Compensation Arrangement for Special Litigation Committee Members (David E. Coreson and Patrick S. Jones)
This agreement outlines the compensation for David E. Coreson and Patrick S. Jones as members of the Special Litigation Committee of the Board of Directors. Each received a $10,000 retainer for their SLC service, in addition to standard director compensation, which includes a $20,000 annual retainer and fees for attending board and committee meetings, either in person or by phone.
Exhibit 10.1
Compensation Arrangements with Members of the Special Litigation Committee
The members of the Special Litigation Committee (the “SLC”) of the Board of Directors (the “Board”), David E. Coreson and Patrick S. Jones, were paid a retainer of $10,000 for their service as members of the SLC. This retainer is in addition to the following amounts paid to Mr. Coreson and Mr. Jones, as well as to the other non-employee directors of the Company, for serving as directors: an annual $20,000 retainer, $1,500 for each board meeting and $1,000 for each committee attended in person, and $750 for each board and committee meeting attended telephonically.
