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This excerpt taken from the JVA DEF 14A filed Feb 28, 2008. Director CompensationNon-employee directors receive $800 per board meeting and committee meeting attended in person and $400 per each board meeting and committee meeting attended telephonically. Non-employee directors are also reimbursed for travel expenses and other out-of-pocket costs incurred in connection with attendance at board of directors and committee meetings. Non-employee directors are also eligible to participate in our stock option plan, the terms of which are discussed elsewhere in this proxy statement. No stock options were granted to non-employee directors in fiscal 2007. Total directors’ meeting and committee fees for fiscal year 2007 were $11,600. We do not compensate our employee directors for service as directors. Directors are also entitled to the protection of certain indemnification provisions in our Articles of Incorporation and bylaws. The following table sets forth information regarding compensation earned by our non-employee directors during the 2007 fiscal year. |
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