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Blue Nile
Non-Employee Director Compensation
Annual
Cash Compensation
Retainer: $40,000 (may elect to receive stock in lieu of cash)
Committee Fee: $3,000
Audit Committee Chair Fee: $10,000
Compensation Committee Chair Fee: $5,000
Nominating and Corporate Governance Committee Chair Fee:
$5,000
Retainer. The $40,000 retainer is paid in quarterly
installments. At the discretion of our Board of Directors,
directors may be permitted to forego all or a portion of their
annual cash payment for service on the Board in exchange for a
grant or grants of restricted stock under our 2004 Equity Incentive
Plan having a fair market value equal to the amount of foregone
cash compensation. The fair market value of the amount of foregone
cash is determined based on the closing price of our common stock
on the second day following our quarterly public announcement of
our financial earnings.
Committee
Fee. The $3,000 committee
fee is paid to all non-employee directors that serve on a
committee. Blue Nile has three committees: the Audit Committee, the
Compensation Committee and the Nominating and Corporate Governance
Committee. Typically, directors are requested to
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