Amendment to August Technology Corporation Amended 1998 Director Compensation Plan (Effective January 1, 2005)

Contract Categories: Human Resources › Compensation Agreements
Summary

This amendment updates the compensation plan for directors of August Technology Corporation. It removes the previous limit on compensation for special meetings and adds a new annual payment of $10,000 for the lead director. All other terms of the original compensation plan remain unchanged. The amendment is effective as of January 1, 2005.

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EX-10.1 2 a05-11603_2ex10d1.htm EX-10.1

EXHIBIT 10.1

 

AUGUST TECHNOLOGY CORPORATION

AMENDED 1998 DIRECTOR COMPENSATION PLAN

 

Amendment to Schedule 1 – effective January 1, 2005

 

Section 1.b.ii.5 of Schedule 1 is amended to delete “compensation not to exceed 4 special meetings per year.”

 

Section 1.b.ii of Schedule 1 is amended by adding a new subsection 6 to read as follows:

 

6.             $10,000/year to lead director

 

All other terms of the Amended 1998 Director Compensation Plan and Schedule 1 remain in effect.