EX-99.1 2 dex991.htm DIRECTOR COMPENSATION PROGRAM Director Compensation Program

Exhibit 99.1

 

BOARD COMPENSATION1

 

Annual Cash Retainer

    $ 35,0002

Board and Committee Meeting Attendance Fee

    $ 1,5003

Board Chairman and Committee Chairman Meeting Attendance Fee (in lieu of the $1,500 Board and Committee Meeting Attendance Fee listed above)

    $ 2,0003

Audit Committee Chairman Annual Stipend

    $ 10,0002

Annual Restricted Stock Grant

      4,000 shares4

Restricted Stock Grant to New Director Upon Joining the Board

      2,500 shares5
1 Effective January 1, 2006. All amounts are for non-employee directors. Employee-directors do not receive any additional compensation for service on the Board and its Committees.

 

2 Paid in quarterly installments on February 15, May 15, August 15, and November 15.

 

3 Paid following applicable meeting.

 

4 Granted annually immediately following annual meeting of stockholders. Will vest 100% one year after the date of grant.

 

5 Will vest 100% one year after the date of grant.