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EXHIBIT 10(x)




COMPENSATION OF NON-EMPLOYEE DIRECTORS




|  |                                                                                                                                                                              
|- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|Ø | Non-Employee Directors receive the following annual retainers
    (paid in advance semi-annually in May and November, prorated
    quarterly as applicable) and meeting fees:

|                                                                                                                                                                                                                                                                                                                                           |                                  |   |        |       | 
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ | -------------------------------- | - | ------ | ----- | 
|Annual Board Retainer:                                                                                                                                                                                                                                                                                                                     |                                  | $ | 40,000 |      
|Lead Director Annual Retainer                                                                                                                                                                                                                                                                                                              |                                  |   | 10,000 |      
|Committee Chair Annual Retainer:                                                                                                                                                                                                                                                                                                           |                                  |   | 10,000 |      
|Audit Committee Annual Retainer (includes eight regularly
    scheduled meetings per year including conference call meetings)
    (If there are nine or more meetings, the Audit Chair can call
    for payment of a $1,000 meeting fee for all participating
    Committee members in the event any extra meeting exceeds 30
    minutes) |                                  |   | 5,000  |      
|Board Meeting Fee (typically five meetings per year):                                                                                                                                                                                                                                                                                      |                                  |   | 2,000  |      
|Committee Meeting Fee:                                                                                                                                                                                                                                                                                                                     |                                  |   |        |      
|                                                                                                                                                                                                                                                                                                                                           | In connection with Board meeting |   |        | 500   | 
|                                                                                                                                                                                                                                                                                                                                           | Other meeting                    |   |        | 1,000 | 



|  |                                                               
|- | --------------------------------------------------------------
|Ø | They also receive stock options as follows through March 2008:

|                                                                                                                       |  |   |                     | 
|---------------------------------------------------------------------------------------------------------------------- |  | - | ------------------- | 
|Initial grant upon joining Board (vesting in three annual
    increments):                                             |  | $ | 175,000 face value, | 
|Annual grant each February (one-year vesting):                                                                         |  |   | 7,500 shares*       | 
|(prorated by quarter if director elected after prior February)                                                         |  |   |                     | 
|*but growth in face value capped at cumulative compound annual
    rate of 8% from February 2004 option exercise price |  |   |                     | 



|  |                                                                                                                                                                                                     
|- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|Ø | Under an unfunded fee deferral program, retainer and/or meeting
    fees may be deferred into one or both investment vehicles.
    Transfers of account balances between vehicles are not permitted.



| |   |                                                                                                                                                                       
| | - | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |  | Interest rate option tied to 24-month average rate on 7-year
    Treasuries, fixed at each year end for the next year.                                                
|
| |  | JP phantom stock, with dividend equivalents credited in shares.
    JP currently hedges the cost of this phantom stock through a
    Rabbi Trust that holds JP shares.



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|- | ---------------------------------------------------------------------------------------
|Ø | Directors also are eligible for matching of charitable gifts up
    to $5,000 per year.
| 
|Ø | Directors also are covered by Travel Accident Insurance.                               
| 
|Ø | JP covers travel expenses for Directors to attend meetings.                            

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