EX-10.11 2 ex10_11.htm EXHIBIT 10.11 ex10_11.htm

 

 
EXHIBIT 10.11

During the Company’s Board of Directors meeting held on November 16, 2009, the Board approved compensation increases paid to non-employee directors.  The following table reflects the compensation effective January 1, 2010, and the compensation previously paid to non-employee Directors.


   
Compensation Effective January 1, 2010
    
Previous Compensation
  
 
Base compensation, per annum
 
   $ 30,000     $ 25,000  
Attendance fee per meeting
 
     1,000       --  
Additional annual compensation for
    Chairman of the Audit Committee
 
     5,000       5,000  
Additional annual compensation for
    Chairman of the Compensation Committee
 
     2,500       --  
Additional annual compensation for
    Chairman of the Nominating and Corporate
    Governance Committee
 
     2,500       --