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Non-Employee Director Compensation
Effective May 2023
Board Members:
Annual Retainer: $ 65,000
Annual Equity Award: $ 115,000 (1)(2)
$ 180,000
Non-Executive Chairman Fee:
Annual Retainer $ 85,000
Annual Equity Award $ 150,000 (1) (2)
Warrants for 2% of the Common Stock, exercisable at an Enterprise Value of $285M, vesting ratably over 3 years or at an Enterprise Value of $400M
Lead Independent Director Fee: $ 20,000
Committee Chair Fees:
Audit $ 15,000
Compensation , Nominating & Governance $ 15,000
Meeting Fees: $ 1,500 (3)
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Notes:
(1)Restricted Stock Units based on Emergence Enterprise Value ($1.72/share)
(2)Chairman’s equity grant of $150K is in lieu of $115K
(3)For meetings attended in excess of 24 in a year
