Exhibit 10.26
BLACKBAUD, INC.
NON-EMPLOYEE DIRECTOR COMPENSATION
NON-EMPLOYEE DIRECTOR COMPENSATION
Board Members:
• | An annual retainer of $17,500, payable in cash, for services as a member of the Board; the Chairman of the Audit Committee would receive an additional $15,000 annually for such service. | |
• | $3,000 per regular meeting attended (4 regularly scheduled meetings per year). | |
• | $1,000 per regular committee meeting attended (4 regularly scheduled meetings per year). | |
• | $1,000 per telephonic board and/or committee meetings. | |
• | An annual grant of restricted stock of the Company worth $60,000 on the date of grant vesting fully on the first anniversary of the date of grant. |
Chairman:
• | An annual retainer of $50,000, payable in cash, for service as Chairman of the Board. | |
• | An annual grant of restricted stock of the Company worth $60,000 on the date of grant vesting fully on the first anniversary of the date of grant. |