Attached files
| file | filename |
|---|---|
| EXCEL - IDEA: XBRL DOCUMENT - Stereotaxis, Inc. | Financial_Report.xls |
| EX-31.1 - SECTION 302 CEO CERTIFICATION - Stereotaxis, Inc. | dex311.htm |
| EX-31.2 - SECTION 302 CFO CERTIFICATION - Stereotaxis, Inc. | dex312.htm |
| EX-32.1 - SECTION 906 CEO CERTIFICATION - Stereotaxis, Inc. | dex321.htm |
| 10-Q - FORM 10-Q - Stereotaxis, Inc. | d10q.htm |
| EX-32.2 - SECTION 906 CFO CERTIFICATION - Stereotaxis, Inc. | dex322.htm |
Exhibit 10.1
OUTSIDE DIRECTORS’ COMPENSATION PROGRAM
Summary of Outside Directors’ Compensation effective May 25, 2011:
Cash Compensation
| • | Annual retainer for all directors, except the Chairman of the Board—$30,000 per year. |
| • | Annual retainer for the Chairman of the Board—$36,000 per year. |
| • | Additional annual retainer for the Chair of the Strategy and Technology Committee—$15,000. |
| • | Additional annual retainer for each member of the Strategy and Technology Committee (except Chair)—$10,000. |
Equity Compensation
Annual equity awards granted to the outside directors automatically on the date of each respective Annual Shareholders’ meeting (except as otherwise noted), beginning with the date of the 2011 Annual Shareholders’ meeting on May 25, 2011:
| Grant Type |
Number of Shares3,4,5 | |
| Annual Grant (except Chairman of the Board) | 10,500 Options & 2,700 Restricted Shares | |
| Chairman of the Board Annual Grant | 21,000 Options & 5,400 Restricted Shares | |
| New Director Grant1 | 21,000 Options & 5,400 Restricted Shares | |
| Committee Member2 | 1,750 Options & 450 Restricted Shares | |
| Chairs of Audit & Compensation Committees | 7,000 Options & 1,800 Restricted Shares | |
| Chair of Nominating & Corporate Governance Committee | 3,500 Options & 900 Restricted Shares |
| 1 | Shares are to be granted on the date of such director’s appointment or election to the Board |
| 2 | Committee Member grants are not applicable to Chairs of the Audit, Compensation and Nominating & Corporate Governance Committees or to the Chair or members of Strategy & Technology Committee |
| 3 | The exercise price of the Stock Options will be the closing price of the Company’s Common Stock on the NASDAQ Global Markets on the applicable date of grant. |
| 4 | Stock Options and Restricted Shares granted annually to the directors will vest one year from the applicable date of grant, or on the date of the next Annual Shareholders meeting, whichever is earlier. |
| 5 | Stock Options and Restricted Shares granted to any new director will vest over a period of two (2) years with 50% vesting on the first anniversary of the date of the grant and the remainder vesting monthly thereafter. |