HFFC » Topics » Compensation of Directors.

This excerpt taken from the HFFC DEF 14A filed Oct 15, 2007.
Compensation of Directors.   In fiscal 2007, each non-employee director who served as a member of the Board of Directors during the entire fiscal year, received an aggregate of 960 shares of restricted Common Stock pursuant to the 1996 Director Restricted Stock Plan. The 1996 Director Restricted Stock Plan terminated in accordance with its terms on January 1, 2007. Non-employee directors serving on each of the Personnel, Compensation and Benefits Committee and the Nominating and Corporate Governance Committee also receive a meeting fee of $400 for each committee meeting they attend. Non-employee directors serving on the Audit Committee receive a meeting fee of $600 for each committee meeting they attend, and the Chairman of the Audit Committee receives a fee of $800 for each meeting attended. Employee directors receive no fees or other awards for their service as a director.

This excerpt taken from the HFFC DEF 14A filed Oct 6, 2006.
Compensation of Directors.   Non-employee directors currently receive restricted stock in amounts determined in accordance with provisions of the Corporation’s 1996 Director Restricted Stock Plan. In fiscal 2006, each non-employee director who served as a member of the Board of Directors during the entire fiscal year, received an aggregate of 804 shares of restricted Common Stock pursuant to the 1996 Director Restricted Stock Plan. The 1996 Director Restricted Stock Plan terminates in accordance with its terms on July 1, 2007. Non-employee directors serving on each of the Personnel, Compensation and Benefits Committee and the Nominating and Corporate Governance Committee also receive a meeting fee of $400 for each committee meeting they attend. Non-employee directors serving on the Audit Committee receive a meeting fee of $600 for each committee meeting they attend, and the Chairman of the Audit Committee receives a fee of $800 for each meeting attended. Employee directors receive no fees or other awards for their service as a director.

This excerpt taken from the HFFC DEF 14A filed Oct 14, 2005.
Compensation of Directors.   Non-employee directors receive restricted stock in amounts determined in accordance with provisions of the Corporation’s 1996 Director Restricted Stock Plan. In fiscal 2005, each non-employee director who served as a member of the Board of Directors during the entire fiscal year, received an aggregate of 1,030 shares of restricted Common Stock pursuant to the 1996 Director Restricted Stock Plan. Non-employee directors serving on each of the Personnel, Compensation and Benefits Committee and the Nominating and Corporate Governance Committee also receive a meeting fee of $400 for each committee meeting they attend. Non-employee directors serving on the Audit Committee receive a meeting fee of $600 for each committee meeting they attend, and the Chairman of the Audit Committee receives a fee of $800 for each meeting attended. Employee directors receive no fees or other awards for their service as a director.

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