Glu_Ex_10_20


		
			Exhibit 10.20
		

		
			GLU MOBILE INC. 
		

		
			SUMMARY OF INDEPENDENT NON-EMPLOYEE DIRECTOR COMPENSATION PROGRAM 
		

		
			(Effective as of June 8, 2017) 
		

		
			On May 1, 2017, the Board of Directors (the “Board”) of Glu Mobile Inc. (“Glu,” “our,” “we” or similar terms) approved the following program with respect to the compensation of our independent non-employee directors effective as of May 1, 2017: 
		

		
			Cash Compensation 
		

			
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						    

					
					
						 

				
	
					
						Annual Retainer Fee:

					
					
						 

					
					
						$

					
					
						30,000 

				
	
					
						Lead Director or Chairman of the Board Fee:

					
					
						 

					
					
						$

					
					
						20,000 

				
	
					
						Annual Committee Fees:

					
					
						 

					
					
						 

					
					
						 

				
	
					
						Audit Committee Chair

					
					
						 

					
					
						$

					
					
						20,000 

				
	
					
						Audit Committee Member (other than Chair)

					
					
						 

					
					
						$

					
					
						5,000 

				
	
					
						Compensation Committee Chair

					
					
						 

					
					
						$

					
					
						15,000 

				
	
					
						Compensation Committee Member (other than Chair)

					
					
						 

					
					
						$

					
					
						5,000 

				
	
					
						Nominating and Governance Committee Chair

					
					
						 

					
					
						$

					
					
						5,000 

				
	
					
						Nominating and Governance Committee Member (other than Chair)

					
					
						 

					
					
						$

					
					
						5,000 

				
	
					
						Strategy Committee Chair

					
					
						 

					
					
						$

					
					
						20,000 

				
	
					
						Strategy Committee Member (other than Chair)

					
					
						 

					
					
						$

					
					
						5,000 

				



		
			 
		

		
			All cash compensation will be paid in quarterly installments based upon continuing service. We will also reimburse our directors for reasonable expenses in connection with attendance at Board and committee meetings. 
		

		
			Equity Compensation 
		

		
			Each year at about the time of our annual meeting of stockholders, each Glu independent non-employee director will receive an additional equity award of (1) a restricted stock unit (“RSU”) award covering 25,000 shares of our common stock and (2) an option to purchase 50,000 shares of our common stock. Both the stock option and RSU award will vest on the earlier to occur of (a) the first anniversary of the grant date and (b) the date of our next annual meeting of stockholders that follows the grant date. About the time he or she joins the Board, each new independent non-employee director will receive an initial equity award of, at that director’s discretion, either (a) a grant of 20,000 shares of restricted stock or (b) an immediately exercisable option to purchase 60,000 shares of our common stock. In either case the award will vest as to 33 1/3% of the shares on the first anniversary of the grant date and thereafter vest pro rata monthly over the next 24 months.