Summary of Director Compensation Policy

Contract Categories: Human Resources - Compensation Agreements
EX-10.14 4 h33274exv10w14.txt SUMMARY OF DIRECTOR COMPENSATION POLICY EXHIBIT 10.14 On October 13, 2005, the Board approved amendments to its director compensation package. As amended, directors of the Company will receive the following compensation during 2006: Annual Retainer $40,000 Compensation for each Board or committee meeting attended $1,500 (subject to a 75% in-person attendance requirement) Annual retainer for Chairman of the Audit Committee $15,000 Annual retainer for Chairman of the Compensation Committee and the Corporate Governance and Nominating Committee $10,000 Annual retainer for Lead Director $5,000