PAETEC Holding Corp. Non-Employee Director Compensation Description
PAETEC Holding Corp. provides its non-employee directors with an annual fee of $50,000, paid quarterly in cash for their service on the board. Additionally, Mr. Tansukh Ganatra is eligible to participate in the company's health insurance plan, with the company covering part of the costs. All directors are reimbursed for reasonable out-of-pocket expenses related to their board duties.
Exhibit 10.22
PAETEC Holding Corp.
Description of Non-Employee Director Compensation
Non-employee directors of PAETEC Holding Corp. receive fees for their service on the board of directors of the Company. Each non-employee director currently is entitled for his board service to annual fees of $50,000, payable in cash in four equal quarterly installments in arrears. In addition, Mr. Tansukh Ganatra is entitled to participate in the company’s health insurance plan in which the company covers a portion of the expenses. All directors are reimbursed for their reasonable out-of-pocket expenses incurred in connection with their board service.
