BOARD COMPENSATION ARRANGEMENT – July 2008
---------------------------------------------------------------------------
Annual Retainer Fee | $40,000.00 |
---------------------------------------------------------------------------
---------------------------------------------------------------------------
Committee Chair Annual Fee | $7,500.00 |
---------------------------------------------------------------------------
---------------------------------------------------------------------------
Audit Committee Chair Annual Fee | $10,000.00 |
---------------------------------------------------------------------------
---------------------------------------------------------------------------
Lead Director Annual Fee | $10,000.00 |
---------------------------------------------------------------------------
---------------------------------------------------------------------------
In-Person Board/Committee Meeting Attendance Fee | $1,500.00 |
---------------------------------------------------------------------------
---------------------------------------------------------------------------
Telephone Board/Committee Meeting Attendance Fee | $1,000.00 |
---------------------------------------------------------------------------
---------------------------------------------------------------------------
Equity Incentive Grants | As determined periodically by |
the Board of Directors. Currently, annual grants with a value
of $115,000 based on a Black-Scholes valuation
---------------------------------------------------------------------------