Exhibit 10.17

 

SUMMARY OF NON-MANAGEMENT DIRECTOR COMPENSATION

As of January 1, 2006

 

Function

 

Amount Paid

 

Form of Payment

 

 

 

 

 

 

 

Annual Retainer

 

$37,000 annually

 

Payable in quarterly increments in shares of company common stock at its fair
market value

 

 

 

 

 

 

 

Board Meeting Fee

 

$5,000 per meeting

 

Cash per meeting attended

 

 

 

 

 

 

 

Standing Committee Meeting Fee

 

$1,750 per meeting

 

Cash per meeting attended

 

 

 

 

 

 

 

Committee Chair Meeting Fee

 

$2,500 total per meeting

 

Cash per meeting attended

 

 

 

 

 

 

 

Lead-Non Management Director Fee

 

$10,000 annually

 

Payable in cash in quarterly increments

 

 

 

 

 

 

 

Meeting Travel Expenses

 

Reasonable and actual

 

Cash reimbursement

 

 

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