Annual Compensation Schedule for Non-Employee Directors (2010)
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Summary
This document outlines the annual compensation for non-employee directors Martin S. Friedman, Thomas M. Kody, John W. Edgemond IV, and James L. Jadlos for the years 2008, 2009, and 2010. For 2010, each non-employee director will receive a $36,000 retainer, paid in quarterly installments after each fiscal quarter. The agreement specifies the payment schedule and amounts for each director.
EX-10.5 3 v178926_ex10-5.htm
Exhibit 10.5
Annual Compensation of Non-Employee Directors
| Name/Position | 2010 Retainer | 2009 Retainer | 2008 Retainer | |||||||||
| Martin S. Friedman, Non-Employee Director | $ | 36,000 | $ | 12,000 | $ | - | ||||||
| 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, Non-Employee Director | $ | 36,000 | $ | 36,000 | $ | 36,000 | ||||||
The Non-Employee Directors will be paid the 2010 retainer in quarterly installments in the month following the end of each fiscal quarter.
