This excerpt taken from the VCLK DEF 14A filed Apr 19, 2007.
The Company uses a combination of cash and equity awards to attract and retain qualified candidates to serve on the Companys Board. In setting director compensation, consideration is given, among other factors, to the amount of time that directors spend fulfilling their duties as a director, including committee assignments.
This excerpt taken from the VCLK DEF 14A filed May 2, 2005.
For the 2004 fiscal year, each non-employee member of our Board of Directors is entitled to annual compensation of $10,000. The members of the Audit Committee of the Board and its chairman are entitled to additional annual compensation of $5,000 and $20,000, respectively. The members of the Board are also reimbursed for reasonable travel and other out-of-pocket expenses incurred in connection with attendance at meetings of the Board of Directors and committees of the Board of Directors. Directors are also eligible to receive options and to be issued shares of common stock directly under our 2002 Incentive Stock Option Plan. Those directors who are our employees do not receive compensation for their services as directors.