Director Compensation Summary Sheet for Board and Committee Service
This document outlines the compensation structure for members of the Board of Directors, including annual retainers and meeting fees for both board and committee service. The Chairman and members receive different annual retainers, and additional fees are paid for attending meetings in person or by phone. Chairmen of the Audit, Compensation, and Nominating and Corporate Governance Committees receive extra annual retainers and meeting fees. Directors serving as chairmen of multiple committees receive retainers for each. Board members are also reimbursed for reasonable travel expenses related to meetings.
Exhibit 10.15
Summary Sheet of Director Compensation
| 1. | Board of Directors |
| Annual Retainer – Chairman | $ | 75,000 | |
| Annual Retainer – Member | $ | 45,000 | |
| In-person meeting fee | $ | 2,500 | |
| Telephone meetings | $ | 2,000 |
| 2. | Audit Committee |
| Annual Retainer – Chairman | $ | 12,000 | |
| Meeting fee (In Person or Telephone) | $ | 1,500 |
| 3. | Compensation Committee |
| Annual Retainer – Chairman | $ | 6,000 | |
| Meeting fee (In Person or Telephone) | $ | 1,500 |
| 4. | Nominating and Corporate Governance Committee |
| Annual Retainer – Chairman | $ | 6,000 | |
| Meeting fee (In Person or Telephone) | $ | 1,500 |
If a director is the chairman of more than one committee, he or she would receive a retainer for each such committee. In addition to the compensation set forth above, board members are reimbursed for reasonable travel expenses incurred in connection with their attendance at a board or committee meeting.
