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

Contract Categories: Human Resources - Compensation Agreements
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.