Summary of Compensation Payable to Non-Employee Directors
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Summary
This document outlines the compensation structure for non-employee directors of the company. Non-employee directors receive an annual retainer of $26,000, plus additional fees for attending board and committee meetings. Fees vary depending on the type of meeting and whether the director serves as a committee chairman. The agreement specifies the amounts paid for in-person and telephonic meetings for each committee, ensuring transparency in director compensation.
EX-10.1 2 dex101.htm SUMMARY OF COMPENSATION PAYABLE TO NON-EMPLOYEE DIRECTORS Summary of Compensation Payable to Non-Employee Directors
Exhibit 10.1
Summary of Compensation Payable to Non-Employee Directors
| Annual Retainer: | $26,000 | |
| Board Meeting Attendance Fee: | $1,100 per meeting attended | |
| Audit Committee Attendance Fee: | $1,100 per meeting attended and $550 per telephonic meeting attended | |
| Audit Committee Chairman Attendance Fee: | $2,200 per meeting attended and $1,100 per telephonic meeting attended | |
| Compensation Committee Attendance Fee: | $1,100 per meeting attended | |
| Compensation Committee Chairman Attendance Fee: | $2,200 per meeting attended | |
| Nominating and Corporate Governance Committee Attendance Fee: | $1,100 per meeting attended | |
| Nominating and Corporate Governance Committee Chairman Attendance Fee: | $2,200 per meeting attended | |
