EX-10.4
Amaero Inc.
Amaero Inc.
Non-Employee Director Compensation Policy
This Non-Employee Director Compensation Policy (the “Policy”) sets forth the compensation to be provided to each non-employee director of the Company (each, an “Eligible Director”), unless such Eligible Director declines or waives in advance the receipt of such cash or equity compensation by written notice to the Company. This Policy supersedes any existing Company policy regarding cash compensation and grants of equity awards to its Non-Employee Directors. Each Non-Employee Director will be solely responsible for any tax obligations incurred by such Non-Employee Director as a result of any compensation such Non-Employee Director receives under this Policy.
CASH COMPENSATION
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Annual Retainer. An annual cash retainer of $115,000 for each Eligible Director serving on the Board.
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Additional Annual Retainers – Committee Chair. An additional annual cash retainer for serving as a chair of specified committees of the Board:
o
The chair of the Audit Committee of the Board shall receive an additional $25,000 annually; and
o
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