Data: Although the Form-4 states they were issued IAW the Compensation Plan for Outside Directors, the 10,000 share award seems to exceed the award amounts listed in the plan.
2005 Compensation Program for Outside Directors
Annual Board Retainer:
$25,000 Committee Chairs:
$15,000/$30,000 for Audit Committee Chair Committee Membership:
$5,000 Re-election RSU Grant:
6,000 RSUs (vesting 2,000 each year beginning at 1st anniversary of re-election)
Annual RSU Grant: (to all outside directors at each annual meeting*)
2,000 RSUs (vesting in full one year from grant date)
*
For so long as a director has options vesting pursuant to a grant made under the previous director compensation plan (i.e. program which provided a grant of 48,000 options upon election, vesting 16,000 at each subsequent annual meeting), he will not be entitled to the Annual RSU Grant.
All cash payments shall be based on service for a full year; pro rata payment shall be made for service of less than one year. Payment shall be quarterly and may be deferred. Deferrals must be made in the calendar year preceding the year in which services are rendered.
Equity awards shall be granted effective at the corresponding Annual Meeting of Shareholders.
As approved by the Compensation Committee April 13, 2005
they were granted Dave....you had me going there for a sec
1. Granted pursuant to the InterDigital Communications Corporation 1999 Restricted Stock Plan in accordance with the Issuer's Compensation Program for Outside Directors.
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