Exhibit 10.1
SCHEDULE I
Trustee Compensation
1. Annual Fee:
a. $45,000.
b. payable at annual meeting of shareholders.
| c. | payable in cash or common shares (valued at closing price on date of annual meeting of shareholders), at the election of each Trustee. |
d. cash portion is eligible for deferral into the Deferred Compensation Plan.
2. Annual Equity Award:
a. $60,000 in “restricted” common share rights.
| b. | number of common share rights computed based on closing price of the common shares on date of annual meeting of shareholders. |
| c. | common share rights vest in three equal annual installments, commencing on the first anniversary of the award date, subject to accelerated vesting upon a change of control or termination of service on account of death, disability or retirement. Upon vesting, a number of common shares are delivered equal to the number of shares rights that vested. |
d. unvested common share rights are entitled to dividend equivalents.
e. common share rights are not eligible for deferral into the Deferred Compensation Plan.
3. Per Board Meeting Fee:
a. $1,500.
b. payable in cash.
c. eligible for deferral into the Deferred Compensation Plan.
4. Per Committee Meeting Fee:
a. $1,000.
b. payable in cash.
c. not eligible for deferral into the Deferred Compensation Plan.
5. Per Informal Board Informational Meeting Fee:
a. $1,500.
b. payable in cash.
c. not eligible for deferral into the Deferred Compensation Plan.
6. Chair Fees:
a. Board Chair - $45,000 per year, payable in cash, at annual meeting of shareholders.
b. Audit Committee Chair - $15,000 per year, payable in cash, at annual meeting of shareholders.
| c. | Compensation Committee Chair - $10,000 per year, payable in cash, at annual meeting of shareholders. |
| d. | Corporate Governance Committee Chair - $10,000 per year, payable in cash, at annual meeting of shareholders. |
e. Chair fees are not eligible for deferral into the Deferred Compensation Plan.
7. Miscellaneous: Fees are payable for meeting attendance, whether in person or by phone.