Summary of Non-Employee Director Compensation effective for 2015*
Exhibit 10.15
Summary of Non-Employee Director Compensation effective for 2015*
Directors, other than the Preferred Director, who are not employees of the Company or any of its subsidiaries and who do not have a compensatory agreement providing for service as a director of the Company or any of its subsidiaries will receive the following compensation for 2015:
| Annual retainer for each Director, paid quarterly in advance |
| $ | 35,000 |
|
| Additional annual retainer for Chairman of the Board, and the Chairs of the Compensation and Nominating and Governance Committees |
| $ | 5,000 |
|
| Additional annual retainer for Chair of the Audit Committee |
| $ | 15,000 |
|
The Company pays each director’s reasonable travel, lodging, meals and other expenses connected with their Board service.
