Exhibit 10.18


Summary of
Compensation Arrangements for Nonemployee Directors


The Company’s nonemployee directors are as
follows:  Donald G. Calder, Robin S.
Callahan, Paul J. Choquette, Jr., Peter L.A. Jamieson, Peter F. Krogh,
Anthony W. Ruggiero, Lawrence A. Sala, Eriberto R. Scocimara and Magalen C.
Webert.


For 2006, the annual fee paid to each nonemployee
director was $35,000. In addition, a $5,000 annual attendance fee is paid to
each nonemployee director who attends at least 75% of the aggregate of (i) the
total number of Board of Directors meetings which he or she is eligible to
attend, and (ii) all meetings of committees of the Board on which the
director serves. For 2006, each nonemployee director attended at least 75% of
such meetings and received a $5,000 annual attendance fee.


The Board has standing Executive, Audit, Compensation,
Pension and Benefits and Corporate Governance and Nominating Committees.


The following table
summarizes the compensation paid to Mr. Munn, Chairman of the Board of
Directors and each nonemployee director for his or her service to the Board and
its committees during 2006:


Director
Compensation Table




	
  Name

  	
   

  	
   

  	
   

  	
  Fees

  Earned or

  Paid in

  Cash ($)(1)

  	
   

  	
  Option Awards

  ($)(2)(3)

  	
   

  	
  All Other

  Compensation ($)(4)

  	
   

  	
  Total ($)

  	
   

  
	
  Donald G. Calder

  	
   

  	
   

  	
  $

  	
  75,000

  	
   

  	
   

  	
   

  	
  $

  	
  30,683

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  $

  	
  105,683

  	
   

  
	
  Robin S. Callahan

  	
   

  	
   

  	
  $

  	
  75,000

  	
   

  	
   

  	
   

  	
  $

  	
  30,683

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  $

  	
  105,683

  	
   

  
	
  Paul J.
  Choquette, Jr.

  	
   

  	
   

  	
  $

  	
  70,000

  	
   

  	
   

  	
   

  	
  $

  	
  30,683

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  $

  	
  100,683

  	
   

  
	
  Peter L.A.
  Jamieson

  	
   

  	
   

  	
  $

  	
  65,000

  	
   

  	
   

  	
   

  	
  $

  	
  30,683

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  $

  	
  95,683

  	
   

  
	
  Peter F. Krogh

  	
   

  	
   

  	
  $

  	
  65,000

  	
   

  	
   

  	
   

  	
  $

  	
  30,683

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  $

  	
  95,683

  	
   

  
	
  Stephen P. Munn

  	
   

  	
   

  	
  $

  	
  900,000

  	
  (5)

  	
   

  	
   

  	
  $

  	
  153,416

  	
   

  	
   

  	
   

  	
  $

  	
  39,834

  	
   

  	
   

  	
  $

  	
  1,093,250

  	
   

  
	
  Anthony W.
  Ruggiero

  	
   

  	
   

  	
  $

  	
  85,000

  	
   

  	
   

  	
   

  	
  $

  	
  30,683

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  $

  	
  115,683

  	
   

  
	
  Lawrence A. Sala

  	
   

  	
   

  	
  $

  	
  65,000

  	
   

  	
   

  	
   

  	
  $

  	
  30,683

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  $

  	
  95,683

  	
   

  
	
  Eriberto R.
  Scocimara

  	
   

  	
   

  	
  $

  	
  70,000

  	
   

  	
   

  	
   

  	
  $

  	
  30,683

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  $

  	
  100,683

  	
   

  
	
  Magalen C. Webert

  	
   

  	
   

  	
  $

  	
  52,500

  	
   

  	
   

  	
   

  	
  $

  	
  30,683

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  $

  	
  83,183

  	
   

  
																						










(1)          The following directors
received a portion of their annual fee in Shares:  Mr. Choquette—206 Shares, Mr. Krogh—103
Shares and Mr. Sala—103 Shares.


(2)          The value of the option
awards shown in the table is equal to the expense reported for financial
reporting purposes in 2006 (before reflecting forfeitures). Note 11 to the
Company’s consolidated financial statements included in the 2006 Annual Report
on Form 10-K contains more information about the Company’s
accounting for stock-based compensation arrangements.


(3)          The full grant date fair
value of the option awards shown in the table for the listed directors is as
follows:  Mr. Calder - $38,440, Mrs. Callahan
- $38,440, Mr. Choquette - $38,440, Mr. Jamieson - $38,440, Mr. Krogh
- $38,440, Mr. Munn - $192,200, Mr. Ruggiero - $38,440, Mr. Sala
- $38,440, Mr. Scocimara - $38,440 and Mrs. Webert - $38,440. Note 11
to the Company’s consolidated financial statements included in the 2006 Annual
Report on Form 10-K contains more information about the Company’s
accounting for stock-based compensation arrangements.


(4)          Includes (i) $10,000
for Company matching contributions to the Company’s Employee Incentive Savings
Plan, (ii) $18,013 for reimbursement of financial management fees, (iii) $6,360
for reimbursement of country club dues, and (iv) $5,461 for personal use
of Company aircraft. The $5,461 represents the incremental cost to the Company
for personal travel based on the cost of fuel, trip-related maintenance, crew
travel expenses, on-board catering, landing fees and similar variable costs. 













Since the Company-owned
aircraft is used almost exclusively for business travel, fixed costs that do
not change based on usage, such as pilots’ salaries, the purchase costs of the
aircraft and the cost of the maintenance not related to the personal use, are
not included.


(5)          Mr. Munn is also an
executive officer of the Company. The $900,000 represents salary of $525,000
and a bonus of $375,000. Since 2003, Mr. Munn has been eligible for an
annual pension benefit of $400,000. Mr. Munn has elected to forego this
benefit. The Compensation Committee has taken into account Mr. Munn’s
election to forego his pension benefit in determining his salary and bonus.


In addition, on February 7, 2007, Mr. Munn
received an option to acquire 10,000 Shares of the Company’s common stock and
each nonemployee director received an option to acquire 2,000 Shares of the
Company’s common stock all grants at an option price of $83.74, which was equal
to the closing market price of the shares on the date of grant. All options
expire ten (10) years following the date of grant.


Under the Deferred Compensation Plan for Nonemployee
Directors, each nonemployee director is entitled to defer up to 100% of his or
her annual retainer and meeting fees. Each participant can direct the “deemed
investment” of his or her account among the different investment funds offered
by the Company from time to time. Initially, the investment options include (i) a
fixed rate fund and (ii) Share equivalent units. All amounts held under
the Deferred Compensation Plan are 100% vested amounts credited to a
participant’s account and generally will be paid or commence to be paid after
the participant terminates service as a director. At the participant’s
election, payments can be made in a lump sum or in quarterly installments. Payments
under the Deferred Compensation Plan are made in cash from the Company’s
general assets.  For the period January 1,
2006 to December 31, 2006, the fixed rate fund accrued interest at five
and one-half percent (5.5%) per annum and the aggregate interest accrued for
all participants in the Deferred Compensation Plan was $42,755.