EX-10.3 3 electro131350_ex10-3.htm SUMMARY OF COMPENSATION ARRANGEMENTS WITH DIRECTORS

EXHIBIT 10.3

SUMMARY OF COMPENSATION ARRANGEMENTS WITH DIRECTORS
2012 FISCAL YEAR

Electro-Sensors, Inc. (the “Company”) currently does not have a written Board compensation plan. For the 2012 fiscal year, the Board determined that each of the Company’s non-employee directors would receive a cash retainer fee of $1,250 per quarter for their services on the Board.

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