Exhibit 10.29
Executive and Director Compensation Exhibit
Per annum base salaries of the Executive Officers of the Company as of May 1, 2006:
Executive Officers | Per Annum Base Salaries as of May 1, 2006 | ||
Paul Cormier | $ | 300,000 | |
Michael Cunningham | $ | 275,000 | |
Charles E. Peters, Jr. | $ | 325,000 | |
Alex Pinchev | $ | 325,000 | |
Joanne Rohde | $ | 275,000 | |
Matthew Szulik | $ | 400,000 | |
Board of Directors’ retainers as of May 1,2006:
Directors | Board Retainer | Lead Director Retainer | Director Committee Memberships | Total Annual per Director | Deferred Stock Election | |||||||||||||||
| Audit | Comp / Nominating | |||||||||||||||||||
E. McDonald | $ | 30,000 | $ | 10,000 | $ | 5,000 | $ | 45,000 | 100% of all compensation | |||||||||||
M. Fox | $ | 30,000 | $ | 10,000 | $ | 5,000 | $ | 45,000 | 50% of cash compensation 100% of equity compensation | |||||||||||
W. Kaiser | $ | 30,000 | $ | 20,000 | $ | 10,000 | $ | 0 | $ | 60,000 | N/A | |||||||||
H. Shelton | $ | 30,000 | $ | 10,000 | $ | 5,000 | $ | 45,000 | 100% of cash compensation 50% of equity compensation | |||||||||||
W. Albrecht | $ | 30,000 | $ | 20,000 | $ | 5,000 | $ | 55,000 | 50% of equity compensation | |||||||||||
E. Kozel | $ | 30,000 | $ | 5,000 | $ | 5,000 | $ | 40,000 | 100% of cash compensation 50% of equity compensation | |||||||||||
N. Gupta | $ | 30,000 | $ | 5,000 | $ | 5,000 | $ | 40,000 | N/A | |||||||||||
Director Stock Compensation Summary
| • | Initial Election: 40,000 options, 3 year vesting |
| • | Annual Grant (on the earlier of (i) date of annual Shareholders Meeting or (ii) August 13, 2006: 10,000 options, fully vested |
| • | Deferred Stock Unit Conversion ratio: 35 DSU’s per 100 options |