Board of Directors Compensation Resolution (May 18, 2005)
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Summary
This document outlines the compensation policy for non-employee members of the Board of Directors, as approved by the Board on May 18, 2005. Each non-employee director will receive an annual cash payment of $12,000, plus an additional $2,000 for each quarterly board meeting attended in person. The policy was disclosed in the company's proxy statement filed with the SEC on April 14, 2005.
EX-10.1 2 d27884exv10w1.htm BOARD OF DIRECTORS COMPENSATION exv10w1
Exhibit 10.1
BOARD OF DIRECTORS COMPENSATION
As provided in our proxy statement filed with the Securities and Exchange Commission on April 14, 2005, our Board of Directors by a resolution adopted on May 18, 2005, approved an increase in non-employee director compensation by including a cash component of $12,000 per year for each non-employee board member plus $2,000 per each quarterly meeting that each non-employee director attends in person.
