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This excerpt taken from the BORL DEF 14A filed Apr 17, 2008. Fees
In 2007, we paid cash fees to each non-employee director for his
services. Fees paid include an annual retainer of $20,000, paid
in quarterly installments of $5,000. The annual retainer is
prorated if a director serves for only a portion of a year. In
addition, directors are paid a flat fee for attendance at each
meeting of our Board and for attendance at each meeting of a
Board committee on which they serve as follows:
Table of Contents
Tod Nielsen, the sole employee director, receives no additional
cash compensation for his service on our Board or any Board
committee. All directors are reimbursed for their expenses in
connection with their service on the Board and its committees.
This excerpt taken from the BORL DEF 14A filed Apr 30, 2007. Fees
In 2006, we paid cash fees to each non-employee director for his
services. Fees paid include an annual retainer of $20,000, paid
in quarterly installments of $5,000 and a flat fee, subject to
certain fee caps described in the footnote to the table below,
for attendance at each meeting of our Board and for attendance
at each meeting of a Board committee on which they serve as
follows:
Table of Contents
Starting in January 2007, the number of meetings for which
non-employee directors are paid for attending will no longer be
capped. The Compensation Committee and Board reviewed
non-employee director compensation in December 2006, and the
Board approved this change. No other changes were made.
Tod Nielsen, the sole employee director, receives no additional
cash compensation for his service on our Board or any Board
committee. All directors are reimbursed for their expenses in
connection with their service on the Board and its committees.
This excerpt taken from the BORL 8-K filed Jan 17, 2007. Fees We pay cash fees to each non-employee director for his or her services. Fees paid include an annual retainer of $20,000 and a flat fee for attendance at each meeting of our Board and for attendance at each meeting of a Board committee on which they serve as follows:
Our directors are reimbursed for reasonable expenses incurred in connection with attending Board or committee meetings. We do not provide any retirement benefits or other perquisites to our directors. This excerpt taken from the BORL DEF 14A filed May 8, 2006. Fees
We pay cash fees to each non-employee director for his or her services. Fees paid include an annual retainer of $20,000 and a flat fee, subject to certain fee caps described below, for attendance at each meeting of our Board and for attendance at each meeting of a Board committee on which they serve as follows:
8
Table of ContentsThe sole employee director receives no additional cash compensation for his service on our Board or any Board committee. All directors are reimbursed for their expenses in connection with their service on the Board and its committees.
This excerpt taken from the BORL 10-K filed May 2, 2006. Fees We pay cash fees to each non-employee director for his or her services. Fees paid include an annual retainer of $20,000 and a flat fee, subject to certain fee caps described below, for attendance at each meeting of our Board of Directors and for attendance at each meeting of a Board committee on which they serve as follows:
The sole employee director receives no additional cash compensation for his service on our Board of Directors or any Board committee. All directors are reimbursed for their expenses in connection with their service on our Board Directors and its committees. This excerpt taken from the BORL 10-Q filed Aug 9, 2005. Section 15. Fees
Each director may receive such fees and other compensation, along with reimbursement of expenses incurred on behalf of the corporation or in connection with attendance at meetings, as the Board of Directors may from time to time determine. No such payment of fees or other compensation shall preclude any director from serving the corporation in any other capacity and receiving fees and compensation for such services.
This excerpt taken from the BORL 8-K filed May 16, 2005. Fees
Director compensation fees include an annual retainer of $20,000 and a flat fee, subject to certain fee caps described below, for attendance at each meeting of our board of directors and for attendance at each meeting of a board committee on which they serve as follows:
Regularly Scheduled Board of Directors Meeting
Special Board Meetings (fees limited to 10 meetings per year)
Audit Committee Meetings (fees limited to 10 meetings per year)
Compensation Committee Meetings (fees limited to 6 meetings per year)
Nominating & Governance Committee Meetings (fees limited to 4 meetings per year)
The sole employee director receives no additional cash compensation for his service on our board or any board committee. All directors are reimbursed for their expenses in connection with their service on the board and its committees.
This excerpt taken from the BORL 10-Q filed May 10, 2005. Fees
Director compensation fees include an annual retainer of $20,000 and a flat fee, subject to certain fee caps described below, for attendance at each meeting of our board of directors and for attendance at each meeting of a board committee on which they serve as follows:
Regularly Scheduled Board of Directors Meeting
Special Telephonic Board Meetings (fees limited to 10 meetings per year)
Audit Committee Meetings (fees limited to 10 meetings per year)
Compensation Committee Meetings (fees limited to 6 meetings per year)
Corporate Governance Committee Meetings (fees limited to 4 meetings per year)
Nominating Committee Meetings (fees limited to 4 meetings per year)
The sole employee director receives no additional cash compensation for his service on our board or any board committee. All directors are reimbursed for their expenses in connection with their service on the board and its committees.
This excerpt taken from the BORL DEF 14A filed Apr 8, 2005. Fees
We pay cash fees to each non-employee director for his or her services. Fees paid include an annual retainer of $20,000 and a flat fee, subject to certain fee caps described below, for attendance at each meeting of our board of directors and for attendance at each meeting of a board committee on which they serve as follows:
9
Table of ContentsThe sole employee director receives no additional cash compensation for his service on our board or any board committee. All directors are reimbursed for their expenses in connection with their service on the board and its committees.
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