Exhibit 10.12
Cash Compensation of Outside Directors
Cash Compensation of Non-Employee Directors is as follows:
Annual Retainer: $45,000
Additional Annual Retainer for Chairman of the Board: $30,000
Additional Annual Retainer for Audit Committee members: |
| | |
Chairman: | $20,000 | |
Other members: | $10,000 | |
Additional Annual Retainer for Compensation Committee members: |
| | |
Chairman: | $15,000 | |
Other members: | $8,000 | |
Additional Annual Retainer for Nominating and Governance Committee members: |
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Chairman: | $10,000 | |
Other members: | $5,000 | |
Fees are paid quarterly in arrears. There are no per meeting fees.