- Track your favorite companies
- Receive email alerts for new filings
- Personalized dashboard of news and more
- Access all data and search results
Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
H.S. freshman Avg
|
EXHIBIT 10.41
WRITTEN DESCRIPTION OF DIRECTORS FEES
PURSUANT TO ITEM 601(b)(10)(iii)(A) OF REGULATION S-K
Each non-employee member of the Board of Directors of Mentor Corporation receives a quarterly fee of $12,500, equaling a total annual fee of $50,000. Effective June 1, 2005, the Chairman of the Board, who is a non-employee Director, receives a quarterly fee of $37,500, for a total annual fee of $150,000. The Chairperson of the audit committee receives an additional $5,000 per year; bringing the total annual fee for the Chairperson to $55,000. In addition, under the Company's amended 2000 Long-Term Incentive Plan, each non-employee member of the Board of Directors is eligible to receive options to purchase shares of the Company's common stock.