Exhibit 10.1
CapLease, Inc.
Summary of Compensation to
Independent Directors

Amended and Restated
as of April 15, 2009
 

   
2009
 
Annual cash retainer
  $ 35,000  
Committee chair additional retainer
  $ 6,000
(1)
Lead independent director retainer
  $ 10,000  
Stock award
  $ 27,400
(2)
Board attendance fee (in person or telephonic)
  $ 2,000 per meeting 
Committee attendance fee (in person or telephonic)
  $ 1,000
per meeting(3) 

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

(1)  Except for our audit committee chair, who receives $10,000.
 
(2)  Except for our audit committee chair, who receives $33,700.  The number of
shares granted will be determined by dividing the stock award value by the
average closing price for the Company’s common stock for the 10 trading days
immediately prior to the date the committee makes annual stock awards.  Awards
will be effective on the anniversary of the Company’s initial public offering
and will vest in three equal annual installments beginning on the first
anniversary of such date.
 
(3)  Committee attendance fees are not paid for meetings held on the same day as
a Board meeting.

 
 

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