Independent Director Compensation Program as of July 14, 2010
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Summary
This agreement outlines the compensation program for independent directors of the company as of July 14, 2010. Independent directors receive an annual retainer of $75,000, with additional fees for serving on committees: $25,000 for audit committee members, an extra $15,000 for the audit committee chair, and $15,000 for nominating and corporate governance committee members. Equity awards may also be granted at the discretion of the board of directors. The program specifies the structure and amounts of compensation for independent board members.
EX-10.15 4 a2202142zex-10_15.htm EX-10.15
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Exhibit 10.15
INDEPENDENT DIRECTOR COMPENSATION PROGRAM
As of July 14, 2010
- 1.
- Annual Retainer: $75,000.
- 2.
- Committee Fees: audit committee member$25,000, audit committee chairadditional $15,000, nominating and corporate governance committee member$15,000.
- 3.
- Equity Awards. To be determined from time to time by the board of directors.
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- Exhibit 10.15