Director Compensation Summary for Board and Committee Service

Summary

This document outlines the compensation structure for non-employee directors of the company. Directors receive annual retainers, fees for attending board and committee meetings (including telephonic meetings), and additional compensation for serving as committee chairs or members. Directors also receive stock option grants upon appointment, election, or re-election, with options vesting over two years. Additionally, directors are reimbursed for expenses related to attending meetings. The agreement specifies the amounts for each type of compensation and the vesting schedule for equity awards.

EX-10.6 7 a06-4415_1ex10d6.htm MATERIAL CONTRACTS

Exhibit 10.6

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

These options vest ratably every six months over a two-year period. In addition to the compensation listed in the table, non-employee directors are reimbursed for expenses incurred in attending Board, committee and stockholder meetings.