Directors Compensation
Directors’ Compensation
The aggregate compensation paid by the Company and its subsidiaries to the Company’s directors and senior executive management, including former directors and executive officers, in fiscal 2007 totaled approximately US$2.1 million, which was paid by the Company’s subsidiaries. Amounts paid include salary and pension, severance, retirement and other similar benefits.
The following table sets forth information concerning the options outstanding to the Company’s current directors and senior executive management as of January 31, 2007:
| Name | # Options Outstanding | Exercise Price (US$) | Expiration Date |
|---|---|---|---|
| R. Paul Byrne | 565,294 | 2.22-5.82 | 2009-2013 |
| Cyril P. McGuire | 244,167 | 2.22-4.71 | 2009-2012 |
| Kevin C. Shea | 166,250 | 2.05-7.28 | 2008-2013 |
| Trevor D. Sullivan | 45,000 | 3.19-5.40 | 2008-2013 |
| Robert M. Wadsworth | 90,000 | 2.22-5.40 | 2008-2013 |
| Dr. Jim Mountjoy | 65,000 | 3.19-5.29 | 2011-2013 |
| John M. Harte | 250,000 | 1.07-4.71 | 2009-2013 |
| Edward Gallo | 50,000 | 3.87 | 2013 |
| Joseph Seery | 6,535 | 1.47-4.66 | 2009-2011 |
| David A. Colf | 45,000 | 3.19-5.81 | 2012-2013 |
We have entered into indefinite term employment agreements with each of Cyril P. McGuire, R. Paul Byrne, John M. Harte, Joseph Seery and David Colf under which each receives an annual base salary, an annual bonus and all standard benefits accorded to the Company’s other executives. In addition, each of these executives will be entitled to participate in and receive options from the Company’s employee share option schemes.
We do not currently have any outstanding loans to any of the Company’s executive officers or directors. In addition, we do not currently have any outstanding guarantees for the benefit of any of the Company’s executive officers or directors.
Historical information on Directors’ Compensation can be found in Trintech’s most recent 20-F document filed with the U.S. Securities and Exchange Commission (SEC).