Non-Employee Director Annual Compensation Schedule (2012–2014)
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Summary
This document outlines the annual compensation for non-employee directors of the company for the years 2012, 2013, and 2014. It lists the names of the directors and the corresponding annual retainer amounts for each year. The 2014 retainer will be paid in quarterly installments after each fiscal quarter. The agreement ensures that non-employee directors receive specified compensation for their service on the board.
EX-10.5 2 v370597_ex10-5.htm EXHIBIT 10.5
Exhibit 10.5
Annual Compensation of Non-Employee Directors
| Name/Position | 2014 Retainer | 2013 Retainer | 2012 Retainer | |||||||||
| Martin S. Friedman, Non-Employee Director | $ | 36,000 | $ | 36,000 | $ | 36,000 | ||||||
| Thomas M. Kody, Non-Employee Director | $ | 36,000 | $ | 36,000 | $ | 36,000 | ||||||
| John W. Edgemond IV, Non-Employee Director | $ | 36,000 | $ | 36,000 | $ | 36,000 | ||||||
| J. Randolph Babbitt, Non-Employee Director | $ | 36,000 | $ | 36,000 | $ | 12,000 | ||||||
| James L. Jadlos, Chairman and Non-Employee Director | $ | 48,000 | $ | 48,000 | $ | 48,000 | ||||||
| Michael G. Anzilotti, Non-Employee Director | $ | 33,000 | $ | - | $ | - | ||||||
The Non-Employee Directors will be paid the 2014 retainer in quarterly installments in the month following the end of each fiscal quarter.
