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Exhibit 10.1
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 |
| Governance and |
| ||||
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.