EX-10.2
from 10-Q
6 pages
Amendment No. 1, Dated March 21, 2005, to Common Stock Rights Agreement, Dated November 29, 2001 Between Mykrolis Corporation and Equiserve Trust Company N.A. as Rights Agent 101 Amendment No. 1 to the Common Stock Rights Agreement Between Mykrolis Corporation and Equiserve Trust Company, N.A
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EX-10.32
from 10-K
5 pages
Position: Chief Executive Officer, Reporting Directly to the Board. Effective With Your Commencement of Employment, You Will Also Be Elected to the Board as a Class III Director. Thereafter, You Will Be Nominated for Election to the Board as a Member of Management’s Slate at Each Annual Meeting of Stockholders at Which Class III Directors Come Up for Election. as a Management Director You Will Not Be Entitled to Any Compensation for Your Service as a Director of Mykrolis. as Chief Executive Officer You Shall Have Those Powers and Duties of the Chief Executive Officer Enumerated in the By-Laws of Mykrolis Corporation as Well as the Powers and Duties Customary to Chief Executive Officers of Publicly Held Corporations. Compensation: Base Salary: Four Hundred and Fifty Thousand Dollars ($450,000) Per Year, Paid Biweekly. Incentive Compensation: Commencing With Calendar Year 2006, You Will Participate in the Mykrolis Incentive Plan (Mip) at an Award Level of 70% of Base Salary at Target Performance Achievement. Awards Under the Mip Are Currently Scaled to Mykrolis’s Performance Against Budget With Threshold Performance Qualifying for 0.5 Times Target and Maximum Performance Qualifying for 3.0 Times Target So That, as an Illustration of Your Case Using the Current Award Formula, the Possible Awards Would Range From $0 for Below Threshold Performance to $945,000 for Maximum Performance. the Management Development & Compensation Committee of the Board Reviews the Mip Award Formula Annually So That Your Mip Participation in 2006 Will Be Under the Award Formula Adopted by That Committee for 2006, Provided, That Your Award Level Shall Not Be Less Than 70% of Base Salary for That Year at Target Performance
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