Attached files
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| 8-K - 8-K - InsPro Technologies Corp | v243125_8k.htm |
Exhibit 99.1
INSPRO TECHNOLOGIES CORPORATION
AMENDED AND RESTATED COMPENSATION POLICY FOR NON-EMPLOYEE DIRECTORS
Amended and restated effective December 13, 2011:
The compensation of the Company’s non-employee directors shall be as follows:
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$1,000 meeting fee through December 31, 2011 and $1,500 meeting fee thereafter for each director for each meeting of the Board attended in person or via conference telephone.
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$500 meeting fee for each committee member for each meeting of a committee of the Board, attended in person or via conference telephone.
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The Company shall reimburse non-employee directors for reasonable out-of-pocket expenses incurred in connection with their attendance at Board and committee meetings, in accordance with the Company’s expense reimbursement policies in effect from time to time.