EXHIBIT 10.20 COMPENSATION FOR NON-EMPLOYEE DIRECTORS
EXHIBIT 10.20
COMPENSATION FOR NON-EMPLOYEE DIRECTORS
On December 6, 2005, the Board of Directors approved a change to the fees payable to Board members who are not employees of the Company for services rendered as a director. The fee structure for fiscal 2005 and the revised fee structure for fiscal 2006 are as follows:
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|
| Fiscal 2005 |
| Fiscal 2006 |
| ||
|
|
| | |
| | |
|
| Annual fee |
| $ | 20,000 |
| $ | 25,000 |
|
| Attendance at each Board of Directors meeting |
| $ | 1,250 |
| $ | 1,250 |
|
| Audit Committee Chairperson Fee for each Audit Committee meeting attended |
| $ | 1,000 |
| $ | 1,000 |
|
| Lead Director Fee for each Board of Directors meeting attended |
| $ | 1,000 |
| $ | 1,000 |
|
| Attendance at a Committee Meeting on a date other than a regularly scheduled Board or Committee meeting date |
| $ | 1,000 |
| $ | 1,000 |
|
