Exhibit 10.46
Schedule of Compensation for Non-Employee Directors
| | | | |
Annual Retainer | | $ | 10,000 | |
Committee Chairman Annual Retainer: | | | | |
Audit Committee | | $ | 12,500 | |
Compensation Committee | | $ | 6,000 | |
Committee Member Annual Retainer | | | | |
Audit Committee | | $ | 7,500 | |
Compensation Committee | | $ | 4,000 | |
Regular Board Meeting Fee | | $ | 2,500 | (1) |
Special Board Meeting Fee | | $ | 1,000 | (2) |
Committee Meeting Fee | | $ | 1,000 | (3) |
New Member Restricted Stock/Stock Option Award Grant (#) | | | | (4) |
Committee Chairman Restricted Stock Award | | | | |
Audit Committee (#) | | | | (4) |
Compensation Committee (#) | | | | (4) |
Nominating Committee (#) | | | | (4) |
Committee Member Restricted Stock Award | | | | |
Audit Committee (#) | | | | (4) |
Compensation Committee (#) | | | | (4) |
Annual Director Stock Option Grant | | | | (4) |
Annual Director Restricted Stock Grant | | | | (4) |
| (1) | The fee is $1,000 if participation is by telephone. |
| (2) | The fee is $500 if participation is by telephone. |
| (3) | The fee is $500 if participation is by telephone. |
| (4) | Any award is at the discretion of the Compensation Committee or Board of Directors. |
Schedule of Compensation for
Chairman of the Board of Directors
| | | | |
Consulting Arrangement | | $ | 12,000/month | |
Annual Stock Option Grant | | | (1 | ) |
Annual Restricted Stock Grant | | | (1 | ) |
| (1) | Any award is at the discretion of the Compensation Committee or Board of Directors. |
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