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Quality Systems, Inc. Amended and Restated Outside Director Compensation Program

Executive Compensation Plan Agreement

Quality Systems, Inc.

Amended and Restated 

Outside Director Compensation Program | Document Parties: QUALITY SYSTEMS INC You are currently viewing:
This Executive Compensation Plan Agreement involves

QUALITY SYSTEMS INC

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Title: Quality Systems, Inc. Amended and Restated Outside Director Compensation Program
Date: 6/1/2009
Industry: Software and Programming     Sector: Technology

Quality Systems, Inc.

Amended and Restated 

Outside Director Compensation Program, Parties: quality systems inc
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Exhibit 10.3

 

Quality Systems, Inc.

Amended and Restated

Outside Director Compensation Program

 

 

Category of Director

Employee Director

Independent Director

Committee Chairman (3)

Audit Committee/Board Chairman

Base Compensation

$ ---

$ 80,000

$92,500

$100,000

Meeting Fees (1)

$ ---

$ ---

$ ---

$ ---

Committee Memberships (2)

$ ---

$ ---

$ ---

$ ---

 

 

 

 

 

Subtotal Cash Compensation

$ ---

$ 80,000

$92,500

$100,000

Restricted Common Stock Grant Shares (4)

0

1,000

1,250

1,250

 

Each Director is to be awarded shares of restricted common stock upon election or re-election to the Board. The shares will carry a restriction requiring that they not be sold for a period of 2 years from the date of grant. The grant of restricted shares shall be in lieu of the 5,000 options granted in prior years upon election or re-election to the Board.

 

Additionally, all board members must acquire a minimum of 1,000 shares of the Company's Common Stock t


 
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