This excerpt taken from the GIS DEF 14A filed Aug 14, 2007.
Annual Retainer. Non-employee directors each receive an annual retainer of $75,000. The Chair of the Audit Committee receives an additional $15,000, Chairs of other Committees receive an additional $10,000, and other Audit Committee members receive an additional $5,000. We do not pay any additional fees for attending or chairing a meeting. We pay annual retainers in quarterly installments. Directors can elect to have their retainers paid in cash and/or common stock.