Nominating and Governance Committee Approval of Non-Employee Director Compensation Changes (June 2010)
The Nominating and Governance Committee recommended, and the Board of Directors approved, changes to the compensation program for non-employee directors. Effective June 2010, the annual retainer for Board members increased from $60,000 to $80,000, and the annual chair retainers for the Compensation, Nominating and Governance, and Finance Committees increased from $9,000 to $10,000. These changes apply to non-employee directors serving on the Board and its committees.
Exhibit 10.112
On June 14, 2010, the Nominating and Governance Committee approved and recommended to the Board of Directors, and on June 15, 2010, the Board of Directors approved, changes to the non-employee director compensation program as set forth below:
| • | An increase in the Annual Board Retainer for Board Members from $60,000 to $80,000 |
| • | An increase in the Compensation Committee, Nominating and Governance Committee and Finance Committee Annual Committee Chair Retainers from $9,000 to $10,000 |
E-2
