Exhibit 10.30

 

Non-Employee Director Compensation Summary

 

In 2008, our non-employee directors will receive an annual retainer. In addition
to this retainer, non-employee directors will receive a fee for each regularly
scheduled Board meeting attended in person, a fee for each telephonic Board
meeting attended, an annual fee for each committee on which the non-employee
director serves, a fee for each regularly scheduled meeting of such committee
attended in person, a fee for each telephonic meeting of such committee attended
and a fee for each committee which the non-employee director chairs. The table
below sets forth the annual retainer, board meeting fees, annual committee
meeting fees and fees per committee chaired that we expect to pay to our
non-employee directors during 2008:

 

Name

 

2008
Annual
Retainer(1)

 

Fee Per
Board
Meeting
Attended

 

Fee Per
Telephonic
Board
Meeting
Attended

 

Annual Fee
Per
Committee
Served

 

Fee Per Committee
Meeting
Attended

 

Fee Per Telephonic
Committee
Meeting
Attended

 

Annual Fee Per
Committee
Chaired

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Peter R. Barnett

 

$

20,000

 

$

2,000

 

$

1,000

 

$

3,000

 

$

1,000

 

$

500

 

$

10,000

 

Robert A. Beardsley

 

$

20,000

 

$

2,000

 

$

1,000

 

$

3,000

 

$

1,000

 

$

500

 

 

 

Robert C. Black

 

$

20,000

 

$

2,000

 

$

1,000

 

$

3,000

 

$

1,000

 

$

500

 

$

5,000

 

James E. Daverman

 

$

30,000

 

$

3,000

 

$

1,000

 

$

3,000

 

$

1,000

 

$

500

 

 

 

Robert J. Easton

 

$

20,000

 

$

2,000

 

$

1,000

 

$

3,000

 

$

1,000

 

$

500

 

 

 

George M. Lasezkay

 

$

20,000

 

$

2,000

 

$

1,000

 

$

3,000

 

$

1,000

 

$

500

 

 

 

W. James O’Shea

 

$

20,000

 

$

2,000

 

$

1,000

 

$

3,000

 

$

1,000

 

$

500

 

$

5,000

 

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(1) In addition, we will provide reimbursement to directors for reasonable and
necessary expenses incurred in connection with attendance at meetings of the
Board and other Company business.

 

Upon re-election at our annual meeting of stockholders, each non-employee
director shall automatically be granted an option to purchase 12,000 shares of
our Common Stock, with the exception of Mr. Daverman who shall be granted an
option to purchase 18,000 shares of our Common Stock, with an exercise price per
share equal to the closing price of our Common Stock on the NASDAQ Global Market
on the date of grant. All such options awarded to date provide that they shall
become exercisable in four equal annual installments commencing one year after
the date of grant, provided that the optionee remains a director. In
December 2007, the Compensation Committee recommended that future options
awarded to non-employee directors would become exercisable in one installment
one year after the date of grant.

 

Each new non-employee director is automatically granted an option to purchase
25,000 shares of Common Stock, at an exercise price per share equal to the
closing price of our Common Stock on the NASDAQ Global Market on the date of
grant. All such options shall become exercisable in five equal annual
installments commencing one year after the date of grant, provided that the
optionee remains a director. The right to exercise annual installments of
options will be reduced proportionately based on the optionee’s actual
attendance at meetings of the Board if the optionee fails to attend at least 75%
of the meetings of the Board held in any calendar year.

 

 

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