Summary ofAudit Committee Chairman Compensation (Effective January 1, 2006)
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Human Resources
- Compensation Agreements
EX-10.5 12 a05-18411_1ex10d5.htm MATERIAL CONTRACTS
Exhibit 10.5
Summary of Audit Committee Chairman Compensation
(Effective January 1, 2006)
The Audit Committee Chairperson of Fieldstone Investment Corporation is paid the following fees:
| Annual retainer |
| $40,000 |
| Annual retainer for Audit Committee Chairman |
| $10,000 |
| Fee for each board and committee meeting attended in person |
| $2,500 ($5,000 per meeting for the Chairman of the Board or of the Committee) |
| Fee for each board and committee meeting attended telephonically |
| $1,250 ($2,500 per meeting for the Chairman of the Board or of the Committee) |
Non-employee directors are reimbursed for their reasonable travel expenses incurred in connection with their attendance at board meetings.
