2005 Board of Directors Compensation Schedule

Contract Categories: Human Resources › Compensation Agreements
Summary

This document outlines the compensation structure for non-employee directors and the Chairman of the Board for the year 2005. Non-employee directors receive annual retainers, fees for attending board and committee meetings, and annual restricted stock awards. The Chairman receives a larger restricted stock award in lieu of other fees. The schedule specifies payment amounts for different types of meetings and roles, including committee chairs and members, and distinguishes between in-person and telephone meetings.

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EX-10.D 5 l11699aexv10wd.txt EX-10(D) 2005 BOARD OF DIRECTORS COMPENSATION . . . Exhibit No. 10(D) 2005 BOARD OF DIRECTORS' COMPENSATION
2004 2005 NON-EMPLOYEE DIRECTORS (EXCLUDING CHAIRMAN - SEE BELOW) - ------------------------------------------------------- Retainer (per year) $10,000 $10,000 Board Meetings $3,000 $3,200 Board Telephone Meeting $1,500 $1,500 Management Interaction Day $2,000 $2,000 Special Meetings $1,000 $1,000 COMMITTEE MEETINGS - ------------------ AUDIT COMMITTEE Meetings -- Committee Member $2,000 $2,100 Meetings -- Committee Chair $4,000 $4,200 Regularly Scheduled Audit Telephone Meetings -- Committee Member $1,000 $1,000 Regularly Scheduled Audit Telephone Meetings -- Committee Chair $1,500 $1,500 ALL OTHER COMMITTEES Meetings -- Committee Member $2,000 $2,100 Meetings -- Committee Chair $2,500 $2,600 Telephone Meetings (as needed) $500 $500 RESTRICTED STOCK AWARDS - ----------------------- Value of Annual Restricted Stock Awards (excluding Chairman) $100,000 $100,000 Chairman of the Board Value of Annual Restricted Stock Award in lieu of Retainer and Meeting Fees $200,000 $200,000