Attached files
Exhibit 10.11a
Hot Topic Inc., Director Compensation
(As revised March 17, 2010)
Cash Compensation:
| MEETINGS |
PER MEETING FEE |
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| Board |
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| Chair (In-person meeting) |
$ | 13,000 | |||||
| Member (in-person meeting) |
$ | 10,000 | |||||
| Telephonic meetings (all directors) |
$ | 2,000 | |||||
| Audit Committee |
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| Chair |
$ | 2,500 | (+$ | 10,000/Qtr. | ) | ||
| Member |
$ | 1,500 | |||||
| Governance & Nominating Committee |
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| Chair |
$ | 2,500 | (+$ | 2,500/year | ) | ||
| Member |
$ | 1,000 | |||||
| Compensation Committee |
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| Chair |
$ | 2,500 | (+$ | 16,000/year | ) | ||
| Member |
$ | 1,000 | |||||
Other Compensation:
Automatic Options:
| New Director Grant: |
10,000 options | |
| Continuing Director Grant: |
2,500 options | |
| Continuing Chair Grant: |
3,750 options |
Discretionary Options:
Continuing Director Grant: The number of shares which will, including the automatic grant, provide a $60,000 aggregate grant, using the Black Scholes model.
Continuing Chair Grant: The number of shares which will, including the automatic grant, provide an $80,000 aggregate grant, using the Black Scholes model.
Stock Bonus Award:
Director Award: The number of shares equal to $25,000 divided by the share price determined as of the date of grant.
Chair Award: The number of shares equal to $30,000 divided by the share price determined as of the date of grant.