Directors’ Compensation Summary Sheet for Board and Committee Members

Summary

This document outlines the annual compensation for members of the Board of Directors, including the Chairman, at a company. Board members receive a $100,000 annual retainer, while the Chairman receives $180,000. Additional cash retainers are provided for serving as chairs of various committees, and members of a board sub-group on acquisitions receive an extra $10,000. Directors also receive stock grants, with the number of shares determined by fair market value at the time of the grant.

EX-10.23 2 a201510-kex1023.htm EXHIBIT 10.23 Exhibit

Exhibit 10.23

Directors’ Compensation Summary Sheet



	Board			Chairman of
	Members			the Board
Annual Retainer	$	100,000	⁽¹⁾	$	180,000


Committee Chairs
Audit Committee	$	25,000		—
Compensation Committee	$	15,000		—
Nominating & Governance Committee	$	8,000		—
FIRM Committee	$	8,000		—

Stock Grants ⁽²⁾	$	140,000		$	240,000

^{(1) Members of Board sub-group regarding acquisitions receive an additional cash annual retainer of $10,000 each.}

^{(2) Number of shares issued based upon FMV on date of grant.}