The Compensation Committee is responsible for discharging the responsibilities of the Board relating to the compensation of the Company’s officers, reviewing and approving corporate goals and objectives relevant to the Chief Executive Officer and other senior officers, evaluating the performance of these officers in light of those goals and objectives, and setting the compensation of these officers based on their evaluation; making recommendations to the Board of Directors with respect to compensation plans; meeting annually with the CEO to develop appropriate goals and objectives for the annual and longer-term executive incentive plans, which are then reviewed with the entire Board; and evaluating the CEO's performance in determining the CEO's compensation.