OUTSIDE DIRECTOR FEE SCHEDULE

EX-10.1 2 sss_10-1.htm
 
Exhibit 10.1
   

OUTSIDE DIRECTOR FEE SCHEDULE

Annual Board Retainer
-
$65,000
 
       
Audit Committee Chair Annual Retainer
-
$17,500
 
Audit Committee Member Annual Retainer
-
$10,000
 
       
Compensation Committee Chair Annual Retainer
-
$10,000
 
Compensation Committee Member Annual Retainer
-
$  7,500
 
       
Governance Committee Chair Annual Retainer
-
$10,000
 
Governance Committee Member Annual Retainer
-
$  5,000
 
       
Lead Director Fee
-
$  7,500
 
       
Specially called meeting fee
-
$  1,000
 

               In addition to the fees set forth above, each Outside Director is granted restricted stock under the 2009 Outside Directors' Stock Option and Award Plan (the "2009 Directors' Plan").  The 2009 Directors' Plan provides each Outside Director with a grant annually of a number of shares of restricted stock equal to the base annual fee paid to such Outside Director multiplied by 0.8 and divided by the fair market value of a share of common stock of the Company on the date of grant.

               Under the Company's Deferred Compensation Plan for Directors, an Outside Director may elect to have all or part of director fees credited to a deferred compensation account in the form of units equivalent to shares of the Company's common stock.