DIRECTORS COMPENSATION
EX-10.20 4 exhibit10-20.htm DIRECTORS COMPENSATION SUMMARY SHEET
Exhibit 10.20
DIRECTORS COMPENSATION
Non-employee Directors receive compensation for board service as follows:
| Annual Retainer | · | $65,000, paid in the form of restricted stock units of Common Stock | |
| · | $40,000, paid in the form of restricted stock units of Common Stock or in cash, at the option of the Director* | ||
| Attendance fees—Board meetings | $2,000 in cash, per meeting | ||
| Attendance fees—Committee meetings | $1,500 in cash, per meeting | ||
| Chairperson fees | $10,000 in cash, for Audit Committee | ||
| $5,000 in cash, for Executive Committee, Compensation Committee and Nominating/Corporate Governance Committee | |||
| Other | Options to purchase 5,000 shares of Common Stock per year | ||
* Effective following the Company’s 2007 Annual Meeting of Stockholders.
