Exhibit 10.11

Axcelis Technologies, Inc.
Non-Employee Director Cash Compensation at March 1, 2007

This Exhibit discloses the current understandings with respect to cash
compensation between Axcelis Technologies, Inc. (the “Company”) and each of this
non-employee directors. Axcelis provides both cash retainers and meeting fees to
its non-employee directors, as follows:

Annual Retainers (paid quarterly in advance)

Board Member Position

 

 

 

Amount

 

Lead Director

 

$

50,000

 

Non-Employee Board Member (not Lead Director)

 

$

30,000

 

Audit Committee Chair*

 

$

15,000

 

Compensation Committee Chair*

 

$

10,000

 

Nominating Committee Chair*

 

$

7,500

 

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*                    Retainers for Committee Chairs are in addition to the
retainer payable to all non-employee Board members.

Meeting Fees (payable quarterly in arrears)

Meeting Type

 

 

 

Amount Per Meeting

 

In Person Board Meetings

 

 

$

2,000

 

 

Telephone Board Meetings

 

 

$

1,000

 

 

In Person or Telephone Committee Meetings**

 

 

$

1,000

 

 

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**             Committee meeting fees are paid only to committee members, and
not to other Board members, attending committee meetings.

Non-employee directors also receive reimbursement of out-of-pocket expenses
incurred in attending Board and committee meetings. Non-employee directors do
not receive any Company-paid perquisites.

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