Board Compensation Terms for Directors

Summary

This document outlines the compensation structure for board members, including an annual cash retainer of $50,000, additional fees for the Lead Independent Director, Audit Committee Chair, and Compensation Committee Chair, as well as meeting fees for committee attendance. Directors also receive a grant of 12,000 non-qualified stock options with a one-year vesting period. The agreement specifies the amounts and conditions under which these compensations are paid.

EX-10.13 2 a2152761zex-10_13.txt EX-10.13 Exhibit 10.13 BOARD COMPENSATION o annual cash retainer of $50,000 o Lead Independent Director fee - $20,000 (inclusive of any and all committee fees) o Audit Committee Chair fee - $15,000 o Compensation Committee chair fee - $10,000 o $1,000 meeting fee for each committee meeting attended by a director (and $500 for each telephonic committee meeting attended, payable at the discretion of the committee chair) o option grant of 12,000 non-qualified stock options (one year vesting)