Summary of Director and Executive Officer Non-Plan Compensation

Summary

This document outlines the compensation for non-employee directors and executive officers of the company. Non-employee directors receive a $60,000 annual retainer, split equally between cash and restricted stock, with additional fees for board and committee chair roles. Executive officers Matthew Boyle and Paul N. Farquhar receive annual salaries of £213,700 and £131,200, respectively. Annual bonuses and equity awards for executives are determined at year-end. Additional details are available in the company's proxy statements and SEC filings.

EX-10.(I) 2 ex10_i.htm EXHIBIT 10(I)

EXHIBIT 10(I)

SUMMARY OF DIRECTOR AND EXECUTIVE OFFICER NON-PLAN COMPENSATION

Non-Employee Directors

The current fees paid to non-employee directors are as follows:

Non-employee directors are each paid a retainer of $60,000, 50% in cash and 50% in the form of restricted stock. The Chairman of the Board of Directors receives an additional $20,000 per year, and the Chairmen of the principal committees receive the following additional amounts for their duties as such; Audit, $10,000, Compensation, $5,000, Nominating and Governance, $5,000. Members of the Audit Committee each receive an additional $2,000 for their duties as such, and the members of the Compensation and Nominating and Governance Committees each receive $1,500.

Executive Officers

The current annual salaries of the executive officers are as follows:

Matthew Boyle, President and Chief Executive Officer

-- British pounds 213,700

Paul N. Farquhar, Vice President, Treasurer and Chief Financial Officer

-- British pounds 131,200

Annual cash bonuses and any equity awards will be determined at the end of the year.

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Further information about compensation of directors and executive officers is found in the Company’s proxy statements on file with the Commission, as well as in periodic Form 8-K filings by the Company.