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| CHYRON CORPORATION                                                       |
|--------------------------------------------------------------------------|
| (Name of Registrant as Specified In Its Charter)                         |
|                                                                     |
| (Name of Person(s) Filing Proxy Statement, if other than the Registrant) |

|   | (1) | Title of each class of securities to which transaction applies:                                                                                                                                               |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   | (2) | Aggregate Number of securities to which transaction applies:                                                                                                                                                  |
|   | (3) | Per unit price or other underlying value of transaction computed pursuant to  Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it was determined):  |
|   | (4) | Proposed maximum aggregate value of transaction:                                                                                                                                                              |
|   | (5) | Total fee paid:                                                                                                                                                                                               |

|   | (1) | Amount Previously Paid:                        |
|--------|-----|-----------------------------------------------------|
|   | (2) | Form, Schedule or Registration Statement No.:  |
|   | (3) | Filing Party:                                  |
|   | (4) | Date Filed:                                    |

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|   | Sincerely,                   |
|--------|------------------------------|
|   |                         |
|   | /s/ Michael Wellesley-Wesley |
|   | Michael Wellesley-Wesley     |
|   | President, Chief Executive   |
|   | Officer and Director         |

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| 1.   | To elect seven (7) directors of the Company to hold office until the next Annual Meeting or until their respective successors are duly elected and qualified, or until their earlier death, resignation or removal; |
|----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2.   | To ratify the appointment of BDO USA, LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2011; and |
|----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3.   | To transact such other business as may properly come before the Annual Meeting or any adjournments thereof. |
|----------------|-------------------------------------------------------------------------------------------------------------|

|   | By Order of the Board of Directors, |
|--------|-------------------------------------|
|   |                                |
|   | /s/ Jerry Kieliszak                 |
|   | Jerry Kieliszak                     |
|   | Secretary                           |

| IMPORTANT NOTICE REGARDING THE AVAILABILITY OF PROXY MATERIALS FOR THE 2011 ANNUAL MEETING OF SHAREHOLDERS TO BE HELD ON MAY 10, 2011The Company’s Proxy Statement for the 2011 Annual Meeting of Shareholders and the Annual Report on Form 10-K for the fiscal year ended December 31, 2010, are available at www.proxyvote.com. To view these materials please have your 12-digit control number(s) available. The control number appears on your proxy card/notice. |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | Page   |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
| GENERAL INFORMATION CONCERNING THE ANNUAL MEETING                                                                                                                          | 1      |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |
| PROPOSAL 1 - ELECTION OF DIRECTORS                                                                                                                                         | 7      |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |
| COMPENSATION COMMITTEE REPORT                                                                                                                                              | 13     |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |
| COMPENSATION DISCUSSION AND ANALYSIS                                                                                                                                       | 14     |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |
| EXECUTIVE COMPENSATION                                                                                                                                                     | 18     |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |
| DIRECTOR COMPENSATION                                                                                                                                                      | 34     |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |
| INDEMNIFICATION OF DIRECTORS AND OFFICERS                                                                                                                                  | 35     |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |
| COMPENSATION COMMITTEE INTERLOCKS AND INSIDER PARTICIPATION                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             | 36     |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |
| EQUITY COMPENSATION PLAN INFORMATION                                                                                                                                       | 36     |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |
| AUDIT COMMITTEE REPORT                                                                                                                                                     | 37     |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |
| PROPOSAL 2 - RATIFICATION OF THE APPOINTMENT OF INDEPENDENT                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |
|   REGISTERED PUBLIC ACCOUNTING FIRM                                                                                                                              | 38     |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |
| PRINCIPAL SHAREHOLDERS                                                                                                                                                     | 40     |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |
| CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS                                                                                                                             | 42     |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |
| SECTION 16(a) BENEFICIAL OWNERSHIP REPORTING COMPLIANCE                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 | 42     |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |
| OTHER MATTERS ARISING AT THE ANNUAL MEETING                                                                                                                                | 43     |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |
| SHAREHOLDER PROPOSALS                                                                                                                                                      | 43     |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |
| ANNUAL REPORT ON FORM 10-K                                                                                                                                                 | 43     |

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| ·   | you received a proxy card by mail, you may vote your shares in one of four ways: |
|--------------------|----------------------------------------------------------------------------------|

| ·   | Vote by mail by marking, signing and dating your proxy card and returning it in the business reply envelope provided and return it to Chyron Corporation, c/o Broadridge, 51 Mercedes Way, Edgewood, NY, USA 11717; or |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Vote via the Internet by going to www.proxyvote.com, have your vote instruction form in hand, and follow the simple instructions.  (When voting online, you may also give your consent to have all future proxy materials delivered to you electronically); or |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Vote via telephone by calling, toll-free, 1-800-690-6903 and have your vote instruction form in hand and follow the recorded instructions; or |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Attend and vote at the Annual Meeting in person. |
|--------------------|--------------------------------------------------|

| ·   | you are enrolled in the electronic delivery program and/or received a Notice, you may vote your shares in one of three ways: |
|--------------------|------------------------------------------------------------------------------------------------------------------------------|

| ·   | via the Internet (see instructions above); or |
|--------------------|-----------------------------------------------|

| ·   | attend and vote at the Annual Meeting in person; or |
|--------------------|-----------------------------------------------------|

| ·   | if you request to receive a paper copy of the proxy materials, you can vote by mail (see instructions above). |
|--------------------|---------------------------------------------------------------------------------------------------------------|

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| ·   | “FOR” the election of the nominees for director; |
|--------------------|--------------------------------------------------------------|

| ·   | “FOR” the ratification of the selection of our independent registered public accounting firm for the fiscal year ending December 31, 2011. |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------|

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| Proposal 1 – Election of Directors | The nominees for director who receive the most votes (also known as a “plurality” of the votes cast) will be elected. You may vote either FOR all of the nominees, WITHHOLD your vote from all of the nominees or WITHHOLD your vote from any one or more of the nominees. Votes that are withheld will not be included in the vote tally for the election of directors. Brokerage firms do not have the authority to vote customers’ unvoted shares held by the firms in street name for the election of directors. As a result, any shares not voted by a customer will be treated as a broker non-vote.  Such broker non-votes will have no effect on the results of this vote. |
|------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| Proposal 2 – Ratification of the Appointment of Independent Registered Public Accounting Firm | The affirmative vote of the majority of the votes cast affirmatively or negatively for this proposal is required to ratify the selection of our independent registered public accounting firm. Abstentions will have no effect on the results of this vote.  Brokerage firms have authority to vote customers’ unvoted shares held by the firms in street name on this proposal. If a broker does not exercise this authority, such broker non-votes will have no effect on the results of this vote. We are not required to obtain the approval of our shareholders to select our independent registered public accounting firm.  However, if our shareholders do not ratify the selection of BDO USA, LLP as our independent registered public accounting firm for 2011, our Audit Committee of our Board of Directors will reconsider its selection. |
|-----------------------------------------------------------------------------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|                        |                                                   | Director of the |
|-----------------------------|--------------------------------------------------------|-----------------|
| Name                        | Company Position and Offices Held                      | Company Since   |
|                        |                                                   |            |
| Susan Clark-Johnson         | Director, Member of the Audit Committee and            | March 2010      |
|                        |   Member of the Compensation Committee       |            |
|                        |                                                   |            |
| Peter F. Frey               | Director, Chairman of the Audit Committee              | May 2008        |
|                        |                                                   |            |
| Christopher R. Kelly        | Director, Member of the Compensation                   | August 1999     |
|                        |   Committee, Chairman of the Corporate       |            |
|                        |   Governance and Nominating Committee        |            |
|                        |                                                   |            |
| Roger L. Ogden              | Chairman of the Board of Directors,                    | May 2008        |
|                        |   Member of the Audit Committee and Chairman |            |
|                        |   of the Compensation Committee              |            |
|                        |                                                   |            |
| Robert A. Rayne             | Director, Member of the Corporate Governance           | May 2008        |
|                        |   and Nominating Committee                   |            |
|                        |                                                   |            |
| Michael I. Wellesley-Wesley | President, Chief Executive Officer and Director        | May 1995        |
|                        |                                                   |            |
| Michael C. Wheeler          | Director                                               | February 2006   |

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| ·   | salary; |
|--------------------|---------|

| ·   | annual performance-based cash and/or equity awards; |
|--------------------|-----------------------------------------------------|

| ·   | long-term incentive equity awards; and |
|--------------------|----------------------------------------|

| ·   | other fringe benefits and perquisites. |
|--------------------|----------------------------------------|

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| Name & Principal Position | Year   |   | Salary1 |    |   | Bonus2 |   |   | Stock Award3 |   |   | Option Award4 |   |   | Non-Equity Incentive Plan Compen-sation5 |    |   | Change in Pension Value and Non-qualified Deferred Compen-sation Earnings6 |   |    | All Other Compen-sation7 |   |   | Total  |   |
|-------------------------------|--------|--------|---------|---------|--------|--------|--------|--------|--------------|--------|--------|---------------|--------|--------|------------------------------------------|---------|--------|----------------------------------------------------------------------------|--------|---------|--------------------------|--------|--------|--------|--------|
|                          |   |   | ($)     |    |   | ($)    |   |   | ($)          |   |   | ($)           |   |   | ($)                                      |    |   | ($)                                                                        |   |    | ($)                      |   |   | ($)    |   |
| (a)                           | (b)    |   | (c)     |    |   | (d)    |   |   | (e)          |   |   | (f)           |   |   | (g)                                      |    |   | (h)                                                                        |   |    | (i)                      |   |   | (j)    |   |
| Michael                       |   |   |    |    |   |   |   |   |         |   |   |          |   |   |                                     |    |   |                                                                       |   |    |                     |   |   |   |   |
| Wellesley-Wesley              | 2010   |   |    | 464,207 |   |   |   | 0      |         |   |   | 64,887        |   |   |                                     | 0       |   |                                                                       |   | 140,346 |                     |   |   | 42,171 |   |   |   | 35,387 |   |   |   | 746,998 |   |
|  President & Chief   | 2009   |   |    | 455,175 |   |   |   | 21,420 |         |   |   | 114,596       |   |   |                                     | 65,472  |   |                                                                       |   | 0       |                     |   |   | 31,673 |   |   |   | 53,517 |   |   |   | 741,853 |   |
|  Executive Officer  | 2008   |   |    | 448,800 |   |   |   | 0      |         |   |   | 0             |   |   |                                     | 326,317 |   |                                                                       |   | 0       |                     |   |   | 28,371 |   |   |   | 26,452 |   |   |   | 829,940 |   |
|                          |   |   |    |    |   |   |   |   |         |   |   |          |   |   |                                     |    |   |                                                                       |   |    |                     |   |   |   |   |   |   |   |   |   |   |   |   |
| Jerry Kieliszak               | 2010   |   |    | 225,356 |   |   |   | 0      |         |   |   | 43,258        |   |   |                                     | 0       |   |                                                                       |   | 58,693  |                     |   |   | 43,761 |   |   |   | 9,734 |   |   |   | 380,802 |   |
| SVP & Chief               | 2009   |   |    | 201,058 |   |   |   | 4,731  |         |   |   | 44,643        |   |   |                                     | 65,472  |   |                                                                       |   | 0       |                     |   |   | 32,037 |   |   |   | 8,952 |   |   |   | 356,893 |   |
|  Financial Officer       | 2008   |   |    | 202,671 |   |   |   | 0      |         |   |   | 0             |   |   |                                     | 217,544 |   |                                                                       |   | 0       |                     |   |   | 30,233 |   |   |   | 6,117 |   |   |   | 456,565 |   |
|                          |   |   |    |    |   |   |   |   |         |   |   |          |   |   |                                     |    |   |                                                                       |   |    |                     |   |   |   |   |   |   |   |   |   |   |   |   |
| Kevin Prince                  | 2010   |   |    | 240,740 |   |   |   | 0      |         |   |   | 43,258        |   |   |                                     | 0       |   |                                                                       |   | 62,917  |                     |   |   | 29,602 |   |   |   | 720 |   |   |   | 377,237 |   |
|  SVP & Chief         | 2009   |   |    | 201,058 |   |   |   | 4,731  |         |   |   | 44,643        |   |   |                                     | 65,472  |   |                                                                       |   | 0       |                     |   |   | 21,724 |   |   |   | 720 |   |   |   | 338,348 |   |
|  Operating Officer       | 2008   |   |    | 200,268 |   |   |   | 0      |         |   |   | 0             |   |   |                                     | 217,544 |   |                                                                       |   | 0       |                     |   |   | 21,086 |   |   |   | 960 |   |   |   | 439,858 |   |

| 1 Represents base salary earned during the respective fiscal year ended December 31.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 2 Represents bonuses paid in 2009 for salary deferral from August 2008 to February 2009.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
| 3 Represents the aggregate grant date fair value of time-based vesting RSUs awarded, computed in accordance with FASB ASC Topic 718. There can be no assurance that these amounts will be realized by the executive officers because they must be employed by the Company on the vesting dates in order to receive the underlying shares of Common Stock on the vesting dates. Excluded from the above table is the possible compensation costs of $310,375, $309,181 and $310,375, as measured at the award date under FASB ASC Topic 718 assuming full achievement of the financial performance targets, associated with 162,500, 161,875 and 162,500 RSUs awarded on May 26, 2010 under the Key Management Medium-Term Incentive Plan to Messrs. Wellesley-Wesley, Kieliszak and Prince, respectively, because the RSUs are solely performance-based awards, vesting of which will occur only if certain financial targets are achieved in 2012 or 2013, and the outcome of achieving such targets is not sufficiently probable at the award date to result in recording of any current compensation expense. These performance-based RSUs only vest if one or both performance conditions are achieved, these being achievement of a designated level of revenues in 2012 or 2013, achievement of which is worth half of the target award, and the other being achievement of a designated level of operating income, before share-based compensation expense, in 2012 or 2013, achievement of which is worth half of the target award.  There can be no assurance that these amounts will be realized by the executive officers because the financial performance targets may not be achieved and the executive officers must be employed by the Company on the vesting dates in order to receive the underlying shares of Common Stock on the vesting dates. |
| 4 Represents the grant date fair value of stock options awarded to the named executive officers in the years indicated, as explained in footnote 8 to the Company’s financial statements for the year ended December 31, 2010. There can be no assurance that these amounts will ever be realized by the executive officers because, for instance, the options could expire unexercised, they could be forfeited following termination of employment, or they could be out-of-the money for their term.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
| 5 Represents payouts under a management incentive compensation plan approved by the Compensation Committee and Board of Directors.  See the Annual Performance-Based Cash and/or Equity Awards section above for further information.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |

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| 6 Represents the actuarial increase in the present value of the named executive officer’s benefits under the Pension Plan, a tax-qualified, non-contributory defined benefit plan established to provide pension benefits to employees of the Company meeting Pension Plan eligibility criteria.  Present values for 2010 are based on certain assumptions which are discussed in the narrative following the 2010 Pension Benefits table below. For additional information on the Pension Plan, refer to the footnotes to the Company’s financial statements for the year ended December 31, 2010. |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 7 Represents perquisites, Company matching contributions to the 401(k) Plan and group term life insurance premiums, as itemized in the All Other Compensation table below.                                                                                                                                                                                                                                                                                                                                                                                                                                                |

|                                                                                                                                                                                                                                                                                                                                                         |   |        |   |   | Tax         |   |   | Company Match |   |   | Life      |   |   |   |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------|--------|--------|-------------|--------|--------|---------------|--------|--------|-----------|--------|--------|--------|--------|
|                                                                                                                                                                                                                                                                                                                                                         |   | Commutation |   |   | Preparation |   |   | on Qualified  |   |   | Insurance |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                         |   | Allowance1  |   |   | Fees2       |   |   | 401(k)Plan3   |   |   | Premiums4 |   |   | Total  |   |
| Name                                                                                                                                                                                                                                                                                                                                                         |   | ($)         |   |   | ($)         |   |   | ($)           |   |   | ($)       |   |   | ($)    |   |
| Michael Wellesley-Wesley                                                                                                                                                                                                                                                                                                                                     |   |        | 18,000 |   |        |   | 2,000  |          |   |   | 14,667    |   |   |   | 720    |   |   |   | 35,387 |   |
| Jerry Kieliszak                                                                                                                                                                                                                                                                                                                                              |   |        | 0      |   |        |   | 0      |          |   |   | 9,014     |   |   |   | 720    |   |   |   | 9,734 |   |
| Kevin Prince                                                                                                                                                                                                                                                                                                                                                 |   |        | 0      |   |        |   | 0      |          |   |   | 0         |   |   |   | 720    |   |   |   | 720 |   |
|                                                                                                                                                                                                                                                                                                                                                         |   |
| 1 Mr. Wellesley-Wesley receives a commutation allowance of $18,000 per year, payable in bi-weekly installments, to defray his costs of commuting to work, in lieu of a leased automobile.                                                                                                                                                                    |   |
| 2 The Company reimburses Mr. Wellesley-Wesley for professional tax assistance in preparing his U.S. personal income to tax returns, as a provision of his employment agreement, up to $5,000 per year.                                                                                                                                                       |   |
| 3 Represents the Company matching contribution that the Company makes for all employees who participate in the 401(k) Plan. Mr. Prince did not participate in the 401(k) plan.                                                                                                                                                                               |   |
| 4 Represents Company paid premiums for group term life insurance for the named executive officer. The Company provides group term life insurance for all of its U.S. employees equal to 250% of the insured’s annual salary capped at $250,000 of insurance, except for the named executive officers for whom the insurance provided is $500,000 each. |   |

| Name                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   | Target asa % ofSalary |   |   | PayoutRange asa % ofSalary |   |              | TargetAward ($) |   |   | MaximumAward ($) |   |   | ActualAward ($)1 |    |   | ActualAward asa % ofSalary |   |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-----------------------|--------|--------|----------------------------|--------|-------------------|-----------------|--------|--------|------------------|--------|--------|------------------|---------|--------|----------------------------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |                  |   |   |                       |   |              |            |   |   |             |   |   |             |    |   |                       |   |
| Michael Wellesley-Wesley                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |                  | 70     | %      |                       |   | 0% - 105          | %               |   |   | 325,820          |   |   |             | 488,730 |   |                       |   | 140,346 |   |   |   | 30 | % |
| Jerry Kieliszak                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |                  | 60     | %      |                       |   | 0% - 90 | %               |   |   | 136,258          |   |   |             | 204,387 |   |                       |   | 58,693 |   |   |   | 26 | % |
| Kevin Prince                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   |                  | 60     | %      |                       |   | 0% - 90 | %               |   |   | 146,065          |   |   |             | 219,098 |   |                       |   | 62,917 |   |   |   | 26 | % |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |                  |   |   |                       |   |              |            |   |   |             |   |   |             |    |   |                       |   |   |   |   |   |   |   |
| 1 The actual award amounts above were paid out in a combination of cash and Common Stock of the Company. The cash portion was equal to the payroll and withholding taxes payable to taxing authorities on the total of the recipient’s award. For Messrs. Wellesley-Wesley, Kieliszak and Prince the cash portion was $56,798, $23,136 and $24,442, respectively. The remainder of the actual award was paid in Common Stock of the Company, the number of shares of which was computed as the remaining dollar amount of the award divided by the closing market price per Chyron common share on March 16, 2011, the date the Board approved payment of the award, which closing price per share was $2.31. For Messrs. Wellesley-Wesley, Kieliszak and Prince, the number of shares issued were 36,168, 15,393 and 16,657, respectively. |   |

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|             |      |   | Estimated future payouts undernon-equity incentive plan awards1 |   |   | Estimated future payouts under equity incentive plan awards2 |   |    | All other stock awards: number of shares of stock orunits3 |   |   |  Grant date fair value of stock units and option awards4 |   |
|------------------|-----------|--------|-----------------------------------------------------------------|--------|--------|--------------------------------------------------------------|--------|---------|------------------------------------------------------------|--------|--------|---------------------------------------------------------------|--------|
|             | Grant     |   | Threshold                                                       |   |   | Target                                                       |   |    | Maximum                                                    |   |   | Target                                                        |   |   |   |   |   |   |   |
| Name             | Date      |   | ($)                                                             |   |   | ($)                                                          |   |    | ($)                                                        |   |   | ($)                                                           |   |   |   | (# | ) |   | ($) |   |
| (a)              | (b)       |   | (c)                                                             |   |   | (d)                                                          |   |    | (e)                                                        |   |   | (h)                                                           |   |   | (i) |   |   | (l) |   |
| Michael          |      |   |                                                            |   |   |                                                         |   |    |                                                       |   |   |                                                          |   |   |   |   |   |   |   |   |
| Wellesley-Wesley | 3/10/2010 |   |                                                            | 0      |   |                                                         |   | 325,820 |                                                       |   |   | 488,730                                                       |   |   |   |   |   |   |   |   |   |   |   |
|             | 5/26/2010 |   |                                                            |   |   |                                                         |   |    |                                                       |   |   |                                                          |   |   |   |   |   |   | 37,500 |   |   |   | 64,887 |   |
|             | 5/26/2010 |   |                                                            |   |   |                                                         |   |    |                                                       |   |   |                                                          |   |   |   | 310,375 |   |   |   |   |   |   |   | 0 | 5   |
| Jerry Kieliszak  | 3/10/2010 |   |                                                            | 0      |   |                                                         |   | 136,258 |                                                       |   |   | 204,387                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |
|             | 5/26/2010 |   |                                                            |   |   |                                                         |   |    |                                                       |   |   |                                                          |   |   |   |   |   |   |   | 25,000 |   |   |   | 43,258 |   |
|             | 5/26/2010 |   |                                                            |   |   |                                                         |   |    |                                                       |   |   |                                                          |   |   |   | 309,181 |   |   |   |   |   |   |   | 0 | 5   |
| Kevin Prince     | 3/10/2010 |   |                                                            | 0      |   |                                                         |   | 146,065 |                                                       |   |   | 219,098                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |
|             | 5/26/2010 |   |                                                            |   |   |                                                         |   |    |                                                       |   |   |                                                          |   |   |   |   |   |   |   | 25,000 |   |   |   | 43,258 |   |
|             | 5/26/2010 |   |                                                            |   |   |                                                         |   |    |                                                       |   |   |                                                          |   |   |   | 310,375 |   |   |   |   |   |   |   | 0 | 5   |

| 1 Represents the threshold, target and maximum annual management incentive compensation plan awards that could have been earned for 2010 if these levels had been achieved. The targeted performance condition-based awards under our 2010 executive incentive compensation plan were 70% of base salary for Mr. Wellesley-Wesley and 60% of base salary for Messrs. Kieliszak and Prince. See the “Compensation Discussion and Analysis - Annual Performance-Based Cash and/or Equity Awards” section above for the terms and conditions of the 2010 management incentive compensation plan and the Non-Equity Incentive Plan table above for the actual awards earned by the named executive officers and the form and amount of payouts.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 2 Represents the possible compensation costs as measured under FASB ASC Topic 718 at the award date for 162,500, 161,875 and 162,500 RSUs awarded on May 26, 2010 under the Key Management Medium-Term Incentive Plan to Messrs. Wellesley-Wesley, Kieliszak and Prince, respectively. These RSUs are solely performance-based awards, vesting of which will occur only if certain financial targets are achieved in 2012 or 2013.  The outcome of achieving such targets is not sufficiently probable at the award date to result in recording of any of the above compensation costs in the Company’s results of operations.  These performance-based RSUs only vest if one or both performance conditions are achieved, these being achievement of a designated level of revenues in 2012 or 2013, achievement of which is worth half of the target award, and the other being achievement of a designated level of operating income, before share-based compensation expense, in 2012 or 2013, achievement of which is worth half of the target award.  There can be no assurance that these amounts will be realized by the executive officers because the financial performance targets may not be achieved and the executive officers must be employed by the Company on the vesting dates in order to receive the underlying shares of Common Stock on the vesting dates. |
| 3 Represents the number of time-based vesting RSUs granted on May 26, 2010 for the annual management equity award. Each RSU, if and when it vests, results in the issuance of one share of Company Common Stock. These RSUs vest in equal amounts on the first, second and third anniversaries of the grant date on the condition that the executive officer is employed by the Company on the vesting date.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
| 4 The fair value of the annual management equity RSU awards shown in column (i) are computed on the date of grant by multiplying the number of shares of Common Stock underlying the RSU award by the closing market price of a share of the Company’s Common Stock on the grant date, which was $1.91 per share, and net of estimated forfeitures, based on a weighted average annual forfeiture rate of 7%, because the RSUs are time-based and not performance-based awards.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
| 5 Excluded from grant date fair value is the possible compensation costs of $310,375, $309,181 and $310,375, shown in column (h), as measured at the award date under FASB ASC Topic 718 assuming full achievement of the financial performance targets, to Messrs. Wellesley-Wesley, Kieliszak and Prince, respectively, because the RSUs are solely performance-based awards, vesting of which will occur only if certain financial performance targets are achieved in 2012 or 2013, and the outcome of achieving such targets is not sufficiently probable at the award date to result in recording of any current compensation expense. These performance-based RSUs only vest if one or both performance conditions are achieved, these being achievement of a designated level of revenues in 2012 or 2013, achievement of which is worth half of the target award, and the other being achievement of a designated level of operating income, before share-based compensation expense, in 2012 or 2013, achievement of which is worth half of the target award, and the executive officer is employed by the Company at the vesting date.                                                                                                                                                                                                                                                                     |

----

----

----

| Option Awards1   |   | Stock Awards                                                    |   |
|------------------|--------|-----------------------------------------------------------------|--------|
| Name             |   | Number of Securities Underlying Unexercised Options Exercisable |   |   | Number of Securities Underlying Unexercised Options Unexercisable |   |   | Option Exercise Price |   | Option Expiration Date |   | Number of Shares or Units of Stock That Have Not Vested2 |   |   | Market Value of Shares or Units of Stock That Have Not Vested2 |   |   | Equity Incentive Plan Awards: Number of Unearned Shares, Units or Other Rights That Have Not Vested3 |   |   | Equity Incentive Plan Awards: Market or Payout Value of Unearned Shares, Units or Other Rights That Have Not Vested3 |   |
|             |   |                                                            | (#     | ) |   |   | (# | ) |   | ($) |   |   |   |   | (# | ) |   | ($) |   |   |   | (# | ) |   | ($) |   |
| (a)              |   | (b)                                                             |   |   | (c) |   |   | (e) |   | (f) |   | (g) |   |   | (h) |   |   | (i) |   |   | (j) |   |
| Michael          |   |                                                            | 1,667  |   |   |   | 0 |   |   |   | 7.125 |   | 7/31/2010 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Wellesley-Wesley |   |                                                            | 50,000 |   |   |   | 0 |   |   |   | 1.650 |   | 7/25/2011 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|             |   |                                                            | 1,667  |   |   |   | 0 |   |   |   | 1.500 |   | 7/31/2011 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|             |   |                                                            | 1,667  |   |   |   | 0 |   |   |   | 0.855 |   | 7/31/2012 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|             |   |                                                            | 50,000 |   |   |   | 0 |   |   |   | 0.660 |   | 2/21/2013 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|             |   |                                                            | 78,334 |   |   |   | 0 |   |   |   | 2.010 |   | 5/18/2014 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|             |   |                                                            | 50,000 |   |   |   | 0 |   |   |   | 1.020 |   | 6/3/2015 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|             |   |                                                            | 50,000 |   |   |   | 0 |   |   |   | 2.760 |   | 5/18/2016 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|             |   |                                                            | 33,333 |   |   |   | 0 |   |   |   | 2.430 |   | 5/16/2017 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|             |   |                                                            | 50,000 |   |   |   | 25,000 |   |   |   | 5.480 |   | 5/19/2018 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|             |   |                                                            | 18,750 |   |   |   | 56,250 |   |   |   | 1.310 |   | 5/13/2019 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|             |   |                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   | 49,557 |   |   |   | 109,025 |   |   |   |   |   |   |   |   |
|             |   |                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   | 37,500 |   |   |   | 82,500 |   |   |   |   |   |   |   |   |
|             |   |                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   | 162,500 |   |   |   | 357,500 |   |
| Jerry Kieliszak  |   |                                                            | 25,000 |   |   |   | 0 |   |   |   | 1.830 |   | 5/23/2012 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|             |   |                                                            | 16,667 |   |   |   | 0 |   |   |   | 0.810 |   | 12/13/2012 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|             |   |                                                            | 8,334  |   |   |   | 0 |   |   |   | 1.050 |   | 11/7/2013 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|             |   |                                                            | 33,334 |   |   |   | 0 |   |   |   | 2.010 |   | 5/18/2014 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|             |   |                                                            | 25,000 |   |   |   | 0 |   |   |   | 1.020 |   | 6/3/2015 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|             |   |                                                            | 33,334 |   |   |   | 0 |   |   |   | 2.760 |   | 5/18/2016 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|             |   |                                                            | 33,334 |   |   |   | 0 |   |   |   | 2.430 |   | 5/16/2017 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|             |   |                                                            | 33,332 |   |   |   | 16,668 |   |   |   | 5.480 |   | 5/19/2018 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|             |   |                                                            | 18,750 |   |   |   | 56,250 |   |   |   | 1.310 |   | 5/13/2019 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|             |   |                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   | 19,306 |   |   |   | 42,473 |   |   |   |   |   |   |   |   |   |
|             |   |                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   | 25,000 |   |   |   | 55,000 |   |   |   |   |   |   |   |   |   |
|             |   |                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   | 161,875 |   |   |   | 356,125 |   |
| Kevin Prince     |   |                                                            | 16,667 |   |   |   | 0 |   |   |   | 1.440 |   | 8/16/2014 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|             |   |                                                            | 33,334 |   |   |   | 0 |   |   |   | 1.020 |   | 6/3/2015 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|             |   |                                                            | 33,334 |   |   |   | 0 |   |   |   | 2.760 |   | 5/18/2016 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|             |   |                                                            | 33,334 |   |   |   | 0 |   |   |   | 2.430 |   | 5/16/2017 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|             |   |                                                            | 33,332 |   |   |   | 16,668 |   |   |   | 5.480 |   | 5/19/2018 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|             |   |                                                            | 18,750 |   |   |   | 56,250 |   |   |   | 1.310 |   | 5/13/2019 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|             |   |                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   | 19,306 |   |   |   | 42,473 |   |   |   |   |   |   |   |   |   |
|             |   |                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   | 25,000 |   |   |   | 55,000 |   |   |   |   |   |   |   |   |   |
|             |   |                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   | 162,500 |   |   |   | 357,500 |   |

| 1 The date of grant of each of the above options is ten years prior to the above option expiration dates. The unexercisable options above vest over three years at one-third of the total grant each anniversary date from date of grant, except for the May 13, 2009 grant which vests over four years at one-fourth of the total grant on each anniversary date from date of grant.                                                                                                                                                                                                                                            |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 2 Represents time-based vesting RSUs granted on November 9, 2009 and on May 26, 2010 (2010 annual management equity award), respectively, for each of the above named executive officers, valued for the above disclosure purposes at closing market price of $2.20 per share for the Company’s Common Stock at December 31, 2010. The November 9, 2009 RSUs vest in equal amounts each quarter for 12 consecutive quarters commencing in the first quarter of 2010. The May 26, 2010 annual management equity award RSUs vest in equal portions on each of the first, second and third anniversary dates from grant date. |

----

| 3 Represents performance-based vesting RSUs granted on May 26, 2010 under the Key Management Medium-Term Incentive Plan, valued for the above disclosure purposes at closing market price of $2.20 per share for the Company’s Common Stock at December 31, 2010.  These performance-based RSUs only vest if one or both performance conditions are achieved, these being achievement of a designated level of revenues in 2012 or 2013, achievement of which is worth half of the target award, and the other being achievement of a designated level of operating income, before share-based compensation expense, in 2012 or 2013, achievement of which is worth half of the target award. |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|                                                                                                                                                                                                                                                                            |   | Option Awards                        |   |   | Stock Awards              |   |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------------------------|--------|--------|---------------------------|--------|
| Name                                                                                                                                                                                                                                                                            |   | Number of sharesacquired on exercise |   |   | Value realizedon exercise |   |   | Number of shares acquired on vesting |   |   | Value realized on vesting1 |   |
|                                                                                                                                                                                                                                                                            |   |                                 | (#     | )      |                      | ($)    |   |   |   | (# | ) |   | ($) |   |
| (a)                                                                                                                                                                                                                                                                             |   | (b)                                  |   |   | (c)                       |   |   | (d) |   |   | (e) |   |
| Michael Wellesley-Wesley                                                                                                                                                                                                                                                        |   |                                 | 0      |   |                      |   | 0 |   |   |   | 24,779 |   |   |   | 45,965 |   |
| Jerry Kieliszak                                                                                                                                                                                                                                                                 |   |                                 | 0      |   |                      |   | 0 |   |   |   | 9,653 |   |   |   | 17,906 |   |
| Kevin Prince                                                                                                                                                                                                                                                                    |   |                                 | 0      |   |                      |   | 0 |   |   |   | 9,653 |   |   |   | 17,906 |   |
|                                                                                                                                                                                                                                                                            |   |                                 |   |   |                      |   |   |   |   |   |   |   |   |   |   |   |
| 1 Amounts shown in this column equal the number of shares of the Company’s Common Stock acquired on vesting of RSUs times the closing market price of the Company’s Common Stock on the vesting date. These amounts represent taxable wages to the recipients. |   |

| Name                                                                                                                                                                                                                                                                                                                  | Plan Name                            |   | Number of Years of Credited Service1 |   |   | Present Value of Accumulated Benefit |   |    | Payments During Last Fiscal Year |   |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------------------------|--------|--------------------------------------|--------|--------|--------------------------------------|--------|---------|----------------------------------|--------|
|                                                                                                                                                                                                                                                                                                                  |                                 |   |                                 | (#     | )      |                                 | ($)    |    |                             | ($)    |   |
| (a)                                                                                                                                                                                                                                                                                                                   | (b)                                  |   | (c)                                  |   |   | (d)                                  |   |    | (e)                              |   |
| Michael Wellesley-Wesley                                                                                                                                                                                                                                                                                              | Chyron Employees’ Pension Plan |   |                                 | 6.5    |   |                                 |   | 165,959 |                             |   |   | 0 |   |
| Jerry Kieliszak                                                                                                                                                                                                                                                                                                       | Chyron Employees’ Pension Plan |   |                                 | 7.5    |   |                                 |   | 170,943 |                             |   |   | 0 |   |
| Kevin Prince                                                                                                                                                                                                                                                                                                          | Chyron Employees’ Pension Plan |   |                                 | 5.0    |   |                                 |   | 99,132  |                             |   |   | 0 |   |
|                                                                                                                                                                                                                                                                                                                  |                                 |   |                                 |   |   |                                 |   |    |                             |   |   |   |   |
| 1 As of December 31, 2010, the number of years and months that each named executive officer has worked for the Company, in arriving at these numbers of years of credited service, is as follows: Mr. Wellesley-Wesley, 7 years, 10 months; Mr. Kieliszak, 8 years, 9 months; and Mr. Prince, 6 years, 5 months. |                                 |

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| ·   | If the Company desires not to renew the Agreement or offers to renew the Agreement on terms less favorable to Mr. Wellesley-Wesley than those in the Agreement or for a period of less than 1 year, then the Company will pay him a transitional payment of his base salary for an additional 6 months, Company health benefits, any accrued but unpaid award under the annual performance-based award plan, and a monthly commutation payment of $1,500 per month for an additional 6 months so that he could assist the Company in an orderly transition to a new CEO. |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | If the Company offers to extend the Agreement for a period of not less than 1 year on terms and conditions that are no less favorable than contained in the agreement and Mr. Wellesley-Wesley declines to accept such extension, then there would be no further severance payments or transitional payment due to him at the end of the employment term specified in the Agreement. |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | If the Company does not extend the Agreement, then all of his vested options would have an exercise period equal to the remaining term of such options without regard to any shorter exercise period in the stock option plan. |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| ·   | If he is terminated for cause, then he would receive his base salary to the effective date of his termination, any accrued but unpaid award under the annual management incentive compensation plan, any accrued but unpaid commutation payment, and any unreimbursed expenses. “Cause” means he is convicted of a felony crime, willfully commits any act or willfully omits to take any action in bad faith and to the material detriment of the Company, commits an act of active and deliberate fraud against the Company, or materially breaches any term of the Agreement and fails to correct the breach within 10 days written notice of its commission. |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | If he is physically or mentally incapacitated or disabled or otherwise unable to fulfill his duties for 120 consecutive days, and he is unable to resume his duties after 30 days notice from the Company, then he would receive the pro rata portion of his base salary not previously paid through the date of termination, any accrued but unpaid award under the annual management incentive compensation plan, any accrued but unpaid commutation payment, and any unreimbursed expenses. Any amount provided for under any insurance policy or similar instrument would also be paid by the insurer. He would also receive from the insurer any payment as may be provided under any disability insurance. |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | If he dies, the Company would pay the pro rata portion of his base salary not previously paid through the date of his death, any accrued but unpaid award under the annual management incentive compensation plan and any unreimbursed expenses. Any amount provided for under any insurance policy or similar instrument will also be paid by the insurer. |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | If the Company terminates him for any reason other than described above or as a result of a change-in-control as defined in his change-in-control agreement, or he resigns for good reason (as defined below), then the Company would pay him: (i) his base salary for the longer of the remainder of the employment term following the date of termination or 6 months; (ii) all unvested equity-based awards, other than performance-based equity awards, which would immediately vest and have an exercise period equal to the remaining term of such options without regard to any shorter exercise period set forth in the relevant stock option plan as a result of termination, except to the extent that any equity awards vest upon the Company’s achievement of performance goals, then in such case the performance-based equity award will vest as provided for in the equity award agreement notwithstanding that he is no longer employed by the Company on such date; (iii) an amount, grossed up for federal, state and local taxes, in lieu of participation in the Company’s life, long-term disability and health insurance plans for the remaining term of the agreement; (iv) any accrued but unpaid base salary and award under the annual management incentive compensation  plan; and, (v) any previously incurred but unpaid business expenses and commutation payment, and other amounts due him. These amounts would be paid in accordance with Company policy as if he had not been terminated, except the benefits described in item (iii) of the previous sentence would be paid in a lump sum within 20 business days from the date of termination. “Good reason” means a reduction in his base salary or the cap, if any, on his incentive pay; his assignment to any duties inconsistent in any material respect with his position (including status, offices, titles, and reporting requirements), authority, duties or responsibilities which result in a material diminution in such position, authority, or duties. |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| ·   | “change–in-control” is defined as: (i) the acquisition, directly or indirectly, by any individual, entity or group, or a Person (within the meaning of Section 13(d)(3) or 14(d)(2) of the Securities and Exchange Act of 1934, as amended (the “Exchange Act”)), of ownership of 30% or more of either (a) the then outstanding shares of Common Stock of the Company (the “Outstanding Company Common Stock”) or (b) the combined voting power of the then outstanding voting securities of the Company entitled to vote generally in the election of directors (the “Outstanding Company Voting Securities”); (ii) individuals who, as of the date of the change-in-control agreement, constitute the Board (the “Incumbent Board”) cease for any reason to constitute at least a majority of the Board; provided, however, that any individual becoming a director subsequent to the date of the change-in-control agreement whose election, or nomination for election by the Company’s shareholders, was approved by a vote of at least a majority of the directors then comprising the Incumbent Board shall be considered as though such individual were a member of the Incumbent Board, but excluding, as a member of the Incumbent Board, any such individual whose initial assumption of office occurs as result of either an actual or threatened election contest (as such terms are used in Rule 14a-11 of Regulation 14A promulgated under the Exchange Act) or other actual or threatened solicitation of proxies or consents by or on behalf of a Person other than the Board;  (iii) approval by the shareholders of the Company of a reorganization, merger or consolidation, in each case, unless, following such reorganization, merger or consolidation, (x) more than 50% of the then outstanding shares of Common Stock of the Company resulting from such reorganization, merger or consolidation and the combines voting power of the then outstanding voting securities of such corporation entitled to vote generally in the election of directors is then beneficially owned, directly or indirectly, by all or substantially all of the individuals and entities who were the beneficial owners, respectively, of the Outstanding Company Common Stock and Outstanding Company Voting Securities immediately prior to such reorganization, merger or consolidation in substantially the same proportions as their ownership, immediately prior to such reorganization, merger or consolidation of the Outstanding Company Common Stock and Outstanding Company Voting Securities, as the case may be, and (y) at least a majority of the members of the board of directors of the corporation resulting from such reorganization, merger or consolidation were members of the    |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| ·   | “cause” is defined as (i) being convicted of a felony crime; (ii) willfully committing any act or willfully omitting to take any action in bad faith and to the material detriment to the Company; (iii) committing an act of active and deliberate fraud against the Company; or (iv) materially breaching any term of the agreement or any written policy of the Company that could expose the Company to significant damages (including, but not limited to breach of the Company’s anti-discrimination or harassment policies) and failing to correct such breach within 10 days after written notice thereof; |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | “severance event” is defined as termination of employment of the named executive officer if his termination is related to a change in control and is either without cause or is a resignation for good reason; and |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | “good reason” is defined as the named executive officer giving notice of his resignation as a result of: (i) a reduction in his base salary or the cap, if any, on his incentive pay; (ii) his assignment to any duties inconsistent in any respect with his position (including status, offices, titles and reporting requirements), authority, duties or responsibilities which result in a diminution in such position, authority, duties or responsibilities, whether immediately prior to or after the occurrence of a severance event; (iii) the taking of any action by the Company which would adversely affect his participation in, or materially reduce his benefits under any plans, including incentive pay plans or programs, offered by the Company prior to the severance event; or (iv) in the event of or after the occurrence of a severance event, requiring him to be based at any office or location other than in New York City or Long Island (or in the case of Mr. Wellesley-Wesley, other than in New York City, Long Island, or London, England) |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |      |    |   |       |   |    |      |   |   |      |   |   | Early    |   |   |   |   |    |   |   |   |   |   |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-----------|---------|--------|------------|--------|---------|-----------|--------|--------|-----------|--------|--------|----------|--------|--------|--------|--------|---------|--------|--------|--------|--------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |      |    |   | Incentive  |   |    |      |   |   |      |   |   | Vesting  |   |   |   |   |    |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |      |    |   | Plan       |   |    |      |   |   |      |   |   | of       |   |   | Tax    |   |    |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   | Severance |    |   | Award      |   |    | Severance |   |   | Accrued   |   |   | Stock    |   |   | Gross  |   |    | Excise |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   | Salary1   |    |   | Severance2 |   |    | Benefits3 |   |   | Vacation4 |   |   | Options5 |   |   | Up6    |   |    | Tax7   |   |   | Total  |   |
| Name                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   | ($)       |    |   | ($)        |   |    | ($)       |   |   | ($)       |   |   | ($)      |   |   | ($)    |   |    | ($)    |   |   | ($)    |   |
| Michael Wellesley-Wesley                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |      | 473,382 |   |       |   | 331,367 |      |   |   | 27,359    |   |   |     | 18,207 |   |   |   | 241,588 |   |   |   | 20,639 |   |   |   | 121,550 |   |   |   | 1,234,092 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |      |    |   |       |   |    |      |   |   |      |   |   |     |   |   |   |   |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Jerry Kieliszak                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |      | 240,000 |   |       |   | 144,000 |      |   |   | 27,359    |   |   |     | 9,231  |   |   |   | 147,536 |   |   |   | 20,639 |   |   |   | 0 |   |   |   | 588,765 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |      |    |   |       |   |    |      |   |   |      |   |   |     |   |   |   |   |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Kevin Prince                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   |      | 265,000 |   |       |   | 159,000 |      |   |   | 27,359    |   |   |     | 10,193 |   |   |   | 147,536 |   |   |   | 20,639 |   |   |   | 0 |   |   |   | 629,727 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |      |    |   |       |   |    |      |   |   |      |   |   |     |   |   |   |   |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| 1 Amounts represent base salary in effect at December 31, 2010.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |
| 2 Assumes for this purpose that the target annual management incentive compensation plan awards for 2011 at 100% achievement would be the greater amount of 2011 projected awards versus 2010 actual awards. The 2010 and 2011 annual management incentive compensation plans’ terms specify that the awards paid under the plans will be in cash to the extent of the recipient’s required withholding and payroll taxes on the awards, and the balance of the awards will be payable in Common Stock.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |
| 3 Amounts represent management estimates based on existing life insurance, long-term disability and health insurance plan premiums. Actual amounts would be costs charged by third party insurers to provide comparable benefits to those provided by the Company for the twelve month period following termination.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |
| 4 Amounts represent dollar value of actual accrued vacation at December 31, 2010.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |
| 5 The value of the vesting acceleration was calculated as follows: (a) for stock options, multiplying the number of unvested in-the-money option shares as of December 31, 2010 by the spread between the closing price of the Company’s Common Stock as of December 31, 2010, which was $2.20 per share, and the exercise price of such unvested options; and (b) for RSUs, the number of unvested time-based RSUs as of December 31, 2010 times the closing price of the Company’s common stock as of December 31, 2010. Each of the above named executive officers held 56,250 unvested stock options at December 31, 2010 that were in-the-money options at an exercise price per share of $1.31 which if exercised at these values would have resulted in a gain on exercise of $50,063 for each named executive officers. Messrs. Wellesley-Wesley, Kieliszak and Prince held 87,057, 44,306 and 44,306 unvested RSUs subject to time-based vesting, respectively. These RSUs would have had a value of $191,525, $97,473 and $97,473, respectively, as reported in the Outstanding Equity Awards at Fiscal Year-End table above, as of December 31, 2010. |   |
| 6 The tax gross-up is estimated as that required to compensate for an estimated 43% effective tax rate (federal, state, local, social security and Medicare taxes) on the severance benefits amounts.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |
| 7 The change in control agreements for each of the named executive officers state that the Company will hold each harmless, on an after-tax basis, from any taxes, costs, expenses, penalties, fines, interest or other liabilities (the “409A penalties”) that might result from any non-compliance with Section 409A of the Code in connection with payments made under the agreements. The Company estimates that only $338,805 of payments to Mr. Wellesley-Wesley would be subject to 409A excise tax and interest in a scenario in which the change in control payments made to him were determined to not be in compliance with Section 409A of the Code. We are required to report this information to disclose what the effect would be if 409A were not complied with. However, we believe that the change in control agreements as structured comply with the requirements of 409A and we intend to comply with 409A to the fullest extent possible, and therefore we believe the aforementioned 409A penalties would likely not be incurred.                                                                                                              |   |

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|                  |   | Fees Earned or |   |   |          |   | Option  |   | All Other     |   |   |   |   |
|-----------------------|--------|----------------|--------|--------|---------------|--------|---------|--------|---------------|--------|--------|--------|--------|
| Name                  |   | Paid in Cash   |   |   | Stock Awards1 |   | Awards2 |   | Compensation3 |   |   | Total  |   |
|                  |   | ($)            |   |   | ($)           |   | ($)     |   | ($)           |   |   | ($)    |   |
| (a)                   |   | (b)            |   |   | (c)           |   | (d)     |   | (g)           |   |   | (h)    |   |
| Susan Clark-Johnson4  |   |           | 16,167 |   |          |   | 36,533  |   |          |   |   | 0      |   |   |   | 52,700 |   |
| Peter F. Frey5        |   |           | 25,000 |   |          |   | 40,296  |   |          |   |   | 0      |   |   |   | 65,296 |   |
| Christopher R. Kelly6 |   |           | 25,000 |   |          |   | 40,296  |   |          |   |   | 0      |   |   |   | 65,296 |   |
| Roger L. Ogden7       |   |           | 40,000 |   |          |   | 57,566  |   |          |   |   | 0      |   |   |   | 97,566 |   |
| Robert A. Rayne8      |   |           | 20,000 |   |          |   | 34,540  |   |          |   |   | 0      |   |   |   | 54,540 |   |
| Michael C. Wheeler    |   |           | 20,000 |   |          |   | 34,540  |   | 11,213        |   |   | 35,000 |   |   |   | 100,753 |   |

| 1 Represents the aggregate grant date fair value, of RSUs awarded to the named directors on the grant date of January 4, 2010 (except for Ms. Clark-Johnson, for whom the grant date was March 15, 2010).  Each RSU was settled for one share of the Company’s common stock on the vesting date, January 4, 2011. The grant date fair value has been computed in accordance with ASC Topic 718 excluding the effect of estimated forfeitures. The fair value of each RSU equals the number of RSUs awarded times the closing market price of the Company’s common stock on the grant date, which was $2.08 per share for the January 4, 2010 grant date and $2.20 for the March 15, 2010 grant date. The above named directors held the following number of RSUs and stock options, respectively, at December 31, 2010:  Susan Clark-Johnson, 16,606 and 0; Peter F. Frey, 19,373 and 30,000; Christopher R. Kelly, 19,373 and 68,337; Roger L. Ogden, 27,676 and 40,000; Robert A. Rayne, 16,606 and 30,000; and Michael C. Wheeler, 16,606 and 65,895. |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 2Option Awards for Mr. Wheeler in the amount of $11,213 represents the pre-forfeitures grant date fair value, calculated using a Black-Scholes option valuation model as of the grant date of August 9, 2010, for 15,060 non-qualified stock options awarded to Mr. Wheeler for services rendered to the Company for other than Board services, as is explained in the Certain Relationships and Related Transactions section elsewhere in this Proxy Statement.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| 3 All Other Compensation for Mr. Wheeler in the amount of $35,000 represents a cash payment in August 2010 for services rendered to the Company for other than Board services, as is explained in the Certain Relationships and Related Transactions section elsewhere in this Proxy Statement.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
| 4 Member of the Audit Committee and Member of the Compensation Committee.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
| 5 Chairman of the Audit Committee.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
| 6 Member of the Compensation Committee and Chairman of the Corporate Governance and Nominating Committee.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
| 7 Chairman of the Board of Directors, Member of the Audit Committee and Chairman of the Compensation Committee.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
| 8 Member of the Corporate Governance & Nominating Committee.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |

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| Plan Category                                                                                                                                                                                                                                 |   | Number of securities to be issued upon exercise of outstanding stock options, warrants and rights2 |      |   | Weighted average exercise price of outstanding stock options, warrants and rights3 |   |   | Number of securities remaining available for future issuance under equity compensation plans (excluding securities reflected in column (a)) |   |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|----------------------------------------------------------------------------------------------------|-----------|--------|------------------------------------------------------------------------------------|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------|--------|
|                                                                                                                                                                                                                                          |   |                                                                                               | (#        | )      |                                                                               | ($)    |   |                                                                                                                                        |   | (# | ) |
|                                                                                                                                                                                                                                          |   | (a)                                                                                                |      |   | (b)                                                                                |   |   | (c)                                                                                                                                         |   |
| Equity compensation plans approved by shareholders1                                                                                                                                                                                           |   |                                                                                               | 5,564,689 |   |                                                                               |   | 2.39   |                                                                                                                                        |   |   | 1,047,110 |   |
|                                                                                                                                                                                                                                          |   |                                                                                               |      |   |                                                                               |   |   |                                                                                                                                        |   |   |   |   |
| Equity compensation plans not approved by shareholders                                                                                                                                                                                        |   |                                                                                               | 0         |   |                                                                               |   | 0      |                                                                                                                                        |   |   | 0 |   |
|                                                                                                                                                                                                                                          |   |                                                                                               |      |   |                                                                               |   |   |                                                                                                                                        |   |   |   |   |
| Total                                                                                                                                                                                                                                         |   |                                                                                               | 5,564,689 |   |                                                                               |   | 2.39   |                                                                                                                                        |   |   | 1,047,110 |   |
|                                                                                                                                                                                                                                          |   |                                                                                               |      |   |                                                                               |   |   |                                                                                                                                        |   |   |   |   |
| 1 These plans consist of our 2008 Long-Term Incentive Plan and our 1999 Incentive Compensation Plan. No further awards may be made under the 1999 Incentive Compensation Plan.                                                      |   |
| 2 Includes 3,411,573 vested and unvested stock options and 2,153,116 unvested RSUs, each of which, if vested, would be settled by the issuance of one share of Common Stock.                                                             |   |
| 3 The weighted average exercise price for all stock options only is $2.39 per share. The exercise price for all RSUs outstanding is zero. The weighted average exercise price for all stock options and RSUs combined is $1.46 |   |

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|   | 1. | Reviewing the financial reports and other financial related information released by the Company to the public, or in certain circumstances, governmental bodies; |
|--------|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 2. | Reviewing the Company’s system of internal controls regarding finance, accounting, business conduct and ethics and legal compliance that management and the Board have established; |
|--------|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 3. | Reviewing the Company’s accounting and financial reporting processes; |
|--------|----|-----------------------------------------------------------------------------|

|   | 4. | Reviewing and appraising with management the performance of the Company’s independent registered public accountants; and, |
|--------|----|---------------------------------------------------------------------------------------------------------------------------------|

|   | 5. | Providing an open avenue of communication between the independent registered public accountants and the Board. |
|--------|----|----------------------------------------------------------------------------------------------------------------|

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|                                                                                                                                                                                                   |   | For Year Ended December 31, |               |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-----------------------------|--------------------|
|                                                                                                                                                                                                   |   | 2010                        | 2009               |   |
| Audit Fees1                                                                                                                                                                                            |   | 232,355                     | 223,351            |   |
| Audit-Related Fees2                                                                                                                                                                                    |   | 51,730                      | 60,331             |   |
| Tax Fees3                                                                                                                                                                                              |   |   36,875          |   47,314 |   |
|                                                                                                                                                                                                   |   | 320,960                     | 330,996            |   |
|                                                                                                                                                                                                   |   |                        |               |   |
| 1 Consists of fees and expenses for audit of the Company’s annual financial statements and SAS 100 review of quarterly financial statements included in our Quarterly Reports on Form 10-Q. |
| 2 Consists primarily of fees and expenses for employee benefit plans audits.                                                                                                                      |
| 3 Consists of fees and expenses for tax compliance, advice and planning.                                                                                                                          |

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| ·   | Audit services include audit work performed in the preparation of financial statements, as well as work that generally only the independent registered public accounting firm can reasonably be expected to provide, including comfort letters, statutory audits, and attest services and consultation regarding financial accounting and/or reporting standards. |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Audit-Related services are for assurance and related services that are traditionally performed by the independent registered public accounting firm, including due diligence related to mergers and acquisitions, employee benefit plan audits, and special procedures required to meet certain regulatory requirements. |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Tax services include all services performed by the independent registered public accounting firm’s tax personnel except those services specifically related to the audit of the financial statements, and includes fees in the areas of tax compliance, tax planning, and tax advice. |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|                                      | Shares Beneficially Owned2 |
|-------------------------------------------|----------------------------|
| Name and Address of Beneficial Owner      | Number                     | Percent3 |
|                                      |                       |   |
| Entities affiliated with LMS Capital plc4 | 2,917,997                  | 17.97% |
| and Robert A. Rayne12                     |                       |   |
| 100 George Street                         |                       |   |
| London, W1U 8NU                           |                       |   |
| England, U.K.                             |                       |   |
|                                      |                       |   |
| Christopher R. Kelly5                     | 2,339,963                  | 14.38% |
| 800 Fifth Avenue, Suite 4100              |                       |   |
| Seattle, WA 98104                         |                       |   |
|                                      |                       |   |
| Michael I. Wellesley-Wesley6              | 1,506,877                  | 9.07% |
| c/o Chyron Corporation                    |                       |   |
| 5 Hub Drive                               |                       |   |
| Melville, New York 11747                  |                       |   |

|                                         | Shares Beneficially Owned2 |
|----------------------------------------------|----------------------------|
| Name of Beneficial Owner                     | Number                     | Percent3 |
|                                         |                       |   |
| Robert A. Rayne4,12                          | 2,917,997                  | 17.97% |
|                                         |                       |   |
| Christopher R. Kelly5                        | 2,339,963                  | 14.38% |
|                                         |                       |   |
| Michael I. Wellesley-Wesley6                 | 1,506,877                  | 9.07% |
|                                         |                       |   |
| Jerry Kieliszak7                             | 252,152                    | 1.53% |
|                                         |                       |   |
| Kevin Prince8                                | 179,828                    | 1.10% |
|                                         |                       |   |
| Peter F. Frey9                               | 166,925                    | 1.03% |
|                                         |                       |   |
| Roger L. Ogden10                             | 98,276                     | * |
|                                         |                       |   |
| Michael C. Wheeler11                         | 84,501                     | * |
|                                         |                       |   |
| Susan Clark-Johnson13                        | 16,606                     | * |
|                                         |                       |   |
| All current directors and executive officers |                       |   |
| as a group (8 persons)                       | 7,383,297                  | 43.28% |

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| 1  These tables are based upon information supplied by Schedules 13D and 13G, if any, filed with the Securities and Exchange Commission (the “SEC”) and/or the beneficial owner.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
| 2  Beneficial ownership is determined in accordance with the rules of the SEC. In computing the number of shares beneficially owned by a person and the percentage of ownership of that person, shares of Common Stock subject to equity awards exercisable within 60 days of March 1, 2011 are deemed outstanding. To the Company’s knowledge, except as set forth in the footnotes to this table and subject to applicable community property laws, each person named in the table has sole voting and investment power with respect to the shares set forth opposite such person’s name.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
| 3  In calculating the percent of the outstanding shares of Common Stock, 16,214,125 shares of Common Stock which were outstanding on March 1, 2011, as well as, where applicable, all shares issuable on the exercise of equity awards within 60 days of March 1, 2011 held by the particular beneficial owner that are included in the column to the left of this column, are deemed to be outstanding.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
| 4  Includes 1,238,464 shares beneficially owned by LMS Tiger Investments Limited (“Tiger”), 134,680 shares beneficially owned by Lion Investments Ltd. (“Lion”), and 1,410,719 shares beneficially owned by Westpool Investment Trust plc (“Westpool”). Tiger, Lion and Westpool are investment companies wholly-owned by LMS Capital plc (“LMS”). By virtue of this relationship, LMS is an indirect beneficial owner of the securities owned by Tiger, Lion and Westpool. Mr. Robert A. Rayne, a director of the Company, is Chairman, a director and a principal shareholder of LMS and shares voting and investment control over these shares with two other executive directors of LMS.  Mr. Rayne disclaims beneficial ownership of the shares except to the extent of his pecuniary interest therein. The amount shown also includes 109,134 shares owned by Mr. Rayne and stock options owned by Mr. Rayne for 25,000 shares that may be acquired upon the exercise of options exercisable within 60 days of March 1, 2011. The total of 2,917,997 is reported in the above table as beneficially owned by both LMS and Mr. Rayne. See note (12) below. |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
| 5  Includes 2,092,472 shares owned by Christopher R. Kelly and 185,821 shares beneficially owned by Mr. Kelly as follows: Kelly Children’s Trust, 24,315; Oona Andrea Kelly (daughter), 66,175; Isabella Van Cortland Kelly (daughter), 57,775; Marco Kelly (son), 17,556; Christopher R. Kelly Family Foundation, 10,000; and, Kelly Foundation of Washington, 10,000. Includes 61,670 shares that may be acquired by Mr. Kelly upon the exercise of options exercisable within 60 days of March 1, 2011.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
| 6  Includes 892,715 shares directly owned by Sun Life Pension Management and Paris Investments Limited for which Mr. Wellesley-Wesley is deemed to be the beneficial owner, 78,038 shares directly owned by Liberty SIPP Limited and Michael Wellesley-Wesley, 32,441 shares directly owned by him, 33,404 shares owned in his account in the Company’s 401(k) Plan, and 63,666 shares directly owned by his spouse. Also includes 400,418 shares that may be acquired upon the exercise of options exercisable and 6,195 shares that may be acquired upon the exercise of RSUs exercisable within 60 days of March 1, 2011.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
| 7  Includes 6,998 shares owned directly and 15,656 shares owned in his account in the Company’s 401(k) Plan.  Also includes 227,085 shares that may be acquired upon the exercise of options exercisable and 2,413 shares that may be acquired upon the exercise of RSUs exercisable within 60 days of March 1, 2011.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
| 8  Includes 8,664 shares owned directly, 168,751 shares that may be acquired upon the exercise of options exercisable and 2,413 shares that may be acquired upon the exercise of RSUs exercisable within 60 days of March 1, 2011. On March 13, 2011, Mr. Prince voluntarily resigned from the Company effective March 25, 2011.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
| 9  Includes 141,925 shares owned directly and 25,000 shares that may be acquired upon the exercise of options exercisable within 60 days of March 1, 2011.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
| 10  Includes 63,276 shares owned directly and 35,000 shares that may be acquired upon the exercise of options exercisable within 60 days of March 1, 2011.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |

----

| 11  Includes 23,606 shares owned directly and 60,895 shares that may be acquired upon the exercise of options exercisable within 60 days of March 1, 2011.                                                                                                                        |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                                                                                        |
| 12  Mr. Rayne owns 109,134 shares directly and stock options for 25,000 shares that may be acquired upon the exercise of options exercisable within 60 days of March 1, 2011. Mr. Rayne is also affiliated with LMS which beneficially owns 2,783,863 shares. See note (4) above. |
|                                                                                                                                                                                                                                                                                        |
| 13  Includes 16,606 shares owned directly.                                                                                                                                                                                                                                        |

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|   | By Order of the Board of Directors,             |
|--------|-------------------------------------------------|
|   |                                            |
|   | /s/ Michael Wellesley-Wesley                    |
|   | Michael Wellesley-Wesley                        |
|   | President, Chief Executive Officer and Director |
|   |                                            |
|   | Melville, New York                              |
|   | March 24, 2011                                  |

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