Compensation Schedule for Outside Directors Effective May 24, 2006

Contract Categories: Human Resources › Compensation Agreements
Summary

This document outlines the compensation structure for outside directors of the company, effective May 24, 2006. It specifies annual retainers for the Chairman, board members, and committee chairpersons, as well as per-meeting fees for both in-person and telephonic board and committee meetings. The agreement applies to all current and future committees of the Board of Directors.

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EX-10.1 2 f22487exv10w1.htm EXHIBIT 10.1 exv10w1  

Exhibit 10.1
Compensation for Outside Directors, Effective May 24, 2006
         
Annual Retainers:        
Chairman of the Board:
   $ 20,000  
Board members:
   $ 20,000  
Audit Committee Chairperson:
   $ 20,000  
Compensation Committee Chairperson:
   $ 10,000  
Nominating and Corporate Governance
        
Committee Chairperson:
   $ 8,000  
 
        
Per Meeting Fees:
        
 
        
Board Meeting in Person:
   $ 2,000  
Telephonic Board Meeting:
   $ 1,000  
Committee Meeting in Person:*
   $ 1,500  
Telephonic Committee Meeting:*
   $ 750  
 
*   Committee meeting fees apply to any committee of the Board of Directors, whether currently constituted or as constituted in the future.