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Exhibit 10.1
EMCORE CORPORATION
2007 DIRECTORS’ STOCK AWARD PLAN
1. The
purposes of the 2007 Directors' Stock Award Plan (the “
Plan
”) are (a) to attract and retain highly qualified
individuals to serve as Directors of EMCORE Corporation (the
“ Corporation
”), (b) to increase non-employee Directors' stock
ownership in the Corporation and (c) to relate non-employee
Directors' compensation more closely to the Corporation's
performance and its shareholders' interest.
2. The
Plan shall become effective upon its approval by the
shareholders of the Corporation. It shall continue in effect
for a term of ten (10) years unless sooner terminated
under Section 7 of the Plan.
3. “
Plan
Year ” shall mean each 12-month period beginning
on January 1 and ending on December 31.
4. “
Annual Stock
Award Amount ” shall mean the amount of fees a
non-employee Director will be entitled to receive pursuant to
the Plan for serving as a Director in a relevant Plan
Year. The amount of each non-employee
Director’s Annual Stock Award Amount shal
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