Board/Committee Compensation

Type of Compensation

Amount

Annual Board Cash Retainer

$40,000 (payable March 31 of each year)

Annual Equity Grant

$100,000 (issued March 31 of each year based on the trading price on such date (or the next trading day if such date is not a trading day); fully vested upon issuance)

Board Meeting Fees

$1,500 for each meeting

Committee Meeting Fees

$1,000 for each substantive meeting of each committee of the Board

Annual Committee Chair Retainer

$15,000 for Audit Committee Chair

$10,000 for Compensation Committee Chair

$8,500 for Nominating and Corporate Governance Committee Chair