Ciena Corporation Non-Employee Director Compensation Policy (August 31, 2005)

Contract Categories: Human Resources › Compensation Agreements
Summary

Ciena Corporation has set compensation terms for its non-employee directors, as approved by the Board on August 31, 2005. Non-employee directors receive annual retainers, additional fees for serving as Lead Director or Audit Committee Chair, and payments for attending Board and committee meetings, with higher fees for in-person attendance. Directors must attend meetings to receive payment, and Ciena reimburses reasonable out-of-pocket expenses related to meeting attendance.

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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