**Exhibit 10.1**

 

**Description of Director Compensation***

 
| **Compensation  Element**                | ** **                       | **Terms or Amounts**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
|------------------------------------------|----------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| **General  Board Service – Cash**   |                             | ·  Board retainer: $30,000

·  Board meeting fees: none                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
| ** **                               |                             |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| **General  Board Service – Equity** |                             | ·  Initial grant: 21,000 shares of stock-settled  stock appreciation rights (“SS-SAR’s”) and 4,500 shares of restricted stock  units (“RSU’s”)

·  Annual grant: 8,400 shares of SS-SAR’s and 1,800  shares of RSU’s                                                                                                                                                                                                                                                                                                                                                                                                                 |
| ** **                               |                             |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| **Equity  Vesting**                      |                             | ·  Initial grant:

SS-SAR’s: 4-year vest; 25% cliff vest after one year and monthly thereafter

RSU’s: 4-year vest; 50% after two years and 50% on the four year  anniversary of the grant date

·  Annual grant: 100% vest one year after the date of  grant.

·  If a director resigns from the Board at an annual  meeting that is within 30 days of the first anniversary of the date of grant,  100% of the annual grant will vest on the first anniversary of the date of  grant.

·  Directors are eligible for an annual grant in  their first year of service only if their election was at least 6 months prior  to the annual grant |
| ** **                               |                             |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| **Board  Chair Compensation**            |                             | ·  $10,000 additional Board Service retainer (i.e.,  total Board Service retainer of $40,000)

·  Receives same Committee member/chair retainers and  equity awards as other Directors                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
| ** **                               |                             |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| **Committee  Service**                   |                             | ·  Eliminate per meeting fees and replace with the  following retainers:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
| ** **                               |                             |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| ** **                               | **Committee**                    | ** **                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       | **Chair** | ** ** | **Member** | ** ** |
|                                     | Audit                            |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             | $ | 25,000 |   | $ | 15,000 |   |
|                                     | Compensation                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             | $ | 15,000 |   | $ | 10,000 |   |
|                                     | Nominating & Governance |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             | $ | 10,000 |   | $ | 5,000 |   |

 

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*  As clarified May 13, 2009.

 

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