Annual Compensation Schedule for Non-Employee Directors (2007–2009)
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Summary
This document outlines the annual compensation for non-employee directors J. Randolph Babbitt, Thomas M. Kody, John W. Edgemond IV, and James L. Jadlos for the years 2007, 2008, and 2009. Each director receives a $36,000 annual retainer, with the 2009 retainer paid in quarterly installments after each fiscal quarter. The agreement specifies the payment schedule and amounts for these board members.
EX-10.5 2 w73406exv10w5.htm EXHIBIT 10.5 exv10w5
Exhibit 10.5
Annual Compensation of Non-Employee Directors
| 2009 | 2008 | 2007 | ||||||||||
| Name/Position | Retainer | Retainer | Retainer | |||||||||
J. Randolph Babbitt, 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, Non-Employee Director | $ | 36,000 | $ | 36,000 | $ | 36,000 | ||||||
The Non-Employee Directors will be paid the 2009 retainer in quarterly installments in the month following the end of each fiscal quarter.
