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Director Compensation

Our non-employee directors receive the following annual compensation:

Director Compensation  
Annual retainer $ 75,000
Annual restricted stock grant of class A common stock $ 110,000
Retainer, Audit Committee chairperson $ 20,000
Retainer, all other committee chairpersons $ 10,000

Upon joining the Board, a new non-employee director receives a restricted stock grant of class A common stock in the amount of $25,000. Employee directors receive no additional compensation for Board-related activities.

See the 2007 proxy statement for a detailed discussion of director compensation.

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