NTES » Topics » Director Compensation

This excerpt taken from the NTES 20-F filed Jun 30, 2009.

Director Compensation

In 2008, we paid each of Alice Cheng, Joseph Tong and Michael Leung the amount of US$4,500 per month for their services as independent non-executive directors for a total of US$162,000.

In addition, in 2008 we paid each of Denny Lee and Lun Feng US$1,000 per month for their services as non-executive directors for a total of US$24,000. We also paid Alice Cheng and Lun Feng US$12,860 and US$2,320 for Chinese individual income taxes on their behalf, respectively. Other than the foregoing payments, we did not pay any other compensation in any form to our non-executive directors in 2008.

In 2008, we did not grant any stock options to our directors.

 

86


Table of Contents

All of our current directors have entered into indemnification agreements in which we agree to indemnify, to the fullest extent allowed by Cayman Islands law, our charter documents or other applicable law, those directors from any liability or expenses, unless the liability or expense arises from the director’s own willful negligence or willful default. The indemnification agreements also specify the procedures to be followed with respect to indemnification.

This excerpt taken from the NTES 20-F filed Jun 26, 2008.

Director Compensation

In 2007, we paid each of Alice Cheng (a member of our board and our audit, compensation and nominating committees who joined us after Donghua Ding stepped down from such position in May 2007), Donghua Ding (a former member of our board and our audit, compensation and nominating committees who resigned in May 2007), Michael Leung and Joseph Tong the amount of US$4,500 per month for their services as independent non-executive directors for a total of US$160,630.

In addition, in 2007 we paid each of Denny Lee (commencing from July 2007) and Lun Feng US$1,000 per month for their services as non-executive directors for a total of US$18,000. We also paid Alice Cheng, Donghua Ding and Feng Lun US$7,682, US$5,261 and US$2,377 for Chinese individual income taxes on their behalf, respectively. Other than the foregoing payments, we did not pay any other compensation in any form to our non-executive directors in 2007.

In 2007, we also granted stock options under our 2000 Stock Incentive Plan to certain executive officers, as set forth in the table entitled “Options Grants in Last Fiscal Year” below.

All of our current directors have entered into indemnification agreements in which we agree to indemnify, to the fullest extent allowed by Cayman Islands law, our charter documents or other applicable law, those directors from any liability or expenses, unless the liability or expense arises from the director’s own willful negligence or willful default. The indemnification agreements also specify the procedures to be followed with respect to indemnification.

 

73


Table of Contents

EXCERPTS ON THIS PAGE:

20-F
Jun 30, 2009
20-F
Jun 26, 2008
Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki