Schedule of Compensation for Non-Employee Directors
Exhibit 10.46
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 Award Grant (#) | (4) | |||
| 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 | $ | 12,000/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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