Ciena Corporation Fees Payable as Compensation to Non-Employee Directors Approved at the August 31, 2005 Board of Directors Meeting

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EX-10.1 2 w12443exv10w1.htm EXHIBIT 10.1 exv10w1
 

EXHIBIT 10.1
Ciena Corporation
Fees Payable as Compensation to Non-Employee Directors
Approved at the August 31, 2005
Board of Directors Meeting
    Fees payable to non-employee directors for their service on the Board of Directors and its committees were revised as set forth below. Directors must attend Board or Committee meetings to receive compensation. Ciena reimburses each non-employee member of the Board of Directors for out-of-pocket expenses incurred in connection with attendance at meetings.
         
Compensation
 		   Current
 		   Revised
 
Annual Retainer
   $20,000   $20,000
 
        
Lead Director Retainer
   —   $7,500
 
        
Board Meeting (excluding special meeting)
   $1,500   $1,500
 
        
Audit Committee Chair Retainer
   —   $7,500
 
        
Audit Committee Meeting (in person)
   $1,500 (Chair)   $3,000 (Chair)
 
   $1,000 (Other Members)   $2,000 (Other Members)
 
        
Audit Committee Meeting (telephonic)
   —   $500
 
        
Other Committee Meeting (in person)
   $1,500 (Chair)   $1,500 (Chair)
 
   $1,000 (Other Members)   $1,000 (Other Members)
 
        
Other Committee Meeting (telephonic)
   —   $500