2007 Non-Employee Director Compensation Plan Summary Sheet

Summary

This agreement outlines the 2007 compensation plan for non-employee directors of the company. Directors receive an annual cash stipend of $15,000, plus additional payments for attending board and committee meetings. The audit committee chairman receives a higher stipend and extra restricted stock, while other committee chairmen receive a smaller additional stipend. All directors are also granted restricted stock annually. Payments are made in quarterly installments, and compensation varies based on meeting type and role.

EX-10.21 2 d44634exv10w21.htm SUMMARY SHEET: 2007 DIRECTOR COMPENSATION exv10w21

EXHIBIT 10.21 SUMMARY SHEET: 2007 NON-EMPLOYEE DIRECTOR COMPENSATION PLAN

	1.		Each director shall receive an aggregate annual cash stipend of $15,000 to be paid in quarterly installments.

	2.		Each director shall receive $2,000 cash for each face-to-face meeting of the Board attended.

	3.		Each director shall receive $1,500 cash for each telephonic meeting of the Board attended.

	4.		Each board committee member shall receive $500 cash for each board committee meeting attend in conjunction with a face-to-face board meeting.

	5.		Each board member shall receive $1,500 cash for each board committee meeting attended, whether stand alone, telephonic or face-to-face, except as noted in paragraph (4) above.

	6.		The audit committee chairman shall receive an additional aggregate cash stipend of $50,000 to be paid in quarterly installments and an additional 1,000 shares of restricted stock.

	7.		The chairman of each other committee shall receive an additional aggregate cash stipend of $3,000 to be paid in quarterly installments.

	8.		Each director shall receive annually an aggregate of 3,000 shares of restricted stock.