Non-Employee Director Compensation Schedule Effective July 18, 2005

Contract Categories: Human Resources › Compensation Agreements
Summary

This document outlines the compensation structure for non-employee directors of the company, effective July 18, 2005. It specifies the fees paid for quarterly retainers, attendance at board and committee meetings (in person or by phone), and additional fees for serving as a chair or member of various committees. It also includes compensation for unanimous written consents. The agreement details the amounts paid for each role and activity, ensuring transparency in director compensation.

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EX-10.5 6 v11759exv10w5.htm EXHIBIT 10.5 exv10w5  

EXHIBIT 10.5
NON-EMPLOYEE DIRECTOR COMPENSATION
Effective July 18, 2005
         
BOARD OF DIRECTORS FEES
        
 
        
Quarterly Retainer
   $ 1,750.00  
 
        
Meetings (Attended in person)
   $ 2,000.00  
 
        
Meetings (Attended telephonically)
   $ 750.00  
 
        
Chair Fee:
   $ 250.00  
 
        
COMMITTEE CHAIR FEES
        
 
        
Audit Committee
   $ 1,250.00  
 
        
Compensation Committee
   $ 1,250.00  
 
        
Nomination & Governance Committee
   $ 500.00  
 
        
COMMITTEE MEMBER FEES
        
 
        
Audit Committee
   $ 1,000.00  
 
        
Compensation Committee
   $ 1,000.00  
 
        
Nomination & Governance Committee
   $ 1,000.00  
 
        
CHAIR FEES ARE FOR IN-PERSON OR TELEPHONIC ATTENDANCE
        
 
        
UNANIMOUS WRITTEN CONSENT FEE
        
 
        
Each Consent (Board or Committee)
   $ 750.00