SUMMARY SHEET OF DIRECTOR COMPENSATION
Exhibit 10.2
SUMMARY SHEET OF DIRECTOR COMPENSATION
The following summary sets forth current rates of cash and other compensation for directors and advisory directors. Director compensation rates were last adjusted on May 9, 2007.
| Compensation Item | Current Compensation | ||
| Board Retainer | |||
| Employee Directors | $ | 3,000 | |
| Non-employee Directors | $ | 50,000 | |
| Non-employee Advisory Directors | $ | 21,000 | |
| Audit Committee | |||
| Chair Annual Retainer | $ | 12,000 | |
| Member Annual Retainer | $ | 8,000 | |
| Compensation Committee | |||
| Chair Annual Retainer | $ | 10,000 | |
| Member Annual Retainer | $ | 6,000 | |
| Nominating & Corporate Governance Committee | |||
| Chair Annual Retainer | $ | 5,000 | |
| Member Annual Retainer | $ | 4,000 | |
| Presiding Director Annual Retainer | $ | 12,000 | |
| Restricted Stock | $ | 70,000 | |
Board and committee retainers are subject to reductions for missed meetings, unless the absence was for medical reasons. Directors may defer their cash compensation by participating in the Company’s Deferred Compensation Program (filed December 11, 2006 as Exhibit 10.2 to the Company’s Current Report on form 8-K).
