Exhibit 99.1
Compensation of Non-Employee Directors
Cash Compensation: | ||||
Annual Retainer (1) | $ | 60,000 | ||
Board Meeting Fee | $ | 3,000 | ||
Committee Meeting Fee | $ | 2,000 | ||
Audit Committee Chairperson Meeting Fee | $ | 4,000 | ||
Other Committee Chairperson Meeting Fee | $ | 3,000 |
Equity Compensation: | ||
Annual Automatic Non-discretionary Grant of Stock Options | 500 shares multiplied by the number of years of service or fraction thereof |
(1) | All retainer and meeting fees are payable quarterly. The annual retainer was reduced by 20% effective April 1, 2009 and will be fully reinstated October 1, 2009. |