EXHIBIT 10.1
Published on August 14, 2007
EXHIBIT 10.1
On
June 11, 2007, we implemented a new non-employee director compensation
policy for service on our Board of Directors, Audit Committee, Compensation
Committee and Nominating and Corporate Governance Committee as
follows:
|
Position
|
Compensation
|
|
|
Director
|
$1,000 per
board meeting (up to maximum of $4,000 per annum)
|
|
|
Audit
Committee (Chairman)
|
$3,000 per
annum
|
|
|
Audit
Committee (Member)
|
$1,500 per
annum
|
|
|
Compensation
Committee (Chairman)
|
$2,000 per
annum
|
|
|
Compensation
Committee (Member)
|
$1,000 per
annum
|
|
|
Nominating
and Corporate Governance Committee (Chairman)
|
$1,000 per
annum
|
|
|
Nominating
and Corporate Governance Committee (Member)
|
$1,000 per
annum
|
No
director is compensated for more than one committee membership per year in
addition to their board retainer, and directors who are officers receive no
compensation for the board related work whatsoever.