PEROT SYSTEMS CORP
SUMMARY OF ARRANGEMENT FOR NON-EQUITY COMPENSATION OF NON-EMPLOYEE DIRECTORS
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<TYPE>EX-10.38
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<FILENAME>d31390exv10w38.htm
<DESCRIPTION>SUMMARY OF ARRANGEMENT FOR NON-EQUITY COMPENSATION OF NON-EMPLOYEE DIRECTORS
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<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><B>Exhibit&nbsp;10.38</B>
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<DIV align="center" style="font-size: 10pt; margin-top: 18pt">Non-Employee Director Compensation<BR>
<U>(Summary of Non-Equity Compensation)</U>
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    <TD width="5%">&nbsp;</TD>
    <TD width="75%">&nbsp;</TD>
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    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Element</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Amount</B></TD>
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    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Retainer
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    <TD>&nbsp;</TD>
    <TD align="left" valign="top">$45,000 annually. Directors have the option to
take all or part of this retainer as stock,
which will be valued at the closing price on
the New York Stock Exchange on the last trading
day of the fiscal quarter preceding the quarter
with respect to which payment is due.</TD>
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    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
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    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Board Meeting Fees
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">$2,000 per meeting</TD>
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    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
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    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Committee Meeting Fees
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">$1,000 per meeting</TD>
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    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
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    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Committee Chair Retainers
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Audit: $12,000 annually<BR>
HR &#038; Compensation: $5,000 annually<BR>
Nominating and Governance: $5,000 annually</TD>
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