Polybatch, which is an additive or color concentrate used for modifying various plastic resins and which provides various physical properties required by customers
EX-10.GG 2 l22086aexv10wgg.htm EX-10(GG) EX-10(GG)
Exhibit 10.gg
Director Compensation
Each Director of the Corporation who is not an employee of the Corporation receives an annual Directors fee of $29,000, plus $1,500 for each Board or committee meeting attended. Further, any Director serving as a Chairman of the Audit Committee, the Compensation Committee or the Nominating and Corporate Governance Committee receives an additional annual fee of $8,500, $7,500 or $6,000, respectively. Each Director has the option to defer payment of all or a specified portion of his or her Directors fees under the terms of the Directors Deferred Units Plan. Non-Employee Directors are also eligible for grants under the Corporations 2002 Equity Incentive Plan and, on February 1, 2006, each non-employee Director of the Corporation received an award of 2,000 restricted shares of Common Stock.