Summary of Haemonetics Corporation Non-Employee Director Compensation (Effective 10/03 and 7/05)

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Summary

This document outlines the compensation structure for non-employee directors of Haemonetics Corporation, excluding the Chairman of the Board. It details annual retainers, meeting fees, and stock option grants for board and committee participation, with specific amounts for in-person and telephone meetings. Compensation is paid quarterly in advance, and stock options vest immediately. The summary also notes changes in compensation effective July 2005, including increased retainers and meeting fees for committee chairmen.

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EX-10.1 2 hc3237ex101.txt Exhibit 10.1 10.1 Summary of Haemonetics Corporation Non-Employee Director Compensation Applicability: All outside, non-employee directors, not including Chairman of the board
COMPENSATION EFFECTIVE 10/03 EFFECTIVE 7/05 - ------------------------------------------------------ ---------------- -------------------- Board Annual Retainer $24,000* $24,000* Board Meeting Fees (participation in person) $1,000 per day $1,000 per day Board Telephone Meetings $500 per meeting $500 per meeting Audit Committee Chairman Annual Retainer $4,000* $8,000* Compensation Committee Chairman Annual Retainer $4,000* $6,000* Nominating & Governance Committee Chairman Annual $4,000* $6,000* Retainer (except if Chairman of the Board) Audit Committee Meeting Fees (participation in person) $500 per day $1,000 per day Audit Committee Telephone Meetings $300 $300 Compensation Committee Meeting Fees (participation in $500 per day $750 per day person) Compensation Committee Telephone Meetings $300 $300 Nominating & Governance Committee Meetings Fees $500 per day $750 per day (participation in person) Nominating & Governance Committee Telephone Meetings $300 $300 Stock Options - Initial Grant 20,000 shares ** (unchanged) Stock Options - Annually 6,000 shares ** (unchanged)
* Paid quarterly in advance, on the last day of each quarter ** Vesting immediately