NASHUA CORP
EX-10.20 SUMMARY OF COMPENSATION ARRANGEMENTS WITH DIRECTORS
<DOCUMENT>
<TYPE>EX-10.20
<SEQUENCE>3
<FILENAME>b68182ncexv10w20.htm
<DESCRIPTION>EX-10.20 SUMMARY OF COMPENSATION ARRANGEMENTS WITH DIRECTORS
<TEXT>
<HTML>
<HEAD>
<TITLE>exv10w20</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="right" style="font-size: 10pt; margin-top: 12pt">EXHIBIT 10.20
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>SUMMARY OF COMPENSATION ARRANGEMENTS WITH DIRECTORS</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our non-employee directors receive an annual retainer of $60,000 which is paid in quarterly
installments. They also receive $1,000 in cash plus expenses for each Board meeting or Committee
meeting they attend. In addition, they receive an annual stock option award to purchase 5,000
shares of common stock having an exercise price equal to the fair market value of such shares on
the date of award under the provisions of our stock plans. However, in 2007, each non-employee
director received cash in lieu of stock options that were issuable to each director but were not
issued because the shares were not available under our stock plans. Options issued to non-employee
directors vest one year from the date of grant and expire on the tenth anniversary of the date of
grant.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We pay our Lead Director an additional $7,500 in cash, our Chairman of the Audit/Finance and
Investment Committee an additional $2,500 in cash, and our Chairman of the Leadership and
Compensation Committee an additional $1,500 in cash.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mr.&nbsp;Albert, as our non-executive Chairman, receives the same compensation paid to non-employee
directors (other than committee meeting fees) plus an additional stipend of $50,000. He also
participates in our benefit plans.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mr.&nbsp;Brooker, as our President and Chief Executive Officer, does not receive additional or
special compensation for serving as a director. In addition, Mr.&nbsp;Brooker will be entitled to
receive certain payments upon our change of control or his termination of employment.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
