Document:

Exhibit
10.5

IHS Inc.

2004 Directors Stock Plan

Amended
and Restated

1. Purpose of this Plan.

        This
IHS Inc. 2004 Directors Stock Plan (as from time to time amended, this “Plan”) is a sub-plan under the
IHS Inc. 2004 Long-Term Incentive Plan (as from time to time amended, the “2004 LTIP”). Awards under this Plan shall
be granted in accordance with the 2004 LTIP, including Section 13 thereof,
and shall constitute Nonemployee Director Awards. Unless defined in this Plan,
capitalized terms shall have the same meanings ascribed to them in the 2004
Plan.

2. Effective Date; Eligibility.

        (a)   This
Plan is effective as of December 1, 2004 (the “Plan Effective Date”).

        (b)   Only
Nonemployee Directors shall be eligible to participate in this Plan.

3. Awards.

        (a)   On
December 29, 2004:

        (i)    Each
Nonemployee Director who was elected to the Board on or before
November 18, 2004 shall receive eight thousand (8,000) Shares of
Restricted Stock.

        (ii)   Each
Nonemployee Director who was elected to the Board on or after November 22,
2004 but prior to November 30, 2004 shall receive five thousand (5,000)
Shares of Restricted Stock.

        (iii)  Each
Nonemployee Director who was a Nonemployee Director as of December 1, 2004
shall receive four thousand five hundred (4,500) Shares of Restricted Stock, in
addition to the Shares of Restricted Stock that he may have received under
Sections 3(a)(i) or 3(a)(ii).

        (b)   On
each December 1, commencing with December 1, 2005:

(i) [deleted]

(ii)   Each
Nonemployee Director shall receive (A) an Award consisting of RSUs whose
underlying Shares shall have, on the date of grant, a FMV equal to $100,000
and (B) an annual retainer Award consisting of an amount in cash equal to $60,000,
which Cash-Based Award may be converted into deferred stock units (“DSUs”) in accordance with Section 4(c)
or deferred in accordance with Section 4(d); provided that he was duly elected to continue as a Director
at the annual meeting of stockholders of the Company immediately preceding such
December 1 (or pursuant to a written consent of the stockholders of the
Company in lieu thereof).

        (iii)  For
purposes of this Plan, “FMV”
means, in accordance with Section 2.19 of the Plan, the fair market value
of a Share, as determined in good faith by the Committee. In determining FMV,
the Committee may consider such valuation methodologies and factors as it deems
appropriate, which may include one or more of the methodologies and/or factors
listed in Exhibit A attached
hereto, and, if desired by the Committee, may take into consideration the
advice of third-party advisors.

        (c)   Any
Nonemployee Director who is elected to fill a vacancy or a newly created
directorship in the interim shall receive, effective as of the date of such
election, a prorated Award under Sections 3(a)(iii) or 3(b)(ii), as
applicable, based upon the number of full months he shall serve as a Director
between the month in which he is elected and the next December 1.

        (d)   All
Shares of Restricted Stock, RSUs, DSUs and Cash-Based Awards under this Plan
are subject to the terms and conditions set forth in Section 4.

        (e)   Each
Restricted Stock or RSU grant under this Plan shall be evidenced by an Award
Document. An acceptable form of an Award Document for a Restricted Stock grant
is attached hereto as Exhibit B,
and an acceptable form of an Award Document for a RSU grant is attached hereto
as Exhibit C.

(f)    Each Nonemployee Director shall receive on
the date he or she is elected to the Board for the first time a one-time Award
consisting of RSUs whose underlying Shares shall have, on the date of such
election, a FMV equal to $100,000.

4. Terms and Conditions of Awards.

        (a)    Restricted Stock.

        (i)    Shares
of Restricted Stock granted under Section 3(a) shall be unvested and
forfeitable until ten (10) days after the earlier of (x) the
Participant attains age fifty-five (55) and completes at least five
(5) years service as a Director or (y) the Participant resigns from
the Board or ceases to be a Director, in either case, by reason of the
antitrust laws, compliance with the Company’s conflict of interest policies,
death or Disability, at which time (the “Restricted
Stock Vesting Date”) such Shares shall be considered vested and
non-forfeitable. If a Participant terminates his service as a Director without
satisfying the conditions contained in clause (x) above and other than in
connection with an event described in clause (y) above, then (A) his
Restricted Stock shall be forfeited without any payment therefor and
(B) for purposes of Section 4.2 of the 2004 LTIP, the Shares of
Restricted Stock shall again be available for issuance under the 2004 LTIP.

For purposes of this Plan, “Disability”, with respect to a Nonemployee Director, shall
mean a mental or physical illness that renders him totally disabled for six
(6) consecutive months.

        (ii)   Shares
of Restricted Stock shall carry full voting and dividend rights; provided, however, that any cash dividends
with respect to any such Shares of Restricted Stock shall be reinvested in
Shares (“Dividend Shares”) and any
such Dividend Shares and any stock dividends with respect to any Shares of
Restricted Stock shall be subject to the same restrictions as the underlying
Shares of Restricted Stock.

        (iii)  Shares
of Restricted Stock shall not be sold, transferred, pledged, assigned or
otherwise alienated or hypothecated by a Participant until the Restricted Stock
Vesting Date; provided, however,
that they shall be transferable (A) by will or by the laws of descent and
distribution; or (B) to (1) a member of such Participant’s immediate
family (as defined in Rule 16a-1(e) under the Exchange Act); (2) a
trust in which one or more permitted transferees described in clause (1)
in

the aggregate have more then fifty percent (50%) of
the beneficial interest; (3) a foundation in which one or more of the
permitted transferees described in clause (1) and such Participant in the
aggregate control the management of the assets and (4) any other entity in
which one or more permitted transferees described in clause (1) and such
Participant in the aggregate own more then fifty percent (50%) of the voting
interests; provided that any
permitted transferees described in any of the foregoing four clauses shall be
subject to the same terms and conditions of this Award to which such
Participant is subject (e.g.,
restrictions on transfer, forfeiture, “put”, “call” and “drag-along” rights,
etc.).

        (iv)  Shares
of Restricted Stock shall be held for a Participant by the Company (or its
designee) and shall be evidenced by book-entry in the Company’s books. The
Participant in whose name such Shares are registered shall execute a stock
power or other instrument of assignment endorsed in blank which shall permit
transfer to the Company of all or any portion of such Shares that shall be
forfeited pursuant to Section 4(a)(i).

        (v)   By
receiving an Award of Restricted Stock, the Participant shall, to the extent
applicable, be deemed to (A) acknowledge that such Shares have not been
registered under the Securities Act or any other applicable securities or “blue
sky” laws; (B) represent and warrant that such Participant has acquired
such Shares without a view to the offer, offer for sale, or sale in connection
with, the distribution of such Shares, and that such Participant shall hold
such Shares indefinitely unless subsequently registered under the Securities
Act or such other applicable securities or “blue sky” laws, or unless exemption
from such registration is available; (C) acknowledge that the Company does
not currently file, and does not in the foreseeable future contemplate filing,
periodic reports in accordance with the provisions of Section 13 or 15(d)
of the Exchange Act; and (D) understand that the Company has not agreed to
register any of its securities for distribution in accordance with the
provisions of the Securities Act or to take any actions respecting the
obtaining of an exemption from registration for such securities or any
transaction with respect thereto.

        (vi)  To
the extent applicable, in addition to any other legend that may be required,
any certificate for Shares of Restricted Stock issued to a Participant shall
bear a legend in substantially the following form:

THIS SECURITY HAS NOT BEEN REGISTERED UNDER THE U.S.
SECURITIES ACT OF 1933, AS AMENDED, OR ANY FOREIGN OR STATE SECURITIES LAWS AND
MAY NOT BE OFFERED OR SOLD EXCEPT IN COMPLIANCE THEREWITH. IN ADDITION, THE
SALE OR TRANSFER OF THIS SECURITY REPRESENTED BY THIS CERTIFICATE, WHETHER
VOLUNTARY, INVOLUNTARY, OR BY OPERATION OF LAW, IS SUBJECT TO ADDITIONAL
RESTRICTIONS ON TRANSFER AS SET FORTH IN THE IHS INC. 2004 LONG-TERM
INCENTIVE PLAN (THE “2004 LTIP”), THE IHS INC. 2004 DIRECTORS STOCK PLAN
(THE “2004 DIRECTORS PLAN”), A SUB-PLAN OF THE 2004 LTIP AND THE RESTRICTED
STOCK AWARD AWARDED UNDER THE 2004 LTIP AND THE 2004 DIRECTORS PLAN, COPIES OF
WHICH MAY BE OBTAINED UPON WRITTEN REQUEST FROM IHS INC. OR ANY SUCCESSOR
THERETO.

        (vii) As
a condition to a Participant’s receiving an Award of Restricted Stock, he shall
be required to execute and deliver an irrevocable proxy in the form provided by
the Company, appointing Urvanos Investments Limited to vote the Shares that he
receives in connection with his Award and any other Shares that he owns as of
the date of the proxy or may acquire until the Expiration Date (as defined in
the proxy). The proxy shall automatically terminate on the Expiration Date.

        (b)    RSUs.

        (i)    Each
RSU granted under Section 3(b) shall represent a Participant’s right to
receive one Share, which right shall be unvested and forfeitable until the
first anniversary of the date of grant (the “RSU
Vesting Date”). If a Participant terminates his service as a
Director prior to the RSU Vesting Date, then (1) his RSUs shall be
forfeited without any payment therefor and (2) for purposes of
Section 4.2 of the 2004 LTIP, the Shares underlying such RSUs shall again
be available for issuance under the 2004 LTIP.

        (ii)   Following
the RSU Vesting Date, the Shares underlying a Participant’s RSUs shall be
delivered to him on the tenth (10th) day following his termination of
service as a Director for any reason, including for death or Disability (the “RSU Delivery Date”).

        (iii)  RSUs
shall carry no voting rights.

        (iv)  RSUs
shall be credited with Dividend Equivalents, which shall have the same unvested
or vested status as the underlying RSUs. Dividend Equivalents shall be paid out
in the form of Shares (or such other cash, securities or other property that
may be or become the consideration for such Shares in the event of an
acquisition of the Company or its successor) at the same time that the Shares
underlying the RSUs are delivered.

        (v)   RSUs,
and the Shares underlying such RSUs, may not be sold, transferred, pledged,
assigned or otherwise alienated or hypothecated by a Participant until the RSU
Delivery Date.

        (c)    DSUs.

        (i)    A
Participant may elect to convert his annual retainer Award into DSUs whose
underlying Shares shall have, on the date of grant, a FMV equal to $60,000; provided that such election is made before
the close of the calendar year preceding the calendar year in respect of which
the annual retainer Award is made. Each DSU shall represent such Participant’s
right to receive one Share, which right shall be fully vested and
non-forfeitable.

        (ii)   The
Shares underlying a Participant’s DSUs shall be delivered to him on the tenth
(10th) day
following his termination of service as a Director for any reason, including
for death or Disability (the “DSU Delivery
Date”).

        (iii)  DSUs
shall carry no voting rights.

        (iv)  DSUs
shall be credited with Dividend Equivalents, which shall also be fully vested and
non-forfeitable. Dividend Equivalents shall be paid out in the form of Shares
(or such other cash, securities or other property that may be or become the
consideration for such Shares in the event of an acquisition of the Company or
its successor) at the same time that the Shares underlying the DSUs are
delivered.

        (v)   DSUs,
and the Shares underlying such DSUs, may not be sold, transferred, pledged,
assigned or otherwise alienated or hypothecated by a Participant until the DSU
Delivery Date.

        (d)   Deferral of Annual Retainer Award. A
Participant may elect to defer payment of his annual retainer Award; provided that such election is made before
the close of the calendar year preceding the fiscal year in respect of which
the annual retainer Award is made. Such annual retainer Award shall be paid to
such Participant in accordance with his deferral election, which

 

date of payment
shall be (i) a specified date that is at least two (2) years
following the date of election, (ii) on the tenth (10th) day following his
termination of service as a Director for any reason, including for death or
Disability, (iii) the occurrence of an unforeseeable emergency resulting
in severe financial hardship, to the extent necessary to relieve the hardship
and pay any applicable taxes or (iv) in the event of a Change in Control; provided that for purposes of this
Section 4(d)(iv), if such payment is not permitted under the regulations
promulgated by the Treasury Secretary pursuant to federal legislation currently
referred to as the American Jobs Creation Act of 2004 (the “Jobs Act Regulations”), then such payment
shall be made in accordance with Section 4(d)(ii).

        (e)   ”Put”, “Call” and “Drag-Along” Rights.

        (i)    If
no Listing Event (as defined below) occurs on or prior to the Relevant Date (as
defined below), then each Participant shall have the one-time right and option
to sell to the Company, and to cause the Company to purchase, all of the Shares
held by him (including, for these purposes, any Shares underlying RSUs or DSUs)
as of such date (the “Put Right”).
The Put Right may be exercised by such Participant delivering written notice (a
“Put Notice”) to the Company
within twenty (20) calendar days following the Relevant Date (the “Put Deadline”) and shall expires at 11:59
pm of the Put Deadline. The Company shall, by written notice to such
Participant, fix a closing date (the “Put
Closing Date”) for the purchase, which shall be not less than two
(2) days after the date of receipt of the Put Notice. The Shares subject
to the Put Notice shall be purchased by the Company at a purchase price (the “Put Purchase Price”) equal to the FMV of
such Shares at the FMV Determination Date (as defined below) immediately
preceding the date of the Put Notice. The Put Purchase Price shall be payable
in cash on the Put Closing Date.

        (ii)   If
no Listing Event occurs on or prior to the Relevant Date, then the Company
shall have the exclusive one-time right and option to purchase from each
Participant, and to cause each Participant to sell, all or a portion of the
Shares held by you (including, for these purposes, any Shares underlying RSUs
or DSUs) as of such date (the “Call Right”).
The Call Right may be exercised by the Company delivering to such Participant
written notice (a “Call Notice”)
within twenty (20) calendar days following the Relevant Date (the “Call Deadline”) and shall expire at 11:59
pm of the Call Deadline. The Call Notice shall indicate the number of Shares
which the Company intends to purchase from such Participant and the closing
date (the “Call Closing Date”) for
the purchase, which shall be not less than two (2) days after the date of
the Call Notice. The Shares subject to the Call Notice shall be purchased by
the Company at a purchase price (the “Call
Purchase Price”) equal to the FMV of such shares at the FMV
Determination Date immediately preceding the date of the Call Notice. The Call
Purchase Price shall be payable in cash on the Call Closing Date.

        (iii)  Subject
to Section 4(e)(iv), in the event of a Change in Control, all Shares of
Restricted Stock shall vest in full and be free of restrictions (and, in the
case of RSUs and DSUs, a Participant’s right to receive the Shares underlying
such RSUs and DSUs, as applicable, shall be accelerated such that he shall
receive such Shares immediately prior to the closing of the acquisition
transaction (at which time such RSUs and/or DSUs shall automatically be
cancelled)), and such Participant shall participate in the acquisition to the extent
of and in the same manner as all other stockholders of the Company. If a Change
in Control occurs prior to a Listing Event, then the Company shall have the
exclusive right and option to require each Participant to sell or otherwise
transfer to the acquiring party(ies) effecting such Change in Control (the “Acquiror”) all or a portion of such Shares
held (including, for these purposes, any Shares underlying RSUs or DSUs) as of
the effective date of such Change in Control, in each case for the same consideration
per Share and on the same terms and conditions as all other Company

stockholders (the “Drag-Along
Right”). The Drag-Along Right may be exercised by the Company
delivering to such Participant written notice (the “Drag-Along Notice”), specifying the number of Shares which
will be sold or otherwise transferred by such Participant to the Acquiror, the
consideration per Share and the closing date for such sale or other transfer,
which shall be not less than two (2) days after the date of the Drag-Along
Notice. The Shares subject to the Drag-Along Notice shall be sold or otherwise
transferred to the Acquiror in accordance with the terms of the Drag-Along
Notice.

        (iv)  The
delivery date of any Shares underlying RSUs and DSUs shall accelerate only if
such acceleration is permitted under the Jobs Act Regulations. If the
acceleration of such delivery date is not permitted under such Jobs Act
Regulations, then on the tenth (10th) day following his termination of
service as a Director of the Company (or its successor) for any reason,
including for death or Disability, for each Share underlying RSUs or DSUs, as
applicable, a Participant shall receive the same per share consideration
received by the Company’s stockholders for each Share in the acquisition (at
which time such RSUs and/or DSUs shall automatically be cancelled).

        (v)   For
purposes of this Section 4(e), the following terms shall have definitions
set forth below:

        (A)  ”FMV Determination Date” means the
applicable date on which FMV is determined by the Committee for purposes of
this Section 4(e).

        (B)  ”Listing Event” means the occurrence of the
listing or quoting of Shares on any established stock exchange (including,
without limitation, the New York Stock Exchange) or a national market system
(including, without limitation, The Nasdaq National Market or The Nasdaq Small
Cap Market of The Nasdaq Stock Market) on which securities are listed or
quoted.

        (C)  ”Relevant Date” means, with respect to a
Participant (x) for purposes of Shares of Restricted Stock, such
Participant’s Restricted Stock Vesting Date and (y) for purposes of RSUs
and DSUs, the date that is the tenth (10th) day following such Participant’s
termination of service as a Director for any reason, including for death or
Disability.

5. Amendment, Termination, Suspension
and Termination.

Awards
under this Plan are subject to Article 19 of the 2004 LTIP.

6. Miscellaneous.

        (a)   No Right to Nomination. Nothing contained
in this Plan shall confer upon any Director the right to be nominated for
re-election to the Board.

        (b)   Duration of This Plan. Unless sooner
terminated as provided in this Plan, this Plan shall terminate ten
(10) years from the Plan Effective Date. After this Plan is terminated, no
Awards may be granted, but any Award previously granted shall remain
outstanding in accordance with the terms and conditions of this Plan and such
Award’s Award Document.

EXHIBIT A

VALUATION METHODOLOGIES

Under
specified circumstances, the Committee will determine the FMV of Shares in good
faith in its sole discretion. In order to determine FMV in the absence of a
public trading market, the Committee will consider the following methodologies
in determining FMV.

1.

A specific valuation calculation using the Discounted Future Returns
approach will be completed. This approach is based on historical and projected
financial performance, normalized for non-recurring gains and losses. This
methodology presumes that the value of the Company is equal to the present
value of projected future earnings, plus the present value of the estimated
residual worth.

2.

An analysis of the valuation of competitors and/or comparable public
company’s will be completed. This approach will emphasize the ratios of:
a) price to normalized EBITDA, b) price to normalized net income, and
c) price to sales. Consideration will then be given to whether any
adjustments are necessary to more closely align the valuation multiples with
the Company.

3.

The Committee will assess relevant economic and industry factors
applicable to each of the major divisions and consider their impact on
valuation.

4.

The Committee will assess whether there are other known purchase/ sale
transactions of analogous businesses or business segments where specific
information is public or otherwise available and assess the affect this
information may have on the valuation of the Company.

5.

The Committee will evaluate current offers to purchase the Company, if
any, and determine what effect this information may have on the valuation of
the Company.

6.

The Committee may consider the range of valuation of the Company’s
equity using one or more other equity valuation techniques, as such board (or
committee) deems appropriate. Such board (or committee) may also, if it deems
appropriate, take into consideration the advice of third party advisors.

7.

In the case of a Change in Control, the FMV of the Company will equal
the sale price received for the Company by the selling entity, net of
transaction expenses. In the event the Change in Control involves the sale of
the Company, together with affiliates that are not the Company’s subsidiaries,
such board (or committee) will determine in its sole discretion the amount of
the sale price allocable to the sale of the Company.

The
Committee will assess the range of valuations indicated by the above
methodologies and select what it deems to be the most representative indicator
of fair market value.

EXHIBIT B

IHS INC.

DIRECTORS STOCK PLAN

AWARD DOCUMENT—RESTRICTED STOCK

	
  Nonemployee Director Name:

  	
   

  	
  [Full Name]

  
	
   

  	
   

  	
   

  
	
  Address:

  	
   

  	
  [Address]

  
	
   

  	
   

  	
   

  
	
  Grant Date:

  	
   

  	
        /          /20   

  
	
   

  	
   

  	
   

  
	
  Number:

  	
   

  	
  ________ Shares of Restricted Stock

  
	
   

  	
   

  	
   

  
	
  FMV per Share:

  	
   

  	
  $             per
  Share

  
	
   

  	
   

  	
   

  
	
  Total FMV of

  Award:

  	
   

  	
  $             

  

 

	
  

  	
   

  	
  IHS INC.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  Name:

  	
   

  
	
   

  	
   

  	
   

  	
  Title:

  	
   

  

 

EXHIBIT C

IHS INC.

DIRECTORS STOCK PLAN

AWARD DOCUMENT—RSUs 

	
  Nonemployee Director Name:

  	
   

  	
  [Full Name]

  
	
   

  	
   

  	
   

  
	
  Address:

  	
   

  	
  [Address]

  
	
   

  	
   

  	
   

  
	
  Grant Date:

  	
   

  	
       /          /20   

  
	
  Number:                    
               

  	
   

  	
  ________ Shares underlying RSUs

  
	
   

  	
   

  	
   

  
	
  FMV per Share underlying

  RSUs:

  	
   

  	
  $               per
  Share

  
	
   

  	
   

  	
   

  
	
  Total FMV of

  Award:

  	
   

  	
  $               

  

 

	
  

  	
  IHS INC.

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:Exhibit 10.21

Summary of Nonemployee Director Compensation Program

IHS Inc.

Program Summary

Our nonemployee directors receive compensation for
their board service. Cash compensation is comprised of an annual cash retainer
of $60,000 (which may be converted into deferred stock units or deferred under
our directors stock plan, as described in our Annual Report on Form 10-K
under “Equity Compensation Plans—IHS Inc. 2004 Directors Stock Plan”) and a fee
of $1,500 per board or committee meeting attended, plus reimbursement for all
reasonably incurred expenses related to the meeting. Additionally, certain
directors may earn annual retainers as follows:  a $20,000 Audit Committee
chair retainer; a $20,000 Lead Independent Director retainer; a $10,000 committee
chair retainer for committees other than our Audit Committee; and a $5,000
Audit Committee member retainer.

In addition, on each December 1 of each year of
service, each nonemployee director shall receive an award consisting of
restricted stock units whose underlying shares shall have, on the date of
grant, a fair market value equal to $100,000. The annual equity award and cash
retainer are conditioned upon the nonemployee director, having reached the end
of his or her three-year term, being duly elected to continue as a Director at
the annual meeting of stockholders of the Company immediately preceding such
December 1 (or pursuant to a written consent of the stockholders of the Company
in lieu thereof). 

Each nonemployee director shall receive on the date he
or she is elected to the Board for the first time a one-time award consisting
of restricted stock units whose underlying shares will have, on the date of
grant, a fair market value (as defined in the plan) equal to $100,000 (rounded
to the nearest whole number of shares). All equity awards for nonemployee
directors will be issued pursuant to the IHS Inc. 2004 Directors Stock Plan.

We provide liability insurance for each of our
directors.

	
  

  	
   

  	
  Amount

  	
   

  
	
  Non-Employee
  Director

  	
   

  	
   

  	
   

  
	
  Annual Retainer

  	
   

  	
  $

  	
  60,000

  	
   

  
	
  Per Meeting Fee

  	
   

  	
  $

  	
  1,500

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Committee

  	
   

  	
   

  	
   

  
	
  Annual Retainer

  	
   

  	
   

  	
   

  
	
  Audit Committee
  Chairman

  	
   

  	
  $

  	
  20,000

  	
   

  
	
  Chairman other
  than Audit

  	
   

  	
  $

  	
  10,000

  	
   

  
	
  Audit Committee
  Member

  	
   

  	
  $

  	
  5,000

  	
   

  
	
  Per Meeting Fee

  	
   

  	
   

  	
   

  
	
  Chairman

  	
   

  	
  $

  	
  1,500

  	
   

  
	
  Member

  	
   

  	
  $

  	
  1,500

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Lead
  Independent Director

  	
   

  	
   

  	
   

  
	
  Annual Retainer

  	
   

  	
  $

  	
  20,000

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Equity

  	
   

  	
   

  	
   

  
	
  Newly Elected

  	
   

  	
  $

  	
  100,000

  	
   

  
	
  Annual (1)

  	
   

  	
  $

  	
  100,000

  	
   

  

 

(1)         
The revised annual equity grant for Fiscal Year 2006, pro-rated for the
remainder of the fiscal year, resulted in an additional $25,000 of common stock
being awarded to each non-employee director on July 6, 2006 (in lieu of
equity, $25,000 cash compensation was awarded to Mr. Klein).

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00116-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00116-of-00352.parquet"}]]