Attached files
Exhibit 10.2
DIRECTOR COMPENSATION
| All compensation values are in US $ |
Proposed AFTER EMERGENCE | |
| Board Service |
||
| Annual Cash Retainer |
$75,000 | |
| Board Meeting Fees |
$0 | |
| Annual Equity Grant |
$75,000 | |
| Chairman |
$150,000 (additional) | |
| Audit Committee Service |
||
| Chair Retainer |
$25,000 | |
| Member Retainer |
$0 | |
| Meeting Fee |
$0 | |
| Other Committee Service |
||
| Chair retainer |
$15,000 | |
| Member Retainer |
$0 | |
| Meeting Fee |
$0 | |
| Total Direct Compensation Simulations |
||
| Typical Director |
$150,000 | |
| Typical Committee Chair |
$165,000 | |
| Typical Audit Committee Chair |
$175,000 | |
| Share Ownership guideline |
1 X Annual Retainer within 3 years to be calculated at market value at time of testing | |