{"id":40160,"date":"2015-09-17T11:25:58","date_gmt":"2015-09-17T16:25:58","guid":{"rendered":"https:\/\/content.findlaw-admin.com\/ability-legal\/contracts\/uncategorized\/nonemployee-director-compensation-policy-concur-technologies.html"},"modified":"2015-09-17T11:25:58","modified_gmt":"2015-09-17T16:25:58","slug":"nonemployee-director-compensation-policy-concur-technologies","status":"publish","type":"corporate_contracts","link":"https:\/\/corporate.findlaw.com\/contracts\/compensation\/nonemployee-director-compensation-policy-concur-technologies.html","title":{"rendered":"Nonemployee Director Compensation Policy – Concur Technologies Inc."},"content":{"rendered":"

Concur Technologies, Inc. <\/strong><\/p>\n

Amended and Restated Non-Employee Director
\nCompensation Policy <\/strong><\/p>\n\n\n\n
\n

1.<\/p>\n<\/td>\n

\n

Effective as of March 15, 2011, the compensation for the existing outside
\nmembers of the Board of Directors (“Board<\/em><\/strong>“) of Concur
\nTechnologies, Inc. (“Concur<\/em><\/strong>“), and each new outside
\nBoard member who joins the Board after March 15, 2011, shall be an annual cash
\npayment and an annual stock grant equal to the following:<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/p>\n\n\n\n\n\n\n\n\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
\n

Position<\/strong><\/p>\n<\/td>\n

<\/td>\n\n

Annual Cash Payment<\/strong><\/p>\n<\/td>\n

<\/td>\n<\/td>\n\n

Annual Stock Grant<\/strong><\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

Lead Independent Director<\/p>\n<\/td>\n

<\/td>\n\n

$<\/p>\n<\/td>\n

\n

100,000<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n\n

4,500 restricted stock units<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

Chairman of the Audit Committee<\/p>\n<\/td>\n

<\/td>\n\n

$<\/p>\n<\/td>\n

\n

95,000<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n\n

4,300 restricted stock units<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

Chairman of the Compensation Committee<\/p>\n<\/td>\n

<\/td>\n\n

$<\/p>\n<\/td>\n

\n

90,000<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n\n

4,200 restricted stock units<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
\n

Chairman of the Nominating & Corporate Governance Committee<\/p>\n<\/td>\n

<\/td>\n\n

$<\/p>\n<\/td>\n

\n

85,000<\/p>\n<\/td>\n

<\/td>\n<\/td>\n<\/td>\n\n

3,900 restricted stock units<\/p>\n<\/td>\n

<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/p>\n\n\n\n
\n

2.<\/p>\n<\/td>\n

\n

The annual cash payment and stock grant described above will be made as of
\nMarch 15 of each year as consideration for Board and committee services during
\nthe prior 12-month period, and will apply only if the applicable Board member
\nserved continuously on the Board for the prior 12-month period. However, for
\nmembers joining the Board during a given 12-month period, the first annual cash
\npayment and stock grant will be pro rated from the commencement date to the next
\nMarch 15. The stock granted will be in the form of restricted stock units, and
\nwill vest over 4 years with 25% vested on each anniversary of the grant, subject
\nto the terms of the 2007 Equity Incentive Plan and the then-current executive
\nform of restricted stock unit award documentation.<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/p>\n\n\n\n
\n

3.<\/p>\n<\/td>\n

\n

Outside Board members will receive no other compensation for services on the
\nBoard or any committee of the Board, provided that all Board members shall be
\nreimbursed for their reasonable travel expenses in attending Board and committee
\nmeetings.<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/p>\n\n\n\n
\n

4.<\/p>\n<\/td>\n

\n

Board members who are employees of Concur will receive compensation as
\napproved by the Board or the Compensation Committee of the Board, and will not
\nreceive compensation under this policy.<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/p>\n","protected":false},"template":"","meta":{"_acf_changed":false,"_stopmodifiedupdate":true,"_modified_date":"","_cloudinary_featured_overwrite":false},"corporate_contracts_companies":[7179],"corporate_contracts_industries":[9513],"corporate_contracts_types":[9539],"class_list":["post-40160","corporate_contracts","type-corporate_contracts","status-publish","hentry","corporate_contracts_companies-concur-technologies-inc","corporate_contracts_industries-technology__software","corporate_contracts_types-compensation"],"acf":[],"_links":{"self":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts\/40160","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts"}],"about":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/types\/corporate_contracts"}],"wp:attachment":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/media?parent=40160"}],"wp:term":[{"taxonomy":"corporate_contracts_companies","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_companies?post=40160"},{"taxonomy":"corporate_contracts_industries","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_industries?post=40160"},{"taxonomy":"corporate_contracts_types","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_types?post=40160"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}