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 the fees paid for attending various types of meetings, including board, special, telephonic, and committee meetings. Additional fees are provided for chairpersons of committees, with a higher amount for the Audit Committee Chairperson. The summary ensures transparency regarding director compensation and the conditions under which these payments are made.
EXHIBIT 10.6
Non-Employee Director Compensation Summary Sheet
| Annual Retainer | $ | 35,000 | |
| Type of Meeting | AMOUNT PAID PER MEETING | ||
| Board Meeting | $ | 3,500 | |
| Special Meeting | 3,500 | ||
| Telephonic Board Meeting | 1,000 | ||
| Compensation & Nominating Committee Meeting | 1,500 | ||
| Audit Committee Meeting | 3,000 | ||
| Executive Committee Meeting | 3,500 | ||
| Additional Fee for Chairperson (except Audit) | 1,500 | ||
| Additional Fee for Audit Committee Chairperson | 2,000 | ||
