Advanced Energy Industries, Inc. Non-Employee Director Compensation Structure (2006)

Summary

Advanced Energy Industries, Inc. established a compensation plan for its non-employee directors effective January 26, 2006. Under this plan, non-employee directors receive an annual cash retainer, with additional retainers for the Chair of the Board and the Lead Director. Directors are also paid per meeting attended, with different rates for board and committee meetings. Additionally, directors receive restricted stock units upon joining the board and annually upon re-election. Payments are made quarterly, and compensation varies based on roles and meeting participation.

EX-10.1 2 d32566exv10w1.htm NON-EMPLOYEE DIRECTOR COMPENSATION STRUCTURE exv10w1

EXHIBIT 10.1

NON-EMPLOYEE DIRECTOR COMPENSATION STRUCTURE

On January 26, 2006, Advanced Energy Industries, Inc. adopted the following compensation structure for its non-employee directors:

	•		$20,000 annual retainer paid quarterly in July, October, February and April;

	•		An additional $50,000 annual retainer for the Chair of the Board, paid quarterly in July, October, February and April;

	•		An additional $30,000 annual retainer for the Lead Director paid quarterly in July, October, February and April;

	•		$3,000 per day for each full board meeting, whether such meeting is held in person or telephonically

	•		$4,000 per Audit and Finance Committee meeting for the Chair and $1,750 per meeting for each other committee member, whether such meeting is held in person or telephonically

	•		$2,000 per Compensation Committee meeting or Corporate Governance & Nominations Committee meeting for such Committee’s Chair and $750 for each other Committee member, whether such meeting is held in person or telephonically

	•		5,000 restricted stock units on initial election or appointment to the Board

	•		2,000 restricted stock units annually on the date of re-election at the annual meeting