Exhibit 10.46

Schedule of Compensation for Non-Employee Directors

 

Annual Retainer

   $ 10,000  

Committee Chairman Annual Retainer:

  

Audit Committee

   $ 12,500  

Compensation Committee

   $ 6,000  

Committee Member Annual Retainer

  

Audit Committee

   $ 7,500  

Compensation Committee

   $ 4,000  

Regular Board Meeting Fee

   $ 2,500 (1)

Special Board Meeting Fee

   $ 1,000 (2)

Committee Meeting Fee

   $ 1,000 (3)

New Member Restricted Stock/Stock Option Award Grant (#)

        (4)

Committee Chairman Restricted Stock Award

  

Audit Committee (#)

        (4)

Compensation Committee (#)

        (4)

Nominating Committee (#)

        (4)

Committee Member Restricted Stock Award

  

Audit Committee (#)

        (4)

Compensation Committee (#)

        (4)

Annual Director Stock Option Grant

        (4)

Annual Director Restricted Stock Grant

        (4)

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(1) The fee is $1,000 if participation is by telephone.

(2) The fee is $500 if participation is by telephone.

(3) The fee is $500 if participation is by telephone.

(4) Any award is at the discretion of the Compensation Committee or Board of
Directors.

 

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Schedule of Compensation for

Chairman of the Board of Directors

 

Consulting Arrangement

   $ 12,000/month  

Annual Stock Option Grant

     (1 )

Annual Restricted Stock Grant

     (1 )

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(1) Any award is at the discretion of the Compensation Committee or Board of
Directors.

 

2