Amendment to Non-Employee Director Compensation and Benefits (Effective October 1, 2007)

Summary

This amendment updates the compensation for non-employee directors serving on various committees of the company, effective October 1, 2007. It specifies new annual fees for members and chairs of the Audit, Compensation and Management Development, Board Composition and Governance, and Technology, Environmental and Social Responsibility Committees. The changes modify the previous compensation terms outlined in the company's earlier filing.

EX-10.1 2 y37580exv10w1.htm EX-10.1: AMENDMENTS TO NON-EMPLOYEE DIRECTOR COMPENSATION AND BENEFITS EX-10.1

Exhibit 10.1

Amendments to Non-Employee Director Compensation and Benefits
(Effective October 1, 2007)

Reference is made to that certain Summary of Non-Employee Director Compensation and Benefits filed as Exhibit 10 to the Company’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2005. Effective October 1, 2007, the annual Committee fees referenced in the Summary are amended as follows:

	•		Audit Committee: $12,500 ($25,000 for the Chair)

	•		Compensation and Management Development Committee: $8,000 ($16,000 for the Chair)

	•		Board Composition and Governance Committee: $6,000 ($12,000 for the Chair)

	•		Technology, Environmental and Social Responsibility Committee: $5,000 ($10,000 for the Chair)