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 $38,500 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 different payments are made.
EXHIBIT 10.9
Non-Employee Director Compensation Summary Sheet
| Annual Retainer | $ | 38,500 | ||
| Type of Meeting | Amount Paid per Meeting | |||
| Board Meeting | $ | 3,850 | ||
| Special Meeting | $ | 3,850 | ||
| Telephonic Board Meeting | $ | 1,100 | ||
| Compensation & Nominating Committee Meeting | $ | 1,650 | ||
| Audit Committee Meeting | $ | 3,300 | ||
| Executive Committee Meeting | $ | 3,850 | ||
| Additional Fee for Chairperson (except Audit) | $ | 1,650 | ||
| Additional Fee for Audit Committee Chairperson | $ | 2,200 | ||
