Additional Corporate Policies

Director stock ownership guidelines
It is the recommendation of the Board that all directors hold an equity interest in the Company. Accordingly, each non-employee director should acquire and hold Company stock with a value equivalent to three times the annual retainer, equivalent to $75,000 based on the current $25,000 annual retainer. Non-employee directors should satisfy this standard within four years from the date the director joins the Board or the adoption of this policy.

Executive stock ownership guidelines
It is the recommendation of the Board that all executive officers, consistent with their responsibilities to the shareholders of the Company as a whole, hold an equity interest in the Company. Accordingly, each executive officer of the Company should acquire and hold Company stock with a value equivalent to $100,000. Executive officers should satisfy this standard within four years from the date of becoming an executive officer or the adoption of this policy.