Attached files

file filename
EX-31.1 - EXHIBIT 31.1 - Dex Liquidating Co.ex31-1.htm
10-Q - FORM 10-Q - Dex Liquidating Co.crdc20151231_10q.htm
EX-10.6 - EXHIBIT 10.6 - Dex Liquidating Co.ex10-6.htm
EX-31.2 - EXHIBIT 31.2 - Dex Liquidating Co.ex31-2.htm
EX-32.1 - EXHIBIT 32.1 - Dex Liquidating Co.ex32-1.htm
EX-10.5 - EXHIBIT 10.5 - Dex Liquidating Co.ex10-5.htm

Exhibit 10.2

 

NON-EMPLOYEE DIRECTOR COMPENSATION

  

Cash compensation for non-employee directors is as follows:

 

       

Position

 

Annual Retainer

 
         

All Members (Base)

  $ 25,000  

Additional Retainers

       

Board Chairman (1)

  $ 20,000  

Audit Committee Chairman

  $ 15,000  

Compensation Committee Chairman

  $ 10,000  

Audit Committee Member (other than Chairman)

  $ 5,000  

Compensation Committee Member (other than Chairman)

  $ 5,000  

 

 

(1)

Increased from $15,000 on March 11, 2015.

  

Equity compensation for non-employee directors is as follows:

 

Annual Grants. Each year, immediately following Cardica, Inc.’s Annual Meeting of Stockholders, each non-employee director will automatically be granted an option to purchase 150,000 shares of the Company’s common stock. Each such option will vest monthly over the ensuing year.

 

Initial Grants. Automatically upon becoming a director, any new non-employee director shall be granted an option to purchase 225,000 shares of Cardica, Inc.’s common stock, vesting monthly over three years.