Attached files
file | filename |
---|---|
10-K - FORM 10-K - ASSISTED LIVING CONCEPTS INC | c97565e10vk.htm |
EX-23.1 - EXHIBIT 23.1 - ASSISTED LIVING CONCEPTS INC | c97565exv23w1.htm |
EX-32.1 - EXHIBIT 32.1 - ASSISTED LIVING CONCEPTS INC | c97565exv32w1.htm |
EX-31.2 - EXHIBIT 31.2 - ASSISTED LIVING CONCEPTS INC | c97565exv31w2.htm |
EX-24.1 - EXHIBIT 24.1 - ASSISTED LIVING CONCEPTS INC | c97565exv24w1.htm |
EX-31.1 - EXHIBIT 31.1 - ASSISTED LIVING CONCEPTS INC | c97565exv31w1.htm |
EX-21.1 - EXHIBIT 21.1 - ASSISTED LIVING CONCEPTS INC | c97565exv21w1.htm |
EXHIBIT 10.10
ASSISTED LIVING CONCEPTS, INC.
SUMMARY OF DIRECTOR COMPENSATION
Directors who are not employees of Assisted Living Concepts, Inc. are paid an annual retainer
of $15,000 per year, a fee of $1,500 for each Board or committee meeting they attend, and $500 for
each telephonic Board or committee meeting they attend. In addition, the annual retainer for the
Board chairman is $50,000 and the annual retainer for the vice chairman is $25,000. The annual
retainer for the chair of the Audit Committee is an additional $15,000 and the annual retainer for
the other committee chairs is an additional $10,000. During 2009, each non-employee director was
granted 4,000 tandem stock options/stock appreciation rights that become exercisable in one-third
increments on the first, second and third anniversarys of the April 30, 2009 grant date and which
have an exercise price of $16.54. Similar grants were awarded to each non-employee director on May
5, 2008 of 4,000 tandem stock options/stock appreciation rights with an exercise price of $32.10.
Non-employee directors may receive yearly grants of additional stock-based awards as determined by
the full board of directors. Non-employee directors are reimbursed for expenses incurred in
connection with attending Board and committee meetings. Directors who are also employees of
Assisted Living Concepts, Inc. receive no compensation for their service as directors.