Description of Directors and Named Executive Officers
Exhibit 10.25
DESCRIPTION OF DIRECTORS AND NAMED EXECUTIVE OFFICERS COMPENSATION
The compensation payable to all of the Companys non-employee directors is as follows:
| § | An annual cash retainer of $5,000.00. |
| § | In addition, non-employee directors each receive $700.00 for each regular meeting of the Board of Directors attended. |
| § | In addition, members of the Audit Committee are paid $250.00 for each Audit Committee meeting attended. |
The compensation of executive officers is reviewed and adjusted on an annual basis as of the individuals anniversary date of hire, based upon the approval of the Executive Compensation Committee of the Board of Directors.
As of March 9, 2007, current annual salaries of each of the following executive officers is shown below:
Name | Salary |
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Donita R. Koval | $312,000 |
Daniel L. Warfel | $234,450 |
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