Summary of Non-Employee Director Compensation (as Amended)
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Summary
This document outlines the compensation structure for non-employee directors of the company. Non-employee directors receive an annual cash retainer, with a higher amount for the Chairman, additional compensation for serving as Audit Committee Chairman, and per-meeting fees based on attendance method. Directors are also reimbursed for reasonable travel and lodging expenses. Equity compensation includes an initial grant and annual grants of company common stock, as specified in the 2004 Director Stock Option Plan.
EX-10.1 2 a5070203ex10_1.txt EXHIBIT 10.1 Exhibit 10.1 Summary of Non-Employee Director Compensation, as Amended --------------------------------------------------------- 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: $5,000 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
