Summary Sheet of Non-Employee Director Compensation (Effective May 10, 2007)

Summary

This document outlines the compensation structure for non-employee directors of the company, effective May 10, 2007. Non-employee directors receive an annual cash retainer of $30,000, an annual deferred stock unit award valued at $55,000, and meeting fees for board and committee attendance. Additional annual retainers are provided for committee chairpersons and the lead director. All directors are reimbursed for out-of-pocket expenses related to attending board or committee meetings.

EX-10.3 2 dex103.htm SUMMARY SHEET OF COMPANY COMPENSATION TO NON-EMPLOYEE DIRECTORS Summary Sheet of Company compensation to Non-Employee Directors

Exhibit 10.3

Summary Sheet of Non-Employee Director Compensation

(Effective May 10, 2007)


1.	Annual Cash Retainer: $30,000

2.	Annual Deferred Stock Unit Award: $55,000 value

3.	Meeting Fees:

	• Board	$2,500 ($750 if attendance is by telephone)

	• Committee	$2,500 ($750 if attendance is by telephone)

4.	Committee Chairperson Annual Retainer:

	• Audit Committee Chairperson		$20,000

	• Other Committee Chairpersons		$10,000

5.	Lead Director Annual Retainer:		$20,000

6.	Reimbursement: All Directors, regardless of whether they are employees of the Company, receive reimbursement for out-of-pocket expenses incurred in connection with attending meetings of the Board of Directors, or any of its Committees.