Exhibit 10.7
Effective as of 1/1/17

SUMMARY OF ANNUAL NON-MANAGEMENT DIRECTOR COMPENSATION

I.    Board Members (Other than the Chairman)

A.
Annual Cash Compensation

Annual Cash Retainer:
$125,000
 
 
Additional Cash Retainer for Chairman of Audit Committee:
$25,000
 
 
Additional Cash Retainer for Chairs of Compensation Committee,
Nominating and Corporate Governance Committee, Science and
Technology Committee and Strategy and Finance Committee:
$15,000
 
 

B.
Equity Compensation

Annual equity grants are made upon the recommendation of the Compensation
Committee.

II.
Chairman of the Board

A.
Annual Cash Compensation

Annual Cash Retainer:
$295,000

B.
Equity Compensation

Annual equity grants are made upon the recommendation of the Compensation
Committee.

III.
Travel Expenses

Directors are reimbursed for reasonable out-of-pocket expenses incurred in
attending meetings.

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