Schedule of Nonemployee Director Compensation (Effective January 1, 2006)

Contract Categories: Human Resources › Compensation Agreements
Summary

This document outlines the compensation structure for nonemployee directors of the company, effective January 1, 2006. Directors receive a standard annual retainer, additional fees for attending board and committee meetings, and special retainers for certain leadership roles. Compensation is paid quarterly, with 60% in fully vested stock grants and 40% in cash, while meeting fees are paid in cash. The schedule specifies the exact amounts for each type of payment and role.

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EX-10.1 2 g98890exv10w1.htm EX-10.1 Ex-10.1  

         
Exhibit 10.1
Schedule of Nonemployee Director Compensation
(Effective January 1, 2006)
         
Standard Compensation
        
Board Member Standard Retainer
   $ 49,000  
Board Meeting Fee (per meeting)
   $ 2,000  
Committee Meeting Fee (per meeting)
   $ 1,500  
 
Special Retainers
        
Lead Independent Director Retainer
   $ 50,000  
Audit Committee Chairman Retainer
   $ 20,000  
Risk Management Committee Chairman Retainer
   $ 15,000  
Compensation Committee Chairman Retainer
   $ 15,000  
Executive Committee Chairman Retainer
   $ —  
Nominating and Corporate Governance Committee Chairman Retainer
   $ —  
All retainers will be paid quarterly, with 60% paid in the form of fully vested stock grants and 40% paid in cash. Meeting fees will be paid in cash.