Exhibit 10.12

 

Board Compensation

 

All non-employee directors will receive a $50,000 annual retainer.  Each member
of the Audit Committee, other than the Chairperson, will receive a $10,000
annual retainer.  Each member of the Compensation Committee, other than the
Chairperson, will receive a $7,500 annual retainer. Each member of the Corporate
Governance and Nominating Committee, other than the Chairperson, will receive a
$5,000 annual retainer.  In addition to the annual Board retainer, the
Chairperson of the Board will receive a $50,000 annual retainer. In lieu of the
annual Audit Committee retainer, the Chairperson of the Audit Committee will
receive a $20,000 annual retainer; in lieu of the annual Compensation Committee
retainer, the Chairperson of the Compensation Committee will receive a $15,000
annual retainer; and in lieu of the Corporate Governance and Nominating
Committee retainer, the Chairperson of the Corporate Governance and Nominating
Committee will receive an $10,000 annual retainer.  Non-employee directors do
not receive any additional compensation for actions by unanimous written consent
of the Board or any of the committees.

 

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