:

8-K
Jan 3, 2008
8-K
Jan 4, 2007
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