Board of Directors Annual Retainer Summary Sheet (Effective 1/1/05)

Contract Categories: Human Resources › Compensation Agreements
Summary

This document outlines the annual compensation for members of the Board of Directors, effective January 1, 2005. It specifies an annual retainer of $25,000 for board members, with additional fees for committee chairs: $20,000 for the Finance and Audit Committee, and $10,000 each for the Compensation and Management Development Committee and the Corporate Governance Committee. Non-chair members of the Finance and Audit Committee receive a $5,000 annual fee. There are no changes to per meeting fees or equity awards.

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EX-10.42 3 b53275biexv10w42.txt EX-10.42 BOARD OF DIRECTORS - ANNUAL RETAINER SUMMARY SHEET . . . Exhibit 10.42 Exhibit A ANNUAL RETAINER SUMMARY SHEET
PROPOSED CURRENT (EFFECTIVE AS OF 1/1/05) ------- ------------------------ ANNUAL RETAINER $20,000 $ 25,000 COMMITTEE CHAIR FEES - -- FINANCE AND AUDIT 0 $ 20,000 - -- COMPENSATION AND MANAGEMENT DEVELOPMENT 0 $ 10,000 - -- CORPORATE GOVERNANCE 0 $ 10,000 ANNUAL FINANCE AND AUDIT COMMITTEE ANNUAL FEE (EXCEPT CHAIR) 0 $ 5,000
No change to per meeting fee or equity awards 110007-1 HARSHBAB