Non-Employee Director Annual Compensation Schedule (2010–2012)
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Summary
This document outlines the annual compensation for non-employee directors of the company for the years 2010, 2011, and 2012. It lists the retainer amounts for each director, with most receiving $36,000 per year and the Chairman receiving a higher amount. The 2012 retainer will be paid in quarterly installments after each fiscal quarter ends.
EX-10.5 2 v306679_ex10-5.htm EXHIBIT 5
Exhibit 10.5
Annual Compensation of Non-Employee Directors
| 2012 | 2011 | 2010 | ||||||||||
| Name/Position | Retainer | Retainer | 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 | ||||||
| James L. Jadlos, Chairman and Non-Employee Director | $ | 48,000 | $ | 44,000 | $ | 36,000 | ||||||
The Non-Employee Directors will be paid the 2012 retainer in quarterly installments in the month following the end of each fiscal quarter.
