Exhibit 10.24

 

Non-Employee Director Compensation

 

We currently pay our non-employee directors annual retainer of $24,000, plus
$1,000 per day for attendance at meetings of the Board of Directors or $500 if
the meeting is telephonic.  Pay for attendance at meetings of Committees of the
Board of Directors is $750 per day or $375 if the meeting is telephonic.  Each
Chairperson of a Committee of the Board of Directors also receives an annual
retainer.  The annual retainer is $7,500.

 

Our non-employee directors receive an option to purchase 1,500 shares of our
common stock quarterly on the date that is two days after the public
announcement of our earnings for the immediately preceding quarter.  Such
options become exercisable in four equal annual installments commencing one year
after the grant date and expire ten years after the grant date.

 

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