Annual Director Compensation Schedule for Board and Committee Members
This document outlines the annual compensation structure for members of the Board of Directors, including fees for attending meetings, serving as Lead Director, and participating in or chairing various committees. Directors receive annual and per-meeting fees, with additional compensation for committee roles and an annual stock option award. The agreement specifies the amounts paid for each role and type of meeting attendance, ensuring transparency in director compensation.
Exhibit 10.1
Annual Director Compensation
Board of Directors:
| Board of Directors Annual Fee |
| $ | 50,000 |
|
| Board of Directors Quarterly Meeting Fee (attendance in person) |
| $ | 2,500 |
|
| Board of Directors Quarterly Meeting Fee (telephonic attendance) |
| $ | 1,250 |
|
| Lead Director Annual Fee |
| $ | 100,000 |
|
| Board of Directors Annual Option Award |
| 11,250 |
| |
Committees:
| Audit Committee Membership Annual Fee |
| $ | 20,000 |
|
| Audit Committee Chair Annual Fee |
| $ | 35,000 |
|
| Compensation Committee Membership Annual Fee |
| $ | 17,000 |
|
| Compensation Committee Chair Annual Fee |
| $ | 20,000 |
|
| Nominating and Governance Committee Membership |
|
|
| |
| Annual Fee |
| $ | 13,000 |
|
| Nominating and Governance Committee Chair Annual Fee |
| $ | 15,000 |
|
