Cree, Inc. Non-Employee Director Schedule of Meeting Fees (Effective April 13, 2005)

Summary

This document outlines the fees paid by Cree, Inc. to its non-employee directors for attending various board and committee meetings. Non-employee directors receive set amounts for regular and special board meetings, with higher fees for in-person attendance at certain special meetings. Audit Committee chairs and members, as well as chairs and members of other committees, receive specified fees per meeting. The schedule is effective as of April 13, 2005.

EX-10.1 2 f8k_042905ex101.txt NON-EMPLOYEE DIRECTOR SCHEDULE OF MEETING FEES Exhibit 10.1 CREE, INC. Non-Employee Director Schedule of Meeting Fees Effective April 13, 2005 Type of Meeting and Attendance Amount - ------------------------------ ------ Regular meetings of the Board of Directors $2,500 per meeting Special meetings of the Board of Directors, $1,000 per meeting except as provided below Special meetings of the Board of Directors $2,500 per meeting attended in person when requested Meetings of the Audit Committee $4,000 per meeting for Committee Chair $1,000 per meeting for other members Meetings of other Committees $2,000 per meeting for Committee Chair $1,000 per meeting for other members