INTERNATIONAL ALUMINUMCORPORATION NON-EMPLOYEE DIRECTORCOMPENSATION Effective July 1,2005
Exhibit 10.3
INTERNATIONAL ALUMINUM CORPORATION
NON-EMPLOYEE DIRECTOR COMPENSATION
Effective July 1, 2005
| BOARD OF DIRECTORS FEES |
|
|
| |
| Quarterly Retainer – Chairman |
| $ | 37,500.00 |
|
| Quarterly Retainer |
| $ | 7,000.00 |
|
| Meeting Fees – Chairman |
| $ | 0.00 |
|
| Meeting Fees |
| $ | 500.00 |
|
|
|
|
|
| |
| COMMITTEE FEES |
|
|
| |
| Audit Committee Quarterly Retainer – Chair |
| $ | 3,000.00 |
|
| Audit Committee Quarterly Retainer – Member |
| $ | 2,000.00 |
|
| Meeting Fees – Chair |
| $ | 1,000.00 |
|
| Meeting Fees – Member |
| $ | 500.00 |
|
Effective July 1, 2006
| BOARD OF DIRECTORS FEES |
|
|
| |
| Quarterly Retainer – Chairman |
| $ | 37,500.00 |
|
| Quarterly Retainer |
| $ | 7,000.00 |
|
| Meeting Fees – Chairman |
| $ | 0.00 |
|
| Meeting Fees |
| $ | 1,000.00 |
|
|
|
|
|
| |
| COMMITTEE FEES |
|
|
| |
| Audit Committee Quarterly Retainer – Chair |
| $ | 5,000.00 |
|
| Audit Committee Quarterly Retainer – Member |
| $ | 2,000.00 |
|
| Meeting Fees – Chair |
| $ | 1,500.00 |
|
| Meeting Fees – Member |
| $ | 1,000.00 |
|
1
