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- 10-K Annual report
- 10 Mechanical Technology Incorproated - Exb 10.129 03/14/06
- 10 Mechanical Technology Incorproated - Exb 10.130 03/14/06
- 10 Mechanical Technology Incorproated - Exb 10.136 03/14/06
- 10 Mechanical Technology Incorproated - Exb 10.137 03/14/06
- 14 Mechanical Technology Incorproated - Exb 14.1 03/14/06
- 23 Mechanical Technology Incorproated - Exb 23 03/14/06
- 31 Mechanical Technology Incorproated - Exb 31.1 03/14/06
- 31 Mechanical Technology Incorproated - Exb 31.2 03/14/06
- 32 Mechanical Technology Incorproated - Exb 32.1 03/14/06
- 32 Mechanical Technology Incorproated - Exb 32.2 03/14/06
EXHIBIT 10.130
CASH COMPENSATION FOR
NON-MANAGEMENT DIRECTORS OF THE REGISTRANT
As of February 24, 2006, non-management directors of Mechanical Technology Incorporated (the "Registrant") receive a cash retainer of $16,000 per year and are reimbursed for reasonable travel and related expenses. The retainer is paid in four equal quarterly installments. In addition, 1) non-management directors receive options to purchase 20,000 shares of the Company's common stock , 2) the Chairman of the Audit Committee receives additional options to purchase 7,500 shares of the Company's common stock, 3) members of the Audit Committee each receive additional options to purchase 3,750 shares of the Company's common stock, 4) the Chairman of the Compensation, Nominating and Governance Committee receives additional options to purchase 5,000 shares of the Company's common stock, and 5) members of the Compensation, Nominating and Governance Committee each receive additional options to purchase 2,500 shares of the Company's common stock. All options are issued to directors on the date of the A nnual Meeting and are priced based on the closing price of the Company's stock on the Nasdaq National Market System on the date of grant and are immediately vested.