Summary of Current Director Compensation

Cash Compensation for Directors

Annual Retainer

$

45,000

For Each Board Meeting

$

1,500

For Each Telephone Board Meeting

$

1,000

For Each Committee Meeting

$

1,000

For Each Telephone Committee Meeting

$

750

For Serving as Chairman of the Audit Committee

$

20,000

For Serving as Chairman of the Compensation Committee

$

20,000

For Serving as Chairman of the Nominating and Corporate Governance Committee

$

10,000

Per Day for Special Assignments

$

1,000

For Serving as an Audit Committee Member

$

5,000

Equity Compensation for Directors

Annual Stock Option Grant upon Re-election to the Board

12,500

Initial Stock Option Grant upon Appointment or Election to the Board

30,000