Exhibit 10.1
10.1 Summary of Haemonetics Corporation Non-Employee Director Compensation
Applicability: All outside, non-employee directors, not including Chairman of
the board
COMPENSATION EFFECTIVE 10/03 EFFECTIVE 7/05
- ------------------------------------------------------ ---------------- --------------------
Board Annual Retainer $24,000* $24,000*
Board Meeting Fees (participation in person) $1,000 per day $1,000 per day
Board Telephone Meetings $500 per meeting $500 per meeting
Audit Committee Chairman Annual Retainer $4,000* $8,000*
Compensation Committee Chairman Annual Retainer $4,000* $6,000*
Nominating & Governance Committee Chairman Annual $4,000* $6,000*
Retainer (except if Chairman of the Board)
Audit Committee Meeting Fees (participation in person) $500 per day $1,000 per day
Audit Committee Telephone Meetings $300 $300
Compensation Committee Meeting Fees (participation in $500 per day $750 per day
person)
Compensation Committee Telephone Meetings $300 $300
Nominating & Governance Committee Meetings Fees $500 per day $750 per day
(participation in person)
Nominating & Governance Committee Telephone Meetings $300 $300
Stock Options - Initial Grant 20,000 shares **
(unchanged)
Stock Options - Annually 6,000 shares **
(unchanged)
* Paid quarterly in advance, on the last day of each quarter
** Vesting immediately