Exhibit 10.11

 

Compensation of Directors

 

Directors who are not officers or employees of our general partner will receive
(a) a $25,000 annual cash retainer fee, (b) $1,500 for each regularly scheduled
meeting attended, (c) $750 for each special meeting attended and (d) awards
under our Long-Term Incentive Plan. In addition to the foregoing, each director
who serves on a committee will receive $1,000 for each committee meeting
attended, the chairman of our audit committee will receive an annual retainer of
$5,000 and the chairmen of our other committees will receive an annual retainer
of $2,500. In addition, each non-employee director will be reimbursed for his
out-of-pocket expenses in connection with attending meetings of the board of
directors or committees. Each director will be fully indemnified by us for his
actions associated with being a director to the fullest extent permitted under
Delaware law.

 

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