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Applied
Materials, Inc.
Compensation of
Non-Employee Directors
Retainer and
Meeting Fees
Directors who are
employees of Applied Materials, Inc. (“Applied”) do not
receive any additional compensation for their services as
directors.
On
September 16, 2008, the Human Resources and Compensation
Committee (the “Committee”) of Applied’s Board of
Directors (the “Board”) approved changes to the
compensation of Applied’s non-employee directors, effective
fiscal year 2009, which began on October 27, 2008. In
addition, on December 8, 2008, the Committee approved a
temporary ten percent reduction in the annual cash retainer payable
to non-employee directors. ›
Cash compensation
to be paid to non-employee members of the Board is set forth in the
table below.
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$
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58,500
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Annual Retainer for Committee Chairs and Lead
Independent Director(2):
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$
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78,500
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Corporate Governance and Nominating
Committee
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$
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68,500
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Human Resources and Compensation
Committee
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$
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73,500
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$
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68,500
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Lead Independent Director
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$
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73,500
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$
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0
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Fee per Committee Meeting
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$
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2,000
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(1)
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A director
receives this annual retainer unless he or she is the
(a) Chair of the Audit, Corporate Governance and Nominating,
Human Resources and Compensation, or Strategy Committee, or
(b) Lead Independent Director.
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(2)
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If a director
holds more than one committee chair, or is the Lead Independent
Director and a chair of a committee, he or she will receive only
the annual retainer for the single highest-paying position
held.
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In addition to the
retainer and meeting fees, non-employee directors are reimbursed
for travel and other reasonable out-of-pocket expenses related to
attendance at Board and committee meetings.
Nonemployee
Director Share Purchase Plan. Un
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