EXHIBIT 10.1
DIRECTORS' FEES
| Annual Fees & | Payable as Follows* | For Each Meeting |
Annual Retainer Fee | $25,000 + 500 units | $6,250 quarterly; 500 units awarded on election to the Board and annually on the date of the Annual Stockholders' meeting; retainer fees awarded for the quarter when director is elected to the board | -- |
Retainer Fee for the Compensation & Corporate Governance Committees (non-chair) | Zero cash payments, units totaling $6,000 in value | $1,500 in units quarterly | -- |
Retainer Fee for the Audit Committee (non-chair) | Zero cash payments, units totaling $9,000 in value | $2,250 in units quarterly | -- |
Retainer Fee for the Compensation & Corporate Governance Committees (chair) | Zero cash payments, units totaling $9,000 in value | $2,250 in units quarterly | -- |
Retainer Fee for the Audit Committee (chair) | Zero cash payments, units totaling $12,000 in value | $3,000 in units quarterly | -- |
Board of Directors Meeting Fee | -- | -- | $2,000 paid for each meeting attended |
Committee Meeting Fee for the Compensation, Corporate Governance & Audit Committees (non-chair) | -- | -- | $1,000 paid for each meeting attended |
Committee Meeting Fee for the Compensation, Corporate Governance & Audit Committees (chair) | -- | -- | $1,500 paid for each meeting attended |
*Retainer fees are paid during the months of January, April, July & October