Summaryof Director Compensation
EX-10.12 3 ex10-12.htm SUMMARY OF DIRECTOR COMPENSATION ex10-12.htm
Exhibit 10.12
Summary of Director Compensation
| Description | Amount* |
| Annual Retainer | $20,000 |
| Fee per meeting for attendance (in person or telephonically) at any of the five (5) regularly scheduled Board meetings | $3,000 |
| Annual Restricted Stock Award | $100,000 |
| Lead Independent Director | $ 12,500 |
| Annual Audit Committee Chair Fee | $10,000 |
| Annual Compensation Committee Chair Fee | $5,000 |
| Annual Nominating/Corporate Governance Committee Chair Fee | $2,500 |
| Fee per meeting for attendance (in person or telephonically) at any meeting of the Board called to address a significant issue(s) outside of the normal course of business | $2,500 per meeting |
| Fee per meeting for attendance (in person or telephonically) at any committee meeting called to address a significant issue(s) outside of the normal course of business | $1,250 per meeting |
_______________
* The compensation referred to in the above table is only available to independent directors.
