2006 and 2007 Board of Directors Compensation Schedule
This document outlines the compensation structure for the company's Board of Directors for 2006 and 2007. It specifies annual retainers for board members, committee chairs, and committee members, including additional compensation for the Chairman of the Board and various committee roles. The schedule details the amounts paid for each position and clarifies that certain additional retainers exclude the Executive Committee. The agreement is between the company and its directors, setting clear payment terms for board service during the specified years.
Exhibit 10.62
2006 and 2007 Board of Directors Compensation
| Compensation Component | Amount | |||
| Board Retainer | $ | 110,000 | ||
| Audit Committee Chair Retainer | $ | 65,000 | ||
| Audit Committee Member Retainer | $ | 45,000 | ||
| Compensation Committee Chair Retainer | $ | 45,000 | ||
| Compensation Committee Member Retainer | $ | 40,000 | ||
| Investment Committee Chair Retainer | $ | 45,000 | ||
| Investment Committee Member Retainer | $ | 40,000 | ||
| Additional Committee Chair Retainer* | $ | 15,000 | ||
| Additional Committee Member Retainer* | $ | 10,000 | ||
| Chairman of the Board | $ | 200,000 | ||
| * | Excludes Executive Committee. |
