Exhibit 10.2
DIRECTOR COMPENSATION
All compensation values are in US $ | Proposed AFTER EMERGENCE | |
Board Service | ||
Annual Cash Retainer | $75,000 | |
Board Meeting Fees | $0 | |
Annual Equity Grant | $75,000 | |
Chairman | $150,000 (additional) | |
Audit Committee Service | ||
Chair Retainer | $25,000 | |
Member Retainer | $0 | |
Meeting Fee | $0 | |
Other Committee Service | ||
Chair retainer | $15,000 | |
Member Retainer | $0 | |
Meeting Fee | $0 | |
Total Direct Compensation Simulations | ||
Typical Director | $150,000 | |
Typical Committee Chair | $165,000 | |
Typical Audit Committee Chair | $175,000 | |
Share Ownership guideline | 1 X Annual Retainer within 3 years to be calculated at market value at time of testing |