EX-10.64 8 ex10-642004k.htm MANAGEMENT COMPENSATION Exhibit 10.64 NSE 2004 FORM 10-K Director Compensation

NON-MANAGEMENT DIRECTOR COMPENSATION

It is currently the Company’s policy to compensate non-management members of its Board of Directors as follows:

1.

Annual Retainers:


    $35,000 for Board service

    $15,000 for Audit Committee Chair

    $10,000 for Compensation Committee Chair and Nominating/Corporate Governance Committee Chair

2.

Meeting Attendance:


    $1,500 per Board meeting attended

    $1,500 per committee meeting attended

    $1,000 per committee meeting attended by chairperson (in addition to $1,500 above)

3.   Stock:

    2,500 stock grant upon election to Board

    10,000 option grant per year (vests on the day before the next annual stockholders’ meeting)