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Non-Employee Director
Compensation Policy
Employee
directors shall not receive any compensation for their service as
members of the Board of Directors. Expenses of employee directors
incurred in connection with attending any meetings of the Board of
Directors or any of its Committees that are conducted in person
shall be reimbursed in accordance with the Company’s expense
reimbursement policies applicable to employees.
Non-employee
directors shall receive the following for each year they are
elected or appointed to serve as a director:
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Annual Cash Retainer
— An annual cash
retainer of $50,000 payable in advance in two installments on the
day of their election and on the six month anniversary of such
date. In the event of appointment during a service year, the amount
shall be prorated by months of service.
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Annual Equity Grant
– A Restricted
Stock Award of 10,000 shares issued on the date of election or
appointment to the Board of Directors the forfeiture restrictions
on which shall lapse on the first anniversary of the date of grant.
Such award sha
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