Exhibit 10.35

Summary of Director Compensation
Set forth below is a summary of the compensation paid by MEMC Electronic
Materials, Inc. (the “Company”) to its outside directors who are not employees
of the Company or any subsidiary of the Company. Directors that are also
employees of the Company receive no additional compensation for their service as
a director.
Initial Election to the Board of Directors
Upon initial election to the MEMC Board of Directors, all outside directors are
awarded non-qualified stock options for 25,000 shares of MEMC common stock.
These options will have a strike price equal to the market value at date of
grant and vest ratably over four years.
Annual Compensation
Restricted Stock Units (RSUs)
Annually (as of the date of the Annual Stockholder Meeting for that year), each
person whose term on the Board of Directors extends for an additional year or
who is expected to be nominated for re-election at such Annual Meeting of
Stockholders, shall be awarded restricted stock units (RSUs) for shares of MEMC
common stock having a value of approximately $185,000 on the date of grant
(based on the closing price of MEMC common stock on the date of grant). Each RSU
shall represent the right to receive one share of MEMC common stock. The actual
number of RSUs to be awarded shall be determined in increments of 100 RSUs such
that the value of the MEMC common stock underlying the RSUs is as close to
$185,000 as possible.
The RSUs shall vest 100% on the first anniversary of the date of grant.
Cash Compensation
The directors shall receive the following cash compensation:
An annual retainer of $50,000.
An additional retainer of $50,000 for the Chairman of the Board.
An additional retainer of $40,000 for the Chairman of the Audit Committee and an
additional retainer of $10,000 for each other member of the Audit Committee.
An additional retainer of $20,000 for the Chairman of the Compensation Committee
and an additional retainer of $5,000 for each other member of the Compensation
Committee.
An additional retainer of $5,000 for the Chairman of the Nominating and
Corporate Governance Committee.
An additional fee of $1,000 for each Board and Committee meeting attended.
Reimbursable Expenses
All reasonable out-of-pocket expenses incurred by a director for attending Board
or Committee meetings will be reimbursed by the Company.