Compensatory Arrangements with Non-Employee Directors (Exhibit 10.4)

Contract Categories: Human Resources › Compensation Agreements
Summary

This agreement outlines the compensation for non-employee directors of the company for the current year. It specifies annual cash retainers, additional payments for committee chairs, and grants of restricted stock. The restrictions on the stock grants will lapse at the earlier of the 2010 Annual Meeting of Stockholders or March 15, 2010, provided the director remains in service. The arrangement is pursuant to the company's 2000 Equity Incentive Plan.

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EX-10.4 4 dex104.htm COMPENSATORY ARRANGEMENTS WITH DIRECTORS Compensatory Arrangements with Directors

Exhibit 10.4

Compensatory Arrangements with Directors

The amount of the annual cash retainer, committee chair cash retainers and restricted stock grants for our non-employee directors for the current year are set forth in the table below.

 

Name    Position/Chair      Annual Retainer      Committee
Chair Retainer		      Annual Equity
Grant(1)

Noel Posternak

   

Lead Independent Director,

 

Nominating & Corporate Governance Committee

      $125,000      —      28,961 shares

Robert Goldman

    Compensation Committee      $  35,000      $10,000      19,307 shares

Michael Porter

    Corporate Development Committee      $  35,000      $  5,000      15,464 shares

Donald Grierson

    Audit Committee Chair      $  35,000      $10,000      19,307 shares

 

(1) The restrictions on the shares will lapse on the earlier of the date of the 2010 Annual Meeting of Stockholders or March 15, 2010, provided the person remains a director on that date and pursuant to our 2000 Equity Incentive Plan.