Summary of Compensation for Non-Employee Directors of AngioDynamics, Inc.

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Summary

This document outlines the compensation structure for non-employee directors of AngioDynamics, Inc. Directors receive annual cash retainers, additional fees for serving as committee chairs or the Chairman of the Board, and meeting fees. New directors are granted stock options for 25,000 shares with a 48-month vesting period, while all directors receive annual stock options for 6,000 shares with a 36-month vesting period. Compensation is paid in cash and equity, with specific amounts and vesting schedules detailed for each role and responsibility.

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EX-10.1 2 dex101.htm SUMMARY OF THE COMPENSATION OF THE NON-EMPLOYEE DIRECTORS OF ANGIODYNAMICS, INC. Summary of the Compensation of the Non-Employee Directors of AngioDynamics, Inc.

Exhibit 10.1

Summary of the Compensation of the Non-employee

Directors of AngioDynamics, Inc.

 

Annual Cash Retainers (payable in quarterly installments):

   

All Board Members

    $ 24,000

Additional Cash Retainer

   

Audit Committee Chair

    $ 1,000 (monthly)

Chairman of the Board

    $ 2,000 (monthly)

Compensation Committee Chair

    $ 5,000 (annually)

Nominating and Corporate Governance Chair

    $ 5,000 (annually)

Board and Committee Meetings Fees:

   

Board

    $ 1,500/meeting

Committees

   

Chairman

    $ 1,500/meeting

Members

    $ 750/meeting

Equity Grants:

Initial grant to new Directors:

Option for 25,000 shares (48-months vesting period) under the Company’s 2004 Stock and Incentive Award Plan (the “2004 Plan”)

Annual grant to each Director:

Option for 6,000 shares (36-month vesting period) under the 2004 Plan.