Non-Employee Director Compensation Summary Sheet
This document outlines the compensation structure for non-employee directors of the company. Directors receive an annual retainer of $35,000, with additional payments for attending various types of meetings, such as board, special, telephonic, and committee meetings. Chairpersons of committees receive extra fees, with the Audit Committee Chairperson receiving a higher amount. The summary specifies the exact amounts paid for each meeting type and chairperson role.
EXHIBIT 10.9
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 | ||
