Attached files
file | filename |
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EXCEL - IDEA: XBRL DOCUMENT - SPS COMMERCE INC | Financial_Report.xls |
EX-31.1 - EX-31.1 - SPS COMMERCE INC | d901903dex311.htm |
EX-31.2 - EX-31.2 - SPS COMMERCE INC | d901903dex312.htm |
EX-32.1 - EX-32.1 - SPS COMMERCE INC | d901903dex321.htm |
10-Q - FORM 10-Q - SPS COMMERCE INC | d901903d10q.htm |
Exhibit 10.1
SPS COMMERCE, INC.
NON-EMPLOYEE DIRECTOR COMPENSATION PLAN
Adopted: February 24, 2015
Director annual retainer: Annual retainer, payable in case, of $27,500 per director except for the chairperson who shall receive $39,500
Committee chairs annual retainer: Annual retainers, payable in cash, of:
Audit Committee: |
$ | 15,000 | ||
Compensation Committee: |
$ | 10,000 | ||
Governance and Nominating Committee: |
$ | 6,800 |
Committee member annual retainer: Annual retainers, payable in cash, of:
Audit Committee: |
$ | 5,000 | ||
Compensation Committee: |
$ | 4,000 | ||
Governance and Nominating Committee: |
$ | 2,700 |
Non-statutory stock option grants:
| To purchase up to $46,175 of common stock calculated as the grant date fair value of the stock-based awards computed in accordance with FASB ASC 718 on the date of the Companys annual meeting of stockholders using the closing sale price for a share of the Companys common stock on the Nasdaq Global Market on the date of the annual meeting of stockholders |
| Granted to directors who are elected to the board at the annual meeting of stockholders |
| Exercise price per share equal to the closing sales price for a share on the Nasdaq Global Market on the date of the annual meeting of stockholders |
| Vest in four equal installments on the last day of each fiscal quarter with the first vesting occurring on June 30, provided the recipient remains a member of the board as of the vesting date |
| Maximum term of seven years measured from the date of grant |
Restricted stock grants:
| To acquire up to $46,175 of restricted common stock calculated by dividing this amount by the closing sale price for a share of the Companys common stock on the Nasdaq Global Market on the date of the Companys annual meeting of stockholders |
| Granted to directors who are elected to the board at the annual meeting of stockholders |
| Vests in four equal installments on the last day of each fiscal quarter with the first vesting occurring on June 30, provided the recipient remains a member of the board as of the vesting date |
Reimbursement of expenses: The Company shall reimburse directors for reasonable expenses incurred in connection with attending board and committee meetings.