Exhibit 10.3

 

XTIA Non-Executive Board Member Compensation Policy

 

Cash Retainer   Stock Awards   Committee Compensation   Chair Compensation  

Annual fee of $50,000 payable in quarterly installments in arrears

 

 

   Annual grant of stock options with a fair market value equal to the cash compensation received in annual retainer and committee fees  

Annual fees, payable in quarterly installments in arrears:

 

Member of Nominating and Corporate Governance Committee: $5,000

 

Member of Compensation Committee: $7,500

 

Member of Audit Committee: $10,000

  

Annual fees, payable in quarterly installments in arrears:

 

Chair of Nominating and Corporate Governance Committee: $10,000

 

Chair of Compensation Committee: $15,000

 

Chair of Audit Committee: $20,000

 

Chair of Board: N/A