Exhibit 10.27 SUMMARY OF ANNUALNON-MANAGEMENT DIRECTOR COMPENSATION
EX-10.27 4 tmok08ex_10-27.htm EXHIBIT 10.27 (ANNUAL DIRECTOR COMPENSATION) tmok08ex_10-27.htm
Exhibit 10.27
SUMMARY OF ANNUAL NON-MANAGEMENT DIRECTOR COMPENSATION
I. Board Members (Other than the Chairman)
A. Annual Cash Compensation
Annual Cash Retainer: $70,000
Additional Cash Retainer for Chairman of Audit Committee: $20,000
Additional Cash Retainer for Chairman of Compensation
Committee: $10,000
Additional Cash Retainer for Chairs of Nominating and
Corporate Governance Committee and Strategy Committee: $ 5,000
| B. | Meeting Fees |
If a Board Committee meets more than six times during a calendar year, then the members thereof shall receive the following fees for attending meetings that exceed six
in number:
| Committee Meeting Fees: | $1,500 per meeting attended in person, on a day other than a day on which the Board meets |
| $1,000 per meeting attended in person, on the same day as a Board meeting | |
| Telephone Committee Meeting Fees: | $750 per meeting attended by conference telephone |
Directors are also reimbursed for reasonable out-of-pocket expenses incurred in attending meetings.
C. Equity Compensation
Annual equity grants are made upon the recommendation of the Compensation Committee.
II. Chairman of the Board
A. Annual Cash Compensation
Annual Cash Compensation (in lieu of annual retainer and meeting fees): $250,000
B. Equity Compensation
Annual equity grants are made upon the recommendation of the Compensation Committee.
