power conversion systems, including uninterruptible power supplies, or UPS, and switch mode power supplies, or SMPS, for applications such as communications infrastructure, including wireless base stations, network servers and telecommunication switching stations
EX-10.17 3 f52697exv10w17.htm EX-10.17 exv10w17
Exhibit 10.17
SUMMARY OF OUTSIDE DIRECTOR COMPENSATION
In September 2008, the Board of Directors of IXYS Corporation (the Board) approved annual cash compensation, which is paid in periodic increments, for the directors of IXYS Corporation that are not employees on the following basis:
Annual Retainer for each Director | $ | 40,000 | ||
Additional Annual Retainer for the Chairmen of the | ||||
Audit Committee | $ | 15,000 | ||
Compensation Committee | $ | 10,000 | ||
Nominating Committee | $ | 6,000 | ||
Additional Annual Retainer for the other members of the | ||||
Audit Committee | $ | 7,000 | ||
Compensation Committee | $ | 5,000 | ||
Nominating Committee | $ | 2,000 |
In January 2009, the Board reduced future payments of the foregoing retainers by 10% in light of economic conditions.
Directors do not receive fees for attending each meeting.