Exhibit10.1
 
Capital Lease Funding, Inc.
Summary of Compensation to
Independent Directors
 

   
2005
           
Annual cash retainer
 
$
25,000
 
Committee chair additional retainer
 
$
5,000(1
)
Stock award
   
1,000 shares(2
)
Board attendance fee
 
$
1,000 per meeting(3
)
Committee attendance fee
 
$
500 per meeting(4
)

 

--------------------------------------------------------------------------------

(1)  Except for our audit committee chair, who receives $7,500.     (2) Award
will vest in three equal annual installments beginning on the first anniversary
of the grant date.     (3) $500 fee if attended by teleconference.    
(4)
Committee attendance fees are not paid for meetings held on the same day as a
Board meeting.

 

--------------------------------------------------------------------------------