Exhibit 10.14
Description of Director Compensation Arrangements
The compensation arrangements for the non-employee members of the Board of Directors of Marin Software Incorporated are as follows:
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New Board Members | | Option to purchase 30,000 shares, vesting annually over three years |
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Annual Grant for Non-employee Directors | | Option to purchase a number of shares equal to $150,000 divided by Black Scholes Value of an option on the date of grant, vesting on the first anniversary of the date of grant |
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Lead Independent Director | | Option to purchase 1,200 shares, vesting on the first anniversary of the date of grant |
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Audit Committee Chair | | Option to purchase 1,200 shares, vesting on the first anniversary of the date of grant |
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Compensation Committee Chair | | Option to purchase 700 shares, vesting on the first anniversary of the date of grant |
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Nom/Gov Committee Chair | | Option to purchase 400 shares, vesting on the first anniversary of the date of grant |
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Cash Retainer / per meeting fees | | None |