Annual Director Compensation Policy Adopted July 21, 2009
This document outlines the annual compensation structure for members of the Board of Directors, including fees for board service, lead director duties, and committee participation. Directors receive both cash fees and equity awards, with additional compensation for serving as committee members or chairs. The policy specifies exact amounts for each role and type of compensation, and was adopted on July 21, 2009.
Exhibit 10.1
Annual Director Compensation
| Board of Directors: |
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| Board of Directors Annual Fee |
| $ | 80,000 |
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| Lead Director Annual Fee |
| $ | 100,000 |
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| Board of Directors Annual Equity Award Stock Options — Black Scholes Value |
| $ | 120,000 |
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| Deferred Compensation Plan Stock Units — Grant Date Fair Market Value Based on Closing Price |
| $ | 80,000 |
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| Committees: |
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| Audit Committee Membership Annual Fee |
| $ | 20,000 |
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| Audit Committee Chair Annual Fee |
| $ | 35,000 |
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| Compensation Committee Membership Annual Fee |
| $ | 17,000 |
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| Compensation Committee Chair Annual Fee |
| $ | 20,000 |
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| Nominating and Governance Committee Membership Annual Fee |
| $ | 13,000 |
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| Nominating and Governance Committee Chair Annual Fee |
| $ | 15,000 |
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Adopted July 21, 2009
