This excerpt taken from the UBET DEF 14A filed Apr 29, 2008.
The duties and responsibilities of the Compensation Committee are to review periodically the compensation of executive officers, to make recommendations as to stock options, bonuses and salaries and to perform all other duties as the Board may from time to time designate. Messrs. Adelson (Chairman) and Pritzker are the current members of the Compensation Committee. Each of the members of the Compensation Committee is independent as defined by NASDAQ Marketplace Rule 4200(a)(15). During the fiscal year ended December 31, 2007, the Compensation Committee met five times. The Compensation Committee operates pursuant to a written charter, a copy of which may be found on our website at http://www.youbet.com/investors/board_literature/committee_charters.pdf, or a printed copy can be obtained by writing to Youbet.com, Inc., Secretary, 5901 De Soto Avenue, Woodland Hills, California 91367.