ADAPTEC, INC. NON-EMPLOYEEDIRECTOR COMPENSATION POLICY

Contract Categories: Human Resources - Compensation Agreements
EX-10.1 2 a06-22163_1ex10d1.htm EX-10

Exhibit 10.1

ADAPTEC, INC.

NON-EMPLOYEE DIRECTOR COMPENSATION POLICY

Cash Compensation

The following table lists our non-employee director cash compensation policy.  These amounts are paid quarterly.

 

 

Non-Employee Director Cash Compensation (1)

 

 

 

Board of Directors

 

Audit Committee

 

Compensation
Committee

 

Governance and
Nominating Committee

 

Member Annual Retainer

 

$

26,000

 

$

5,000

 

$

3,500

 

$

2,250

 

Per-Meeting Retainer

 

$

3,000

 

$

1,200

 

$

1,200

 

$

1,200

 

Chairperson Annual Retainer

 

$

10,000

 

$

10,000

 

$

7,000

 

$

4,500

 

(1)             Board members serving on other Board committees that are not permanent Board committees receive additional compensation of $400 per meeting hour.

Equity Compensation

Non-employee directors are eligible to participate in the Adaptec, Inc. 2006 Director Plan (the “Plan”).  Awards under the Plan are discretionary and are determined by the Board.