Non-Employee Director Fees and Other Compensation

 

Exhibit 10.1

Non-EmployeeDirector Fees and Other Compensation

 

 

Annual Director Fees

 

$40,000 (1)

 

 

 

In Person Meeting Fees

 

$1,000

 

 

 

Telephonic Meeting Fees

 

$1,000

 

 

 

Committee Chair Fee

 

Audit Committee: $10,000
Other Committees: $5,000

 

 

 

Committee Fee (Non Chair)

 

Audit Committee: $5,000
Other Committees: None

 

 

 

Committee In Person Meeting Fees

 

$1,000 (if committee meeting is on a day without a Board meeting)

 

 

 

Committee Telephonic Meeting Fees

 

$1,000 (if committee meeting is on a day without a Board meeting)

 

 

 

Lead Director

 

$10,000

 

 

 

Annual Option Awards

 

On an annual basis, each director is entitled to receive options to purchase 3,000 shares of common stock, plus 250 shares of common stock for each year of service beginning in 1997. The options are fully vested upon grant.


(1)    Fees are payable 50% in cash and 50% inshares of common stock.