Non-Employee Director Cash Compensation Arrangements
This document outlines the cash compensation structure for non-employee directors of the company. It specifies annual retainers for board members and additional amounts for chairpersons of the board and key committees. Directors are also paid fees for attending various types of board and committee meetings, with amounts varying based on the meeting type and format. Payments are made quarterly in arrears. The arrangement ensures transparent and structured compensation for directors' service and participation.
EXHIBIT 10.14
CASH COMPENSATION ARRANGEMENTS WITH NON_EMPLOYEE DIRECTORS
| Annual Retainer*: |
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| Board Members |
| $ | 25,000 |
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| Chairman of the Board (additional) |
| $ | 15,000 |
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| Audit Committee Chairperson (additional) |
| $ | 7,500 |
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| Compensation Committee Chairperson (additional) |
| $ | 5,000 |
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| Corporate Governance and Nominating Committee Chairperson (additional) |
| $ | 5,000 |
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* Paid quarterly in arrears.
| Meeting Fees: |
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| Board of Directors |
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| Annual offsite regular meeting |
| $ | 2,500 |
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| Regular meeting |
| $ | 1,000 |
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| Special (telephonic) |
| $ | 500 |
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| Audit Committee |
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| Regular meeting |
| $ | 2,500 |
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| Special (in person) |
| $ | 1,000 |
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| Special (telephonic) |
| $ | 750 |
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| Compensation Committee |
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| Regular meeting |
| $ | 2,000 |
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| Special |
| $ | 750 |
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| Corporate Governance and Nominating Committee |
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| Regular meeting |
| $ | 2,000 |
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| Special |
| $ | 750 |
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