The Board encourages directors to be investors in the Company, as stock ownership in the Company aligns the interests of the directors with those of the Company’s stockholders. Accordingly, the Board has adopted these stock ownership guidelines for non-employee directors. Each of the non-employee directors shall own a number of shares of the Company’s common stock equal in value to five times the amount of the annual retainer paid by the Company to such director. If a non-employee director does not meet the applicable guideline at any time after an initial five-year period, the non-employee director is required to hold 100% of the shares resulting from any future vesting of restricted stock or restricted stock units until the guideline is met; provided, however, a director may sell shares to cover any tax obligation related to the vesting of such shares.