ADE Corporation 2006 Executive Compensation Summary for Named Executives

Summary

This document outlines the annual base salaries for ADE Corporation's Chief Executive Officer and two other top executives for fiscal year 2006. It also states that these executives may receive annual bonuses based on their performance and the company's financial results, as determined by the Compensation Committee. Any equity compensation granted to these executives is reported separately in SEC filings. The agreement does not specify additional terms or conditions beyond salary and bonus eligibility.

EX-10.1 2 a4980061ex10_1.txt EXHIBIT 10.1 Exhibit 10.1 Summary of Compensation Payable to Named Executives The following table sets forth the annual base salary for fiscal year 2006 of ADE Corporation's ("ADE's") Chief Executive Officer and the most highly compensated executive officers other than the Chief Executive Officer whose annual salary and bonus for fiscal year 2005 exceeded $100,000, also referred to as the "Named Executives." Name and Principal Position Salary - --------------------------- ------ Chris L. Koliopoulos $407,000 President and Chief Executive Officer Brian C. James $319,000 Executive Vice President, Treasurer and Chief Financial Officer David F. Basila $231,000 Vice President In addition to receiving a base salary, ADE's Named Executives are eligible to receive an annual bonus, as determined from time to time by the Compensation Committee of ADE's Board of Directors, based on individual achievements and ADE's financial results. Equity compensation plan grants to ADE's Named Executives are reported on Form 4 filings with the Securities and Exchange Commission.