Dyax (DYAX) 8-K Entry into a Material Definitive Agreement

Exhibit 10.1

Executive Officer	2005 Base Salary		2005 Target Bonus (% of Base Salary)(1)		Number of Option Shares Awarded
Thomas R. Beck, M.D. President and Chief Operating Officer	$	340,000	42.5	%	25,000
Clive R. Wood, Ph.D. Executive Vice President Research and Chief Scientific Officer	$	300,000	40	%	12,500
Ivana Magovcevic-Liebisch, Ph.D., J.D. General Counsel and Executive Vice President, Corporate Communications	$	291,870	35	%	12,500

(1) The target bonus opportunity can be exceeded by up to 20% of the target for exceptional performance. For example, an executive with a target bonus of 30% who has outstanding performance can receive a bonus of as much as 36% of base salary.