Summary of Non-Employee Director Compensation Effective January 1, 2018

Summary

This document outlines the compensation structure for non-employee directors of the company, effective January 1, 2018. It details annual retainers, restricted stock awards, and meeting fees for board service and committee roles, including specific amounts for chairpersons and members of the Audit, Compensation, and Governance Committees. James J. Volker, as non-executive Chairman, will receive a separate annual cash compensation of $268,000 until the 2018 annual stockholders meeting, in addition to standard meeting fees.

EX-10.3 3 wll-20171231xex10_3.htm SUMMARY OF NON-EMPLOYEE DIRECTOR COMPENSATION Exhibit 103

Exhibit 10.3

Director Compensation

Effective January 1, 2018, non-employee director compensation is as follows:


					Committee Service
									Nominating
	Board		Lead						and
	Service (1)		Director		Audit		Compensation		Governance
Annual retainer	$	65,000	$	-	$	-	$	-	$	-
Restricted stock (value), one year vesting		157,500		-		-		-		-
Lead annual retainer		-		20,000		-		-		-
Lead restricted stock (value)		-		15,000		-		-		-
Committee chair annual retainer		-		-		25,000		15,000		15,000
Committee chair restricted stock (value)		-		-		25,000		15,000		15,000
Committee member annual retainer		-		-		10,000		5,000		5,000
Meeting fee		1,500		-		1,500		1,500		1,500

(1)James J. Volker will serve as a non-executive Chairman of the Board until the 2018 annual meeting of stockholders, for which he will be paid cash compensation at an annual rate equal to $268,000, payable monthly, in addition to standard board service meeting fees.