Summary of Non-Employee Director Compensation

Contract Categories: Human Resources › Compensation Agreements
Summary

This document outlines the compensation structure for non-employee directors of the company. Non-employee directors receive an annual cash retainer of $25,000, with an additional $50,000 for the Non-Executive Chairman. Members of the Audit Committee receive an extra $5,000 annually, with the chairperson receiving an additional $3,000. Members of another committee receive an extra $2,000 per year, with the chairperson receiving an additional $2,000. The agreement specifies the annual fees and additional compensation for committee service.

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EX-10.19 4 h45448exv10w19.htm SUMMARY OF NON-EMPLOYEE DIRECTOR COMPENSATION exv10w19  

Exhibit 10.19
Retainer/Fees
Each non-employee director receives the following compensation:
•   an annual cash retainer fee of $25,000 per year, plus an additional $50,000 for the Non-Executive Chairman of our Board;
 
•   additional cash retainer of $5,000 per year for each member of the Audit Committee, plus an additional $3,000 per year for the chairperson of the Audit Committee; and
 
•   additional cash retainer of $2,000 per year for each member of the Committee, plus an additional $2,000 per year for the chairperson of the Committee.