Schedule of Compensation for Non-Employee Directors and Chairman of the Board

Summary

This document outlines the compensation structure for non-employee directors and the Chairman of the Board. Non-employee directors receive annual retainers, meeting fees, and may be granted restricted stock or stock options at the discretion of the Compensation Committee or Board. The Chairman receives a monthly consulting fee and may also receive annual stock option and restricted stock grants, also subject to committee or board discretion. Fees vary based on committee roles and participation method (in-person or by phone).

EX-10.58 2 h45069exv10w58.htm DIRECTOR COMPENSATION exv10w58  

Exhibit 10.58
Schedule of Compensation for Non-Employee Directors
     
Annual Retainer
  $10,000
Committee Chairman Annual Retainer:
   
Audit Committee
  $12,500
Compensation Committee
  $  6,000
Committee Member Annual Retainer
   
Audit Committee
  $  7,500
Compensation Committee
  $  4,000
Regular Board Meeting Fee
  $  2,500(1)
Special Board Meeting Fee
  $  1,000(2)
Committee Meeting Fee
  $  1,000(3)
New Member Restricted Stock/Stock Option
  (4)
Award Grant (#)
   
Committee Chairman Restricted Stock Award
   
Audit Committee (#)
  (4)
Compensation Committee (#)
  (4)
Nominating Committee (#)
  (4)
Committee Member Restricted Stock Award
   
Audit Committee (#)
  (4)
Compensation Committee (#)
  (4)
Annual Director Stock Option Grant
  (4)
Annual Director Restricted Stock Grant
  (4)
 
(1)   The fee is $1,000 if participation is by telephone.
 
(2)   The fee is $500 if participation is by telephone.
 
(3)   The fee is $500 if participation is by telephone.
 
(4)   Any award is at the discretion of the Compensation Committee or Board of Directors.

 


 

Schedule of Compensation for
Chairman of the Board of Directors
         
Consulting Arrangement
  $15,000/month
Annual Stock Option Grant
    (1 )
Annual Restricted Stock Grant
    (1 )
 
(1)   Any award is at the discretion of the Compensation Committee or Board of Directors.

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