Summary of Non-Employee Directors Compensation Program

EX-10.1 2 j1075801exv10w1.htm EX-10.1 Exhibit 10.1

Exhibit 10.1

Summary of Non-Employee Directors’ Compensation Program


Annual Retainer		$56,500

Committee Chair Retainer		Audit Committee -$10,000
		Compensation Committee -$7,500
		Other Committees -$5,000

Stock-based Awards		$50,000 annual value
(to be granted at each reorganization		80% allocated to restricted shares
meeting or pro-rated for any mid-year		that vest on the first re-election of a
director appointment)		director following the award date

		20% allocated to stock options with an
		exercise price equal to the fair market value
		of Company stock on the date of grant and
		vesting on the first re-election of a director
		following the award date