WMS Industries 2007 Non-Employee Director Compensation Summary
This document outlines the cash compensation for non-employee directors of WMS Industries for the 2007 calendar year. It specifies annual retainer amounts for the Board of Directors and its committees, including higher compensation for chairpersons. The compensation structure remains unchanged from the previous year. The agreement details the specific amounts paid to the Chairman and members of the Board, as well as to chairpersons and members of the Audit and Ethics, Compensation, Nominating and Corporate Governance, and Gaming Compliance Committees.
EXHIBIT 10.5
SUMMARY OF NON-EMPLOYEE DIRECTOR COMPENSATION
The cash compensation of non-employee directors of WMS Industries for calendar year 2007 remains unchanged from calendar year 2006, specifically:
| Board of Directors Annual Retainer: | Chairman | = $ | 500,000 | ||
| Members | = $ | 30,000 | |||
| Committee Annual Retainers: | |||||
| Audit and Ethics Committee | Chairman | = $ | 30,000 | ||
| Members | = $ | 25,000 | |||
| Compensation Committee | Chairman | = $ | 10,000 | ||
| Members | = $ | 5,000 | |||
| Nominating and Corporate Governance Committee | Chairman | = $ | 7,500 | ||
| Members | = $ | 5,000 | |||
| Gaming Compliance Committee | Member | = $ | 10,000 | ||
