COMPENSATION TO OUTSIDE DIRECTORS
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Human Resources
- Compensation Agreements
EX-10.13 6 dex1013.htm COMPENSATION TO OUTSIDE DIRECTORS Compensation to Outside Directors
Exhibit 10.13
COMPENSATION TO OUTSIDE DIRECTORS
| 2006 | 2005 | |||||
| Annual Retainer Fee: | $ | 25,000 | $ | 25,000 | ||
| Annual Fee for Committee Chairmanships: | $ | 5,000 | $ | 5,000 | ||
| Attendance Fee for Board Meetings (includes telephonic attendance): | $ | 2,500 | $ | 2,500 | ||
| Attendance Fee by Committee Member at Committee Meeting (includes telephonic attendance): | $ | 1,000 | $ | 1,000 | ||
All reasonable out-of-pocket travel expenses, which are incurred in connection with Board and Committee meetings will be reimbursed. In addition, the Outside Directors received $50,000 in stock grants in 2005 for prior service. The Outside Directors will receive stock grants in the future.
