Director Compensation Policy for Board and Committee Members
This document outlines the compensation policy for members of the Board of Directors. Mr. and Mrs. Gordon do not receive any fees for their service, while other directors are paid an annual fee of $46,000 plus $1,250 for each meeting attended. Audit Committee members receive an additional $7,000 annually, with the Chairman receiving an extra $5,500. Compensation Committee members are paid $1,250 per meeting. Board members are also reimbursed for reasonable travel expenses and receive free company product samples during the year.
EXHIBIT 10.29
DIRECTOR COMPENSATION
Mr. and Mrs. Gordon do not receive fees for their service on the Board of Directors or committees. Other directors receive an annual fee of $46,000 plus $1,250 per meeting attended. Each member of the Audit Committee receives an annual retainer of $7,000 and each member of the Compensation Committee receives $1,250 per meeting attended. The Chairman of the Audit Committee receives an additional annual fee of $5,500. Board members are reimbursed for reasonable travel expenses in connection with attending meetings, and, in their capacity as ambassadors of the Company, receive free samples of the Company’s products at Halloween and at other times throughout the year.
