Exhibit 10.1
Summary of the Compensation of the Non-employee
Directors of AngioDynamics, Inc.
Annual Cash Retainers (payable in quarterly installments): | |||
All Board Members | $ | 24,000 | |
Additional Cash Retainer | |||
Audit Committee Chair | $ | 1,000 (monthly) | |
Chairman of the Board | $ | 2,000 (monthly) | |
Compensation Committee Chair | $ | 5,000 (annually) | |
Nominating and Corporate Governance Chair | $ | 5,000 (annually) | |
Board and Committee Meetings Fees: | |||
Board | $ | 1,500/meeting | |
Committees | |||
Chairman | $ | 1,500/meeting | |
Members | $ | 750/meeting | |
Equity Grants: | |||
Initial grant to new Directors: | |||
Option for 25,000 shares (48-months vesting period) under the Company’s 2004 Stock and Incentive Award Plan (the “2004 Plan”) | |||
Annual grant to each Director: | |||
Option for 6,000 shares (36-month vesting period) under the 2004 Plan. |