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Axcelis Technologies, Inc.
Named Executive Officer Base Compensation at September 30, 2007
This Exhibit discloses the current understandings with respect to base compensation between Axcelis Technologies, Inc.
(the "Company") and each of:
the Company's principal executive officer (Mary G. Puma),
the Company's principal financial officer (Stephen G. Bassett), and
the three most highly compensated other executive officers serving as executive officers at December 31, 2006.
These executive officers are referred to herein as "named executive officers" or "NEOs."
Other than in the case of Mary G. Puma, the Company has not entered into any written agreements with its named executive
officers addressing the amount of base salary due to the executive. The Company's Amended and Restated Employment
Agreement with Ms. Puma is filed as Exhibit 10.3 to this Form 10-Q. The Company maintains that all executive officers, other
than Ms. Puma, are employees at will and that the Company has no obligation to pay base salary, other than (A) amounts
accrued for services rendered prior to termination of employment and (B) in circumstances where the Change of Control
Agreements filed as Exhibit 10.4 to this Form 10-Q are applicable.
In the course of the employment relationship with each NEO, the Company communicates to the named executive officer the
amount of base salary approved by the Compensation Committee of the Board of Directors, which compensation is subject to
change in the discretion of the Compensation Committee of the Board of Directors. The following table sets forth the annual
base salary as communicated to the named executive officers of the Company as in effect at September 30, 2007 (reflecting
changes effective August 18, 2007):
Axcelis Technologies, Inc. Named Executive Officer Base Compensation at September 30, 2007
Named Executive Officer