Exhibit 10.1 Summary of Compensation Arrangements with Directors (Effective October 1, 2005) This exhibit summarizes the compensation arrangements between the Company and its non-employee directors. Directors who are employees of the Company receive no additional compensation for serving as a director. Base Compensation - ----------------- The Company pays to non-employee directors annual fees of $15,000 plus $1,500 for each directors' meeting attended. Committee Fees - -------------- The Company pays certain non-employee directors additional fees as follows: * $10,000 Annual Fee to the Chair of the Audit Committee, plus $1,500 to the Chair for attendance at any Audit Committee meeting other than the four regularly scheduled quarterly meetings; * $5,000 Annual Fee to the other members of the Audit Committee, plus $1,000 for attendance at any Audit Committee meeting other than the four regularly scheduled quarterly meetings; * $2,000 Annual Fee to the Chairs of the Compensation Committee and the Nominating and Corporate Governance Committee and $1,000 Annual Fee to the other members of such committees; and * $1,500 Meeting Fee to the Chairs and $1,000 Meeting Fee to other committee members of the Compensation Committee and the Nominating and Corporate Governance Committee (and other ad hoc committees) for each meeting attended. Stock Grant - ----------- Subject to shareholder approval at the 2006 Annual Meeting of Shareholders, non-employee directors will receive an automatic grant of 500 shares of the common stock of the Company. Expense Reimbursement - --------------------- The Company reimburses directors for travel and lodging expenses that they incur in connection with their attendance of directors' meetings and meetings of shareholders of the Company. Consulting Arrangement - ----------------------- Luke E. Fichthorn, one of the Company's non-employee directors, provides financial consulting and other services to the Company for which he receives annual compensation in the amount of $30,000.