Dyax (DYAX) 8-K Departure of Directors or Principal Officers

Exhibit 10.1

Executive Officer	2008 Base Salary(1)		2008 Target Bonus (% of Base Salary)(2)
Henry E. Blair Chairman, President and Chief Executive Officer	$	650,000	45.0	%
Gustav A. Christensen Executive Vice President and Chief Business Officer	$	375,000	40.0	%
Stephen S. Galliker Executive Vice President, Finance and Chief Financial Officer	$	301,479	37.5	%
Ivana Magovcevic-Liebisch, Ph.D., J.D. General Counsel and Executive Vice President of Administration	$	355,000	37.5	%
Clive R. Wood, Ph.D. Executive Vice President, DiscoveryResearch and Chief Scientific Officer	$	355,000	37.5	%

 (1) These base salaries were made retroactive to January 1, 2008.

 (2) 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.