Board Compensation Plan dated January 26, 2006
EXHIBIT 10.61
Board Compensations*
2006
Title | **Restricted | Term | ||||
Matthew Schissler: |
| Chairman |
| 54,054 for 2006 |
| July 1, 2005- July, 1 2008 |
Joseph Vicente | Director | 54,054 for 2006 | January 1, 2006 – Dec 31, 2008 | |||
Stephen Weir | Director | 54,054 for 2006 | January 1, 2006 – Dec 31, 2008 | |||
Gayl Rogers-Chrysler | Director | 54,054 for 2006 | Aug 1, 2005- Aug 1 2008 | |||
Timothy McGrath | Director | 54,054 for 2006 | March 1, 2006 – March 1, 2009 |
____________
*
Via Board Resolution, discussed and voted upon on January 26, 2006
**
2006 Annual total based on the closing stock price on January 25, 2006 divided by $10,000.
Shares issued as compensation for one year of service in 2007 and 2008 will be based on the closing stock price of the last business day of 2006 and 2007, respectively, divided by $10,000.
