2008 Summary of Non-Employee Director Compensation
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EX-10.38 2 dex1038.htm SUMMARY OF NON-EMPLOYEE DIRECTOR COMPENSATION FOR FISCAL 2008 Summary of Non-employee Director Compensation for Fiscal 2008
EXHIBIT 10.38
2008 Summary of Non-Employee Director Compensation
Cash Compensation:
Annual Retainer for Non-Employee Directors (other than Chairman): $20,000
Annual Retainer for Non-Employee Chairman of the Board: $30,000
Annual compensation for service as Chairman of the Audit Committee: $7,500
Compensation per Board Meeting Attended In Person: $1000
Compensation per Board Meeting Attended by Telephone: $500
Reimbursement of reasonable travel and lodging expenses incurred in connection with attendance at Board meetings.
Equity Compensation (as provided in 2004 Director Stock Option Plan, as amended):
Initial Grant to Non-Employee Director: 10,000 shares of Common Stock
Annual Grant to Non-Employee Directors: 3,000 shares of Common Stock
