Advanced Energy Industries, Inc. Non-Employee Director Compensation Summary

Summary

This document outlines the compensation structure for non-employee directors of Advanced Energy Industries, Inc. Non-employee directors receive an annual retainer, additional compensation for the Lead Director, fees for attending board and committee meetings, and stock option grants upon joining and for annual re-election. Payments are made quarterly, and stock options vest over time or upon grant. The summary details the amounts and conditions for each type of compensation.

EX-10.22 2 d23250exv10w22.htm NON-EMPLOYEE DIRECTOR COMPENSATION SUMMARY exv10w22

EXHIBIT 10.22

The following summarizes Advanced Energy Industries, Inc.’s non-employee director compensation structure.

Compensation for each non-employee director is as follows:

	•	$15,000 annual retainer paid quarterly in July, October, February and April;

	•	An additional $25,000 annual retainer for the Lead Director paid quarterly in July, October, February and April;

	•	$3,000 per full board meeting; if a board meeting is more than one day, each board member will receive $3,000 for each additional day;

	•	$1,500 per telephonic meeting which requires a board vote;

	•	$3,000 per Audit and Finance Committee meeting for the Chairman and $1,500 per meeting for each committee member;

	•	$1,500 per meeting for all other Committee Chairmen (Corporate Governance and Nominations, and Compensation) and $750 per meeting for each committee member;

	•	15,000 options on initial election or appointment to the board, which vest 5,000 on election and 5,000 on each of the next two anniversary dates; and

	•	5,000 options annually on the date of re-election at the annual meeting, to vest on date of grant.