Exhibit 10.10
Effective as of 02/26/13
SUMMARY OF ANNUAL NON-MANAGEMENT DIRECTOR COMPENSATION
I. Board Members (Other than the Chairman)
A. Annual Cash Compensation
Annual Cash Retainer: $100,000
Additional Cash Retainer for Chairman of Audit Committee: $ 25,000
Additional Cash Retainer for Chairs of Compensation Committee,
Nominating and Corporate Governance Committee, Science and
Technology Committee and Strategy and Finance Committee: $ 15,000
B. Equity Compensation
Annual equity grants are made upon the recommendation of the Compensation Committee.
II. Chairman of the Board
A. Annual Cash Compensation
Annual Cash Retainer: $270,000
B. Equity Compensation
Annual equity grants are made upon the recommendation of the Compensation Committee.
III. Travel Expenses
Directors are reimbursed for reasonable out-of-pocket expenses incurred in attending meetings.