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Annual Retainers :
·
Board Member - $50,000
·
Chairman of the Audit Committee -
$25,000
·
Chairman of the Compensation
Committee - $20,000
·
Chairman of the Nominating and
Corporate Governance Committee - $15,000
·
Audit Committee Member -
$10,000
·
Compensation Committee Member -
$5,000
·
Nominating and Corporate Governance
Committee Member - $5,000
Meeting Fees:
·
For each board or committee meeting
attended in person or by telephone - $3,000
Special Assignment Fees
·
Per day for special assignments
required in connection with board duties (including, without
limitation, litigation-related matters, but excluding days on which
a director is required to travel to attend meetings) -
$5,000
Payment Terms
·
All cash retainers will generally be
paid in arrears in equal quarterly installments no later than the
60 th day following the last date of the
applicable quarter; provided , however , that in no
event shall fees be paid later than the date that is 2½
months following the last date of the Company’s fiscal year
for which the retainer relates.
·
Meeting Fees and Special Assignment
Fees will generally be paid in arrears in equal quarterly
installments no later than the 60 th day following the last date of the
applicable quarter; provided , however , that in no
event shall fees be paid later than the date that is 2½
months following the last date of the Company’s fiscal year
for which the retainer relates.
·
Fees will be prorated for partial
years of service, with partial months of service credited for full
months.
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