Board Compensation for Directors*
Type of Compensation
Board Cash Retainer+
Fiscal 2020: $35,000, payable quarterly on the last day of each fiscal quarter, commencing January 1, 2020+
Board Meeting Fees
$1,500 for each meeting attended
Committee Meeting Fees
$1,000 for each substantive meeting of the Audit Committee attended
$3,500 for each substantive meeting of the Conflicts Committee attended
Committee Chair Retainer
$3,500 for Audit Committee Chair, payable quarterly on the last day of each fiscal quarter+
$2,500 for Conflicts Committee Chair, payable quarterly on the last day of each fiscal quarter+
Independent Directors are eligible to participate in a basic health benefits package similar to that available to Evolve employees.
Includes all persons serving as Independent Directors as of the beginning of each quarterly period.
For any person who ceases to serve during the fiscal quarter prior to such payment date, such person shall receive a pro rata amount for the portion of the fiscal quarter so served.