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America Service Group Inc. (the
“Company”)
Summary of 2009 Director and
Executive Officer Compensation
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I.
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DIRECTOR COMPENSATION. Directors who are employees of, or
paid consultants to, the Company do not receive additional
compensation for serving as directors of the Company. The following
table sets forth current rates of cash compensation for the
Company’s non-employee directors.
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$
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30,000
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Board meeting attendance fee
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$
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1,500
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Audit Committee Chair annual retainer
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$
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15,000
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Audit Committee meeting fee for all Audit
Committee meetings held on a date other than a Board meeting
date
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$
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2,500
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Corporate Governance and Nominating Committee
Chair, Incentive Stock and Compensation Committee Chair and Ethics
and Quality Assurance Committee Chair annual retainer
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$
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5,000
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Committee meeting fee for all committee meetings
other than Audit Committee held on a date other than a Board
meeting date
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$
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1,000
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The
Board compensation program provides that each new Director (as
defined by the Amended and Restated 1999 Incentive Stock Plan) upon
election to the Board receive 10,000 restricted shares of the
Company’s common stock. Under the terms of the restricted
shares, each new Director shall have the right, among other rights,
to receive cash dividends on all of the shares and to vote such
shares until the Director’s right to such shares is
forfei
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