Summary of Non-Employee Director Compensation Effective January 1, 2017

Summary

This document outlines the compensation structure for non-employee directors of the company, effective January 1, 2017. It details annual retainers, restricted stock awards, and meeting fees for board service and committee roles, including additional compensation for lead directors, committee chairs, and committee members. Compensation includes both cash payments and restricted stock with a one-year vesting period. The agreement specifies the amounts for each role and type of service, ensuring transparency in director compensation.

EX-10.5 5 wll-20161231xex10_5.htm SUMMARY OF NON-EMPLOYEE DIRECTOR COMPENSATION Exhibit 105

Exhibit 10.5

Director Compensation

Effective January 1, 2017, non-employee director compensation is as follows:


					Committee Service
									Nominating
	Board		Lead						and
	Service		Director		Audit		Compensation		Governance
Annual retainer	$	58,500	$	-	$	-	$	-	$	-
Restricted stock (value), one year vesting		175,000		-		-		-		-
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