Summary of Non-Employee Director Compensation Effective January 1, 2016

Summary

This document outlines the compensation structure for non-employee directors of the company, effective January 1, 2016. It details annual cash retainers, restricted stock awards with one-year vesting, and meeting fees for board and committee service. Compensation varies based on roles such as lead director, committee chair, and committee member, with specific amounts allocated for each position and responsibility. The agreement ensures non-employee directors are compensated for their service and participation in board and committee activities.

EX-10.5 2 wll-20151231ex105fa7746.htm SUMMARY OF NON-EMPLOYEE DIRECTOR COMPENSATION Exhibit 105

Exhibit 10.5

Director Compensation

Effective January 1, 2016, 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