Non-Employee Director Cash Compensation Arrangements Effective June 1, 2007
This document outlines the cash compensation structure for non-employee directors of the company, effective June 1, 2007. Each non-employee board member receives an annual retainer of $45,000, with additional payments for serving as Chairman or as a member of various board committees. The Chairman of the Board and committee chairs receive higher retainers, and there are specific amounts for each committee role. The arrangement specifies the compensation amounts and applies to the period starting June 2007.
Exhibit 10.6
BOARD OF DIRECTORS CASH COMPENSATION
Effective June 1, 2007 the annual cash retainers for non-employee directors are as follows:
| Each member of the Board | $45,000 | |||
| Additional retainers: | ||||
| Chairman of the Board | $20,000 (plus $50,000 for period from June 2007 through November 2007) | |||
| Chairman of Committees: | ||||
| Audit | $20,000 | |||
| Compensation | $10,000 | |||
| Nominating and Corp. Gov. | $ 6,000 | |||
| Strategic Planning | $ 4,000 | |||
| Other Committee Members: | ||||
| Audit | $10,000 | |||
| Compensation | $ 5,000 | |||
| Nominating and Corp. Gov. | $ 3,000 | |||
| Strategic Planning | $ 2,000 | |||
