Axcelis Technologies, Inc. Non-Employee Director Cash Compensation Policy (March 14, 2012)

Contract Categories: Human Resources › Compensation Agreements
Summary

This document outlines the cash compensation policy for non-employee directors of Axcelis Technologies, Inc. Non-employee directors receive annual retainers, paid quarterly, with additional amounts for serving as Lead Director or as a committee chair. Directors also earn meeting fees for attending board and committee meetings, with different rates for in-person and telephone participation. Committee meeting fees are only paid to committee members. Directors are reimbursed for out-of-pocket expenses related to meetings, but do not receive other company-paid perks.

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EX-10.13 3 a2213243zex-10_13.htm EX-10.13
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Exhibit 10.13


Axcelis Technologies, Inc.
Non-Employee Director Cash Compensation at March 14, 2012

        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 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 me 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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    Exhibit 10.13
Axcelis Technologies, Inc. Non-Employee Director Cash Compensation at March 14, 2012
Annual Retainers (paid quarterly in advance)
Meeting Fees (payable quarterly in arrears)