Axcelis Technologies, Inc. Non-Employee Director Cash Compensation at March 11, 2015
Exhibit 10.13
Axcelis Technologies, Inc.
Non-Employee Director Cash Compensation at March 11, 2015
This Exhibit discloses the current understandings with respect to cash compensation between Axcelis Technologies, Inc. (the “Company”) and each of its 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.
To the extent that other committees are formed by the Board, similar retainers may be approved for the committee chairmen.
Meeting Fees (payable quarterly in arrears)
| Meeting Type |
| Amount |
| |
| 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
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