Schedule of Director Fees for Non-Employee Directors
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Summary
This document outlines the compensation structure for non-employee directors of the company. Non-employee directors receive an annual cash retainer, additional retainers for committee service, and fees for attending board and committee meetings. They are also granted restricted stock and stock options annually, with an initial grant of restricted stock upon joining. The agreement specifies the amounts and types of compensation but does not include time limits or other conditions.
EX-10.57 12 dex1057.htm SCHEDULE OF DIRECTOR FEES Schedule of Director Fees
Exhibit 10.57
SCHEDULE OF DIRECTOR FEES
Annual Retainers
| • | Non-Employee Directors: $45,000 |
| • | Audit Committee Members: $10,000 |
| • | Nominating & Governance Committee Members: $5,000 |
| • | Compensation Committee Members: $5,000 |
Fees for Meeting Attendance
| • | Board Meetings: $2,000 per meeting |
| • | Committee Meetings: $2,000 per meeting |
Equity Compensation for Non-Employee Directors
| • | Annual grant of 2,500 shares of restricted stock |
| • | Annual grant of 5,000 stock options |
| • | Initial grant of 5,000 shares of restricted stock |
