Compensation Rate Fiscal 2009Monthly Board member retainer $ 1,500 Fee per Board meeting attended $ 1,250 Fee per Audit Committee meeting attended $ 1,000 (1)Fee per Compensation Committee meeting attended $ 1,000 (1)Fee per Governance Committee meeting attended $ 1,000 (1)Fee per Investment Review Committee meeting attended $ 500 Annual stipend for Chairman of the Board $ 4,000 Annual stipend for Audit Committee Chair $ 3,000 Annual stipend for Compensation Committee Chair $ 2,000
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EX-10.10 3 c48382exv10w10.htm EX-10.10 EX-10.10
Exhibit 10.10
Non-Employee Directors’ Compensation
In fiscal 2009, non-employee directors will receive compensation as outlined in the table below:
| Compensation Rate | ||||
| Fiscal 2009 | ||||
Monthly Board member retainer | $ | 1,500 | ||
Fee per Board meeting attended | $ | 1,250 | ||
Fee per Audit Committee meeting attended | $ | 1,000 | (1) | |
Fee per Compensation Committee meeting attended | $ | 1,000 | (1) | |
Fee per Governance Committee meeting attended | $ | 1,000 | (1) | |
Fee per Investment Review Committee meeting attended | $ | 500 | ||
Annual stipend for Chairman of the Board | $ | 4,000 | ||
Annual stipend for Audit Committee Chair | $ | 3,000 | ||
Annual stipend for Compensation Committee Chair | $ | 2,000 | ||
| (1) | The Chairs of the Audit, Compensation and Governance Committees will receive 1.5 times the meeting fee for each committee meeting to reflect the work and preparation required as chair for such meetings. |
Directors who are otherwise employees of the Company do not receive any additional compensation for their service on the Board or any of its committees.
