Summary of Director Compensation for Non-Employee Directors of Movie Gallery, Inc. (Effective July 1, 2005)

Summary

Movie Gallery, Inc. outlines the compensation for its non-employee Board members, effective July 1, 2005. Each director receives an annual retainer of $48,000 (pro-rated for 2005). Additional fees are paid for attending Board and committee meetings: $2,000 for each in-person Board meeting, $1,000 for each telephonic Board meeting, $2,500 for audit or other committee chairpersons per meeting, and $1,500 for other committee members per meeting. This summary sets the payment structure and conditions for director compensation.

EX-10.2 3 g95879exv10w2.htm EX-10.2 SUMMARY OF DIRECTOR COMPENSATION EX-10.2 SUMMARY OF DIRECTOR COMPENSATION

Exhibit 10.2

Set forth below is a summary of the compensation payable to each non-employee member of the Board of Directors of Movie Gallery, Inc., effective July 1, 2005.

	•		The annual retainer will be increased from $20,000 to $48,000 (pro rated for the remainder of 2005).

	•		Fees for each quarterly Board of Directors meeting and any other in person Board of Directors meeting attended will be $2,000. Fees for each telephonic Board of Directors meeting in which the director participates will be $1,000.

	•		Fees for each audit committee meeting will be $2,500 for the chairman of the audit committee and $1,500 for each other audit committee member.

	•		Fees for each other committee meeting will be $2,500 for the chairman of the committee and $1,500 for each other committee member.