Description of Directors and Named Executive Officers Compensation for [Company Name]

Summary

This document outlines the compensation for the company's non-employee directors and named executive officers. Non-employee directors receive an annual cash retainer of $5,000, $700 for each regular board meeting attended, and Audit Committee members receive $250 per committee meeting. Executive officer salaries are reviewed annually by the Executive Compensation Committee, with current salaries listed for four officers. One executive, Mr. Thiel, is noted as an at-will employee. The agreement sets forth the structure and amounts of compensation but does not specify additional benefits or terms.

EX-10.25 4 d67415_ex10-25.txt DESCRIPTION OF DIRECTORS Exhibit 10.25 DESCRIPTION OF DIRECTORS AND NAMED EXECUTIVE OFFICERS COMPENSATION The compensation payable to all of the Company's non-employee directors is as follows: o An annual cash retainer of $5,000.00. o In addition, non-employee directors each receive $700.00 for each regular meeting of the Board of Directors attended. o 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 individual's anniversary date of hire, based upon the approval of the Executive Compensation Committee of the Board of Directors. As of March 13, 2006, current annual salaries of each of the following executive officers is shown below: -------------------------------------------- Name Salary -------------------------------------------- David B. Lee $ 50,000 -------------------------------------------- Donita R. Koval 300,000 -------------------------------------------- Daniel L. Warfel 228,732 -------------------------------------------- David N. Thiel 136,320 -------------------------------------------- -------------------------------------------- Mr. Thiel is an at-will employee of the Company. 44