EX-10.3 3 ef20015295_ex10-3.htm EXHIBIT 10.3

Exhibit 10.3
Compensation Policy for Non-Employee Directors

Compensation Element | Compensation
Board Annual Cash Retainer | $35,000
Initial Equity Award (for new directors) | $360,000 (2x Annual)
Annual RSU Award | $180,000
Total Board Comp (Sum of: Annual Cash Retainer + Annual Equity Award) | $215,000
Audit Committee Chair Audit Committee Member | $20,000 $10,000
Comp Committee Chair Comp Committee Member | $15,000 $7,500
Nom/Gov. or other Committee Chair Nom/Gov. or other Committee Member | $7,500 $3,000
Additional Premium for Board Chair | $75,000
Stock Ownership Guidelines | 4x annual cash retainer Time to achieve: 5 years