Summary of Compensation Payable to Non-Employee Directors
This document outlines the compensation structure for non-employee directors of the company. Non-employee directors receive an annual retainer of $24,000, plus additional fees for attending board and committee meetings. The 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 various committees, including Audit, Compensation, and Nominating and Corporate Governance Committees.
Exhibit 10.1
Summary of Compensation Payable to Non-Employee Directors
| Annual Retainer: | $24,000 | |
| 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 telephone 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 | |
