Exhibit 10.89

 

Summary of Non-Employee Director Compensation, effective May 22, 2006

 

Cash Compensation

--------------------------------------------------------------------------------

    

Annual Retainer for the Lead Director

   $ 25,000

Annual Retainer for Directors

   $ 18,000

Fee per Board Meeting*

   $ 750

Fee per Committee Meeting*

      

Audit Committee

      

Chairperson

   $ 2,000

Member

   $ 750

Compensation Committee

      

Chairperson

   $ 1,000

Member

   $ 750

Nominating and Corporate Governance Committee

      

Chairperson

   $ 1,000

Member

   $ 750

--------------------------------------------------------------------------------

* Board and Committee Meeting Fees are capped at a maximum of $2,750 per day for
each Director who serves on multiple committees.

 

Payment of Cash Compensation

 

The Annual Retainer will be paid in two installments in May and November. Board
and Committee Meeting Fees will be paid in arrears for the prior quarter’s
meetings.

 

Equity Compensation

 

The Lead Director will be granted restricted stock awards with a grant date
value of $55,000. All other Directors will be granted restricted stock awards
with a grant date value of $50,000. The restricted stock awards will vest upon
completion of service on the Board from the 2006 annual shareholders meeting
until the 2007 annual shareholders meeting.