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This excerpt taken from the MMSI DEF 14A filed Apr 9, 2009. DIRECTOR COMPENSATION
The Company uses a combination of cash and stock-based incentive compensation to attract and retain qualified candidates to serve as directors. In setting director compensation, the Company considers the significant amount of time that directors expend in fulfilling their duties to the Company as well as the skill level required by the Company of directors.
This excerpt taken from the MMSI DEF 14A filed Apr 8, 2008. DIRECTOR COMPENSATION
The Company uses a combination of cash and stock-based incentive compensation to attract and retain qualified candidates to serve as directors. In setting director compensation, the Company considers the significant amount of time that directors expend in fulfilling their duties to the Company as well as the skill level required by the Company of directors.
This excerpt taken from the MMSI DEF 14A filed Apr 25, 2007. DIRECTOR COMPENSATION The Company uses a combination of cash and stock-based incentive compensation to attract and retain qualified candidates to serve as directors. In setting director compensation, the Company considers the significant amount of time that directors expend in fulfilling their duties to the Company as well as the skill level required by the Company of directors. This excerpt taken from the MMSI DEF 14A filed Apr 25, 2006. Director Compensation
Each director of the Company receives an annual retainer of $22,000. Additionally, each director receives a fee of $2,000 per Board meeting attended in person; $750 for each telephonic Board meeting; and $400 for each telephonic Board briefing. Each member of the Audit Committee receives $1,000 per meeting and the Audit Committee chairperson receives an annual retainer of $5,000. Members of the Compensation Committee receive $1,000 for each meeting. Members of the Governance Committee are not paid additional amounts for attendance at Governance Committee meetings. If multiple committee meetings are held on the same day, directors attending those meetings are only paid the single highest fee. Directors who are also full-time employees of the Company do not receive meeting payments if the meetings are held during regular business hours. All directors are also reimbursed by the Company for their out-of-pocket travel and related expenses incurred in attending all Board of Directors and committee meetings. Directors are also eligible to participate in the Company’s equity incentive programs. During the year ended December 31, 2005 each director received an award of options to acquire 15,000 shares of Common Stock.
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This excerpt taken from the MMSI DEF 14A filed Apr 25, 2005. Director Compensation Directors who are not employees of the Company receive an annual retainer of $15,000 and a director's fee of $1,200 per meeting attended in person and $400 for each telephonic meeting in which they participate. Non-employee directors also receive $400 for attendance at each committee meeting that they attend and that is not held on the same date as a board meeting. All directors are also reimbursed by the Company for their out-of-pocket travel and related expenses incurred in attending all Board of Directors and committee meetings. | EXCERPTS ON THIS PAGE:
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