2008 and 2009 Board of Directors Compensation Schedule
This document outlines the compensation structure for the company's Board of Directors for 2008 and 2009. It specifies annual retainers for board members, committee chairs, and committee members, including additional compensation for the Chairman of the Board. The schedule details the amounts paid for serving on the Audit, Compensation, and Investment Committees, as well as for other committees, excluding the Executive Committee. The agreement ensures directors are compensated according to their roles and responsibilities during the specified years.
Exhibit 10.53
2008 and 2009 Board of Directors Compensation
| Compensation Component | Amount | ||
| Board Retainer | $ | 120,000 | |
| 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 | $ | 225,000 | |
| * | Excludes Executive Committee. |
