Exhibit 10(F) 2005 and 2006 Director Compensation Schedules

Contract Categories: Human Resources - Compensation Agreements
EX-10.F 8 l17423aexv10wf.htm EXHIBIT 10(F) 2005 AND 2006 DIRECTOR COMPENSATION SCHEDULES Exhibit 10(F)
 

EXHIBIT 10(F)
BOARD OF DIRECTORS’ COMPENSATION
                 
    2005     2006  
Compensation Component
                
Retainer
   $ 10,000     $ 10,000  
 
                
Board Meetings (6 meetings @ $3,700 per meeting)
   $ 19,200     $ 22,200  
Board Telephone Meeting
   $ 1,500     $ 1,500  
 
                
Management Interaction Day
   $ 2,000     $ 2,000  
Special Meetings
   $ 1,000     $ 1,000  
 
                
Audit Committee
                
Committee Member Meetings
   $ 2,100     $ 2,600  
Committee Chair Meetings
   $ 4,200     $ 4,700  
Regularly Scheduled Audit Telephone Meetings/Committee Member
   $ 1,000     $ 1,000  
Regularly Scheduled Audit Telephone Meetings/Committee Chair
   $ 1,500     $ 1,500  
 
                
Other Committees
                
Committee Member Meetings
   $ 2,100     $ 2,600  
Committee Chair Meetings
   $ 2,600     $ 3,100  
Telephone Meetings (as needed)
   $ 500     $ 500  
 
                
Chairman of the Board (Yearly Restricted Stock Grant)
   $ 200,000     $ 200,000  
 
                
Annual Restricted Stock Value (other than Chairman)
   $ 100,000     $ 100,000