AxcelisTechnologies, Inc. Non-Employee Director Cash Compensation at March 1, 2007
Exhibit 10.11
Axcelis Technologies, Inc.
Non-Employee Director Cash Compensation at March 1, 2007
This Exhibit discloses the current understandings with respect to cash compensation between Axcelis Technologies, Inc. (the “Company”) and each of this non-employee directors. Axcelis provides both cash retainers and meeting fees to its non-employee directors, as follows:
| Annual Retainers (paid quarterly in advance) | ||||||
| Board Member Position |
|
|
| Amount |
| |
| Lead Director |
| $ | 50,000 |
| ||
| Non-Employee Board Member (not Lead Director) |
| $ | 30,000 |
| ||
| Audit Committee Chair* |
| $ | 15,000 |
| ||
| Compensation Committee Chair* |
| $ | 10,000 |
| ||
| Nominating Committee Chair* |
| $ | 7,500 |
| ||
* Retainers for Committee Chairs are in addition to the retainer payable to all non-employee Board members.
| Meeting Fees (payable quarterly in arrears) | ||||||||
| Meeting Type |
|
|
| Amount Per Meeting |
| |||
| In Person Board Meetings |
|
| $ | 2,000 |
|
| ||
| Telephone Board Meetings |
|
| $ | 1,000 |
|
| ||
| In Person or Telephone Committee Meetings** |
|
| $ | 1,000 |
|
| ||
** Committee meeting fees are paid only to committee members, and not to other Board members, attending committee meetings.
Non-employee directors also receive reimbursement of out-of-pocket expenses incurred in attending Board and committee meetings. Non-employee directors do not receive any Company-paid perquisites.
