Attached files
Exhibit 10.4
Compensatory Arrangements with Directors
The amount of the annual cash retainer, committee chair cash retainers and restricted stock grants for our non-employee directors for the current year are set forth in the table below. Each non-employee director is also paid $2,000 for each meeting of the Board of Directors or any committee thereof of which he is a member that he attends. Directors who are employees of PTC are not compensated for their service as a director.
Name |
Chair Position |
Annual Retainer | Committee Chair Retainer |
Annual Equity Grant(1) | ||||||
Donald Grierson |
Lead Independent Director
Nominating & Corporate Governance Committee |
$ | 75,000 | | 12,912 shares | |||||
Robert Schechter |
Audit Committee | $ | 35,000 | $ | 10,000 | 11,813 shares | ||||
Robert Goldman |
Compensation Committee | $ | 35,000 | $ | 10,000 | 11,813 shares | ||||
Michael Porter |
Corporate Development Committee | $ | 35,000 | $ | 5,000 | 10,714 shares | ||||
Paul Lacy |
$ | 35,000 | 10,714 shares |
(1) | The restrictions on the shares will lapse on the earlier of the date of the 2011 Annual Meeting of Stockholder and March 15, 2011, provided the person remains a director on that date and pursuant to our 2000 Equity Incentive Plan. |