ADE Corporation Summary of Director Compensation
ADE Corporation outlines the compensation for its independent directors, who receive $5,000 in annual cash payments and an annual grant of options to purchase 5,000 shares of the company's common stock. Directors are also reimbursed for expenses related to attending meetings. These terms may be changed at any time by the Board of Directors.
Exhibit 10.1
ADE CORPORATION
Summary of Director Compensation
The following is a summary of the currently effective compensation of the Directors of ADE Corporation (the “Company”) for services provided to the Company as directors, which is subject to modification at any time by the Board of Directors.
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| • | Each independent Director shall receive annual cash compensation of $5,000 each year at each annual meeting of the Board of Directors following the Annual Meeting of Shareholders. | |
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| • | Each independent Director shall receive a grant of options to acquire 5,000 shares of ADE’s common stock each year at the Board of Directors meeting immediately following ADE’s Annual Meeting of Shareholders. | |
| • | Each independent Director shall be reimbursed for expenses for meetings attended. | ||
