Non-Employee Director Compensation Summary Sheet
This document outlines the compensation structure for non-employee directors of the company. It specifies an annual retainer of $35,000 and details additional payments for attending various types of meetings, such as board, committee, and telephonic meetings. Chairpersons receive extra fees, with higher compensation for the Audit Committee Chairperson. The summary ensures transparency regarding how non-employee directors are paid for their service and participation in company governance.
EXHIBIT 10.8
Non-Employee Director Compensation Summary Sheet
| Annual Retainer | $ | 35,000.00 | |
| Type of Meeting | Amount Paid per Meeting | ||
| Board Meeting | $ | 3,500.00 | |
| Special Meeting | $ | 3,500.00 | |
| Telephonic Board Meeting | $ | 1,000.00 | |
| Compensation & Nominating Committee Meeting | $ | 1,500.00 | |
| Audit Committee Meeting | $ | 3,000.00 | |
| Executive Committee Meeting | $ | 3,500.00 | |
| Additional Fee for Chairperson (except Audit) | $ | 1,500.00 | |
| Additional Fee for Audit Committee Chairperson | $ | 2,000.00 | |
