Amended and Restated Summary of Non-Employee Director Compensation
This document outlines the compensation for non-employee members of the company's Board of Directors. Non-employee directors receive an annual fee of $10,000, plus $600 for each board or committee meeting attended. Committee chairmen receive an additional annual fee of $1,500, except for the Audit Committee chairman, who receives $2,500. The Chairman of the Board receives an extra $5,000 annually. Directors who are also salaried employees, such as the CEO, do not receive separate compensation for board service.
EXHIBIT 10.6
Amended and Restated
Summary of Non-Employee Director Compensation
Each of the non-employee members of the Company’s Board of Directors currently receives a fee of $10,000 annually. Additionally, each non-employee director receives a fee of $600 for each Board of Director and committee meeting they attend in person or by telephone participation. Each committee Chairman also receives an additional fee of $1,500 annually, other than the Chairman of the Audit Committee, who receives an additional fee of $2,500 annually. The Chairman of the Board of Directors receives an additional fee of $5,000 annually. The one director who is also a salaried employee of the Company (i.e., the CEO) does not receive any separate compensation for his services as a director of the Company or of its subsidiaries.
