Compensation Effective January 1, 2010 Previous Compensation Base compensation, per annum $ 30,000 $ 25,000 Attendance fee per meeting 1,000 -- Additional annual compensation for Chairman of the Audit Committee 5,000 5,000 Additional annual compensation for Chairman of the Compensation Committee 2,500 -- Additional annual compensation for Chairman of the Nominating and Corporate Governance Committee 2,500 --
EX-10.11 2 ex10_11.htm EXHIBIT 10.11 ex10_11.htm
EXHIBIT 10.11
During the Company’s Board of Directors meeting held on November 16, 2009, the Board approved compensation increases paid to non-employee directors. The following table reflects the compensation effective January 1, 2010, and the compensation previously paid to non-employee Directors.
| Compensation Effective January 1, 2010 | Previous Compensation | |||||||
| Base compensation, per annum | $ | 30,000 | $ | 25,000 | ||||
| Attendance fee per meeting | 1,000 | -- | ||||||
| Additional annual compensation for Chairman of the Audit Committee | 5,000 | 5,000 | ||||||
| Additional annual compensation for Chairman of the Compensation Committee | 2,500 | -- | ||||||
| Additional annual compensation for Chairman of the Nominating and Corporate Governance Committee | 2,500 | -- | ||||||
