Google to pay cash to some board members

* Google non-employee directors to get $75,000 retainer

* $500,000 stock grant for certain fully-vested directors

SAN FRANCISCO, Aug 7 (Reuters) - Some Google Inc (GOOG.O)
board members will get an annual cash payment, providing a
regular compensation for directors whose equity grants are
fully vested, the company said on Friday.

Non-employee board members will get a yearly retainer of
$75,000 and an annual grant of $350,000 in Google stock units
once their previously issued equity grants are fully vested,
the Internet search company said in a regulatory filing.

Google previously did not pay board members in cash.

"Our directors who are fully vested are functionally not
being compensated," said Google spokeswoman Jane Penner. "In
order to continue providing them appropriate compensation,
we've put in place a traditional compensation structure similar
to that used by many of our peers."

Non-employee directors whose equity grants were fully
vested as of July 7, including Intel Corp (INTC.O) Chief
Executive Paul Otellini and ex-Genentech CEO Arthur Levinson,
recently received a one-time grant of $500,000 in Google stock
units, the company said.

Non-employee directors whose grants are not yet fully
vested will receive a $500,000 one-time stock unit grant on the
first Wednesday of the month following the final vesting date
of previous equity grants.

Google will pay the annual cash retainer and stock unit
grants following

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