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  Exhibit 10.12    
    

 
    Axcelis Technologies, Inc.
  Named Executive Officer Base Compensation at March 4, 2016    
    

        This Exhibit discloses the current understandings with respect to base compensation between Axcelis Technologies, Inc. (the
"Company") and each of:

	•
	 the Company's principal executive officer (Mary G. Puma), 

	•
	 the Company's principal financial officer (Kevin J. Brewer), and 

	•
	 the three most highly compensated other executive officers serving as executive officers at December 31, 2015. 

        These
executive officers are referred to herein as "named executive officers" or "NEOs." 

        Mary
G. Puma and the Company have entered into a written agreement addressing a minimum level of base salary due to the executive. The Company's Amended and Restated Employment Agreement
with Ms. Puma ("Puma Employment Agreement") is listed as an Exhibit to this Form 10-K. Each of the other NEOs and the Company have entered into an Executive Separation Pay Agreement
dated as of March 5, 2015 in which a termination without cause will entitle the executive to year of separation pay. The form of Executive Separation Pay Agreement is listed as an Exhibit to
this Form 10-K. 

        The
Company maintains that all executive officers, other than Ms. Puma, are employees at will and that the Company has no obligation to continue their employment, other in cases
where such obligation arises under the Change of Control Agreements described in our Proxy Statement and filed as an Exhibit to this Form 10-K. 

Rate of Base Pay  

        In the course of the employment relationship with each NEO, the Company communicates to the named executive officer the amount of base
salary approved by the Compensation Committee of the Board of Directors, which compensation is subject to change in the discretion of the Compensation Committee of the Board of Directors (provided
Ms. Puma's employment agreement sets a minimum base pay amount). The following table sets forth the annual base salary as communicated to the named executive officers of the Company as in
effect on March 4, 2016: 

 

							
	Named Executive Officer

 
	 	Title 	 	Rate of Annual

Base Pay 	 
	 Mary G. Puma
	 	President and Chief Executive Officer	 	

$	550,000	 
	 Kevin J. Brewer
	 	Executive VP and Chief Financial Officer	 	

$	350,000	 
	 William Bintz
	 	Executive VP, Engineering and Marketing	 	

$	330,000	 
	 John E. Aldeborgh
	 	Executive VP, Global Customer Operations	 	

$	330,000	 
	 Lynnette C. Fallon
	 	Executive VP, HR/Legal and General Counsel	 	

$	320,000	 

 

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Exhibit 10.12

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  Exhibit 10.13    
    

 
    Axcelis Technologies, Inc.
  Non-Employee Director Cash Compensation at March 4, 2016    
    

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

 

					
	Annual Cash Retainers, paid quarterly in advance

 
	 	 
	 
	 Board Member Retainer
	 	

$	50,000	 
	 Independent Chairman Premium
	 	

$	20,000	 
	 Committee Chairman Retainers
	 	 	 	 
	 Audit Committee Chairman
	 	

$	15,000	 
	 Compensation Committee Chairman
	 	

$	10,000	 
	 Nominating and Governance Committee Chairman
	 	

$	7,500	 
	 Technology Committee Chairman
	 	

$	7,500	 
	 Committee Member (not Chairman) Retainers
	 	 	 	 
	 Audit Committee Member
	 	

$	10,000	 
	 Compensation Committee Member
	 	

$	7,500	 
	 Nominating and Governance Committee Member
	 	

$	5,000	 
	 Technology Committee Member
	 	

$	5,000	 

 

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

        The
Board of Directors may, from time to time, form committees in addition to the Audit, Compensation, Nominating and Governance and Technology Committees and set compensation for
service on such additional committees. 

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Exhibit 10.13

Axcelis Technologies, Inc. Non-Employee Director Cash Compensation at March 4, 2016EX-10.25

 Exhibit 10.25 

December 24, 2015 
 Scott Richardson 

Portland, OR 97229 
 RE: Retention Agreement 

Dear Scott, 
 This letter relates to your
employment with Pendrell Corporation, a Washington corporation (“Pendrell”). You have served as Pendrell’s full-time chief product officer under the terms and conditions of an employment letter dated July 11, 2012, as
supplemented by addenda dated January 1, 2015 and February 25, 2015 (collectively, the “Agreement”). In light of Pendrell’s decision to scale back product initiatives at ContentGuard, we have mutually determined that your
duties no longer warrant full-time employment, which coincides with your desire to pursue activities outside of Pendrell. Therefore, we wish to terminate the Agreement to eliminate your full time employment relationship and replace the employment
relationship with the consulting relationship described in this letter. We have agreed on the following. 
 As of December 31, 2015
(“Effective Date”), you are resigning your employment and will be relieved of your duties as Pendrell’s chief product officer. Instead, you will be a consultant to Pendrell, with freedom to pursue professional activities outside
Pendrell, subject to (i) devotion of sufficient time to perform your duties, as you deem necessary and appropriate; and (ii) the absence of activities that interfere with the effective performance of your duties to Pendrell. 

In your new role, you will provide strategic advice regarding remaining product initiatives, identify business opportunities for Pendrell, and
assess opportunities that are presented to you by Pendrell management. You will report to the CEO of Pendrell. You will perform these services in a first class, professional manner with skill, care and diligence, in compliance with all applicable
federal, state, and local laws, ordinances, and regulations. You will personally perform the services, and not retain third parties to perform the services unless you obtain Pendrell’s prior written consent, which shall be granted or withheld
in Pendrell’s sole discretion. For your consulting services, you will receive a monthly consulting fee of $15,000. 
 With the
exception of your salary through the Effective Date, which shall be paid to you on the first payroll date on or after the Effective Date, all payments under your terminated Agreement will cease as of the Effective Date, and you are hereby
relinquishing any and all entitlement to or eligibility for bonus compensation and severance benefits, including any amounts payable under the Agreement. Moreover, you will no longer be eligible for any base salary, bonus, paid time off accruals,
severance benefits, 401(k) matching contributions, insurance benefits or any other employee benefits. As consideration for your agreement to relinquish all such past and future benefits, your consulting relationship with Pendrell shall continue
through at least the first anniversary of the Effective Date, unless you terminate the relationship or Pendrell terminates the relationship for Cause (defined below). 

You may terminate the consulting relationship at any time upon no less than 30 days advance written notice to Pendrell. Pendrell may terminate
the consulting relationship at any time on or after the first anniversary of the Effective Date upon no less than 30 days advance written notice. Pendrell may also terminate the relationship earlier for Cause, but only if Pendrell first provides you
with the opportunity to cure the Cause within a 30-day notice period. If Pendrell terminates the consulting relationship without Cause prior to the first anniversary of the Effective Date, then Pendrell shall pay to you in lump sum upon termination
an amount equal to the amount that would otherwise have been payable if the consulting relationship had continued through the Effective Date. You shall retain and continue to vest in any existing equity awards through the anniversary of the
Effective Date or 

  

 
the duration of your consulting relationship (if it extends beyond the anniversary of the Effective Date), and for any post-termination period set forth in Pendrell’s Stock Incentive Plan
and your individual plan agreements; provided, however, that if Pendrell terminates the consulting relationship for Cause, no further payments are due, and vesting will cease on your existing equity awards on the termination date. 

For purposes of this letter, “Cause” means continued willful material misconduct or intentional failure to discharge duties,
conviction or confession of a crime punishable by law (except minor violations), personally engaging in activities directly in competition with Pendrell’s existing business, or the performance of an illegal act while purporting to act on
Pendrell’s behalf, such as dishonesty, fraud, unauthorized use or disclosure of confidential information or trade secrets. 
 As a
consultant, you are an independent contractor. Neither you nor any of your employees or agents is entitled to participate in any of Pendrell’s benefit plans. As an independent contractor, you may perform your work in the manner and at the times
selected by you. You shall remain solely liable for the payment of any salaries, income tax withholding, social security tax withholding, workers’ compensation insurance or disability insurance premiums, benefits, or other obligations to your
employees. You shall not be Pendrell’s agent, nor shall you have any right, authority or power to enter into any commitments on behalf of Pendrell unless specifically authorized by Pendrell in writing. 

You will submit your monthly invoices by e-mail to Pendrell for services performed during the previous month, addressed to ap@pendrell.com.
Pendrell will pay invoices that are properly submitted within thirty (30) calendar days after receipt. 
 So long as you continue as a
consultant for Pendrell, you shall retain any indemnification rights under your terminated Agreement, as well as all indemnification rights applicable to consultants and advisors under Pendrell’s certificate of incorporation and bylaws. You
shall also remain obligated to keep Pendrell’s proprietary information confidential according to the terms of your existing Non-Disclosure Agreement. All such rights and obligations shall continue in full force and effect. Except for those
rights and obligations, this letter constitutes the final, exclusive and complete understanding and agreement of the parties relating to the consulting services that you will be providing to Pendrell. 

We look forward to our continuing relationship with you. 
  

					
	Signature of Acceptance	  		  	Sincerely,
			
		  		  	Pendrell Corporation
			
	 /s/ Scott Richardson
	  		  	 /s/ Timothy M. Dozois

	By: Scott Richardson	  		  	By: Tim Dozois
		  		  	Title: Corporate Counsel

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