Board of Directors Resolution Increasing Committee Chair and Audit Committee Member Retainers (Effective April 1, 2003)

Summary

The Board of Directors has approved an increase in the annual retainers paid to the Chair of the Audit Committee, the Chairs of the Compensation and Governance Committee and the Finance Committee, and to members of the Audit Committee. Effective April 1, 2003, the Audit Committee Chair's retainer increases from $6,000 to $12,000, the Compensation and Governance and Finance Committee Chairs' retainers increase from $6,000 to $9,000, and Audit Committee members will receive an additional $3,000 annually.

EX-10.35 6 exhibit10-352q061303.htm EXHIBIT 10-35 2Q061303 EXHIBIT 10-35

 EXHIBIT 10.35 Board of Directors resolution approving an increase in the additional retainer paid to the audit committee members and to the chairs of the committees: RESOLVED, that the Board hereby (i) increases the additional annual retainer for the Chair of the Audit Committee from $6,000 to $12,000, (ii) increases the additional annual retainer for the Chairs of the Committee on Compensation and Governance and the Finance Committee from $6,000 to $9,000 and (iii) pay an additional annual retainer of $3,000 to members of the Audit Committee, all such actions to be effective April 1, 2003. E-7