eBay 2004 Annual Report Download - page 79

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granted under the Directors Plan vest as to 25% of the shares on the Ñrst anniversary of the date of grant and
as to
1
/
48
of the shares each month thereafter, provided the optionee continues as a director or consultant of
eBay.
Non-employee directors are paid a retainer of $50,000 per year, the chairman of the Audit Committee
receives an additional $10,000 per year, and all other committee chairs receive an additional $5,000 per year.
Each non-employee director also receives meeting fees of $2,000 for each Board meeting and $1,000 for each
committee meeting. During 2004, in connection with travel to Board meetings, the company purchased
commercial airfare for the spouses of Mr. Anderson and Mr. Schlosberg valued at approximately $8,800 and
$7,300, respectively.
Compensation Committee Interlocks and Insider Participation
The members of the Compensation Committee of our Board are Philippe Bourguinon, Robert C. Kagle,
and Thomas J. Tierney. No member of our Board's Compensation Committee is or was formerly an oÇcer or
an employee of eBay. No interlocking relationship exists between our Board and its Compensation Committee
and the board of directors or compensation committee of any other company, nor has such interlocking
relationship existed in the past.
Mr. Kagle, a member of our Compensation Committee, is a member of the general partner of certain
venture capital funds that beneÑcially hold greater than a 10% equity interest in Business.com, Inc. In late
2003, we entered into an advertising and related services agreement with Business.com, Inc., under which we
incurred fees of approximately $80,000 in 2004 and under which we currently expect to incur a similar amount
of fees in 2005. We believe this transaction was made on terms no less favorable to us than we could have
obtained from unaÇliated third parties.
77