Non-Employee Director Compensation Summary for Board and Committee Service
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Summary
This document outlines the compensation structure for non-employee directors of the company. It details annual cash retainers and additional premiums for serving as committee chairs, audit committee members, or as Chairman of the Board. Directors also receive annual grants of restricted stock, with extra stock awards for certain leadership roles. The summary specifies the amounts paid for each position and committee assignment, ensuring transparency in director compensation.
EX-10.1 3 ex10-1dircomp.htm EXHIBIT 10.1 - NON-EMPLOYEE DIRECTOR COMPENSATION SUMMARY Exhibit 10.1 - Non-Employee Director Compensation Summary
Exhibit 10.1 - Non-Employee Director Compensation Summary
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| Non-Employee Director Compensation Summary | ||||||||
| Base Retainer | Committee Lead Premium | Audit Committee Member Premium | Non-Executive Chairman | Sub Total Cash Compensation | Restricted Stock Grant Annualized | Lead/Chair RS Grant | ||
| Cash retainer for committee chairperson | Cash retainer for all Audit Committee Members - only | Cash retainer for Chairman of the Board | All Directors | RS premium for committee chairperson & chairman | ||||
| Director | Committee other than Audit | $35,000.00 | $35,000.00 | 7,000 | ||||
| Director | Audit Committee Member | $35,000.00 | $2,000.00 | $37,000.00 | 7,000 | |||
| Finance Committee | Committee Chairperson | $35,000.00 | $7,000.00 | $42,000.00 | 7,000 | 500 | ||
| Nominating & Corporate Governance Committee | Committee Chairperson | $35,000.00 | $7,000.00 | $42,000.00 | 7,000 | 500 | ||
| Compensation Committee | Committee Chairperson | $35,000.00 | $10,000.00 | $45,000.00 | 7,000 | 1,000 | ||
| Audit Committee | Committee Chairperson | $35,000.00 | $15,000.00 | $2,000.00 | $52,000.00 | 7,000 | 1,500 | |
| Chairman of the Board | $35,000.00 | $50,000.00 | $85,000.00 | 7,000 | 5,000 | |||
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