Overstock.com 2009 Annual Report Download - page 155

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Exhibit 10.29
Summary of Unwritten Compensation Arrangements
Applicable to Non-Employee Directors of Overstock.com, Inc.
The Company pays its non-employee directors $60,000 annually, at the rate of $15,000 per quarter. The Company also grants restricted stock units to
directors, generally at the first Board meeting after the director first joins the Board, and periodically thereafter. In 2009, the Company granted restricted stock
units to non-employee directors as follows:
Name Grant Date
Number of
Restricted Stock
Units Granted(1)
Allison H. Abraham May 6, 2009 7,500
Barclay F. Corbus May 6, 2009 7,500
Joseph J. Tabacco, Jr. May 6, 2009 7,500
James V. Joyce(2) January 13, 2009 10,000
Each restricted stock unit represents a contingent right to receive one share of Overstock.com, Inc. common stock. The
restricted stock units vest as to 25% at the close of business on the first anniversary of the date of grant, 25% at the
second anniversary of the date of grant , and the remaining 50% at the third anniversary of the date of grant. Vested
shares are delivered promptly after the restricted stock units vest.
Mr. Joyce also served as a consultant to the Company, and also joined the Company's board of directors on January 14,
2008. Mr. Joyce resigned from the Board on April 1, 2009.
(1)
(2)
The Company also reimburses directors for out-of-pocket expenses incurred in connection with attending Board and committee meetings. Haverford
Valley, L.C., an affiliate of the Company, and certain affiliated entities which make travel arrangements for the Company's executives, also occasionally make
travel arrangements for directors to attend Board meetings, for which the Company reimburses Haverford Valley at rates not in excess of commercially
available airline rates.