Exhibit 10.2

 

2005 Board Compensation Policy Summary

 

Cash Compensation:

 

Meetings

--------------------------------------------------------------------------------

   2004
Amount Per
Meeting

--------------------------------------------------------------------------------

   No. of
Meetings
(FY 2004)

--------------------------------------------------------------------------------

   2005
Amount Per
Meeting

--------------------------------------------------------------------------------

Board

          5       

Chair

   $ 7,000         $ 7,000

Member

   $ 5,000         $ 5,000

Audit Committee

          5       

Chair*

   $ 5,000         $ 2,500

Member

   $ 1,500         $ 1,500

Governance & Nominating Committee

          5       

Chair

   $ 1,500         $ 2,500

Member

   $ 1,000         $ 1,000

Compensation Committee

          1       

Chair

   $ 1,500         $ 2,500

Member

   $ 1,000         $ 1,000

 

* For 2005, the Chair will also receive $10,000 per quarter in addition to the
$2,500 meeting fee.

 

Other Compensation:

    

Automatic Options:

    

New Director Grant (1 in FY 2004)

     10,000 options

Continuing Director Grant (4 in FY 2004)

       2,500 options

Continuing Chair Grant (1 in FY 2004)

       3,750 options

Discretionary Options:

    

Continuing Director Grant (4 in FY 2004)

       5,000 options

Continuing Chair Grant (1 in FY 2004)

       6,250 options

Stock Bonus Award:

    

Director Award (5 in FY 2004)

   $25,000 (1,248 shares in 2004)

Chair Award (1 in FY 2004)

   $30,000 (1,497 shares in 2004)