Document:

Exhibit

Exhibit 10.1

Non-Management Director Compensation Summary

Our non-management directors (“Outside Directors”) will be compensated as follows through a combination of cash payments and equity grants:

		
	1. 
	Cash Retainer.

Each director will receive $18,750 after each regularly scheduled quarterly Board meeting, and the Chair of the Audit and Finance Committee will receive an additional $3,750 at such time.  The quarterly cash retainer paid to a director leaving the Board will be pro-rated based on the number of days such director served on the Board between regularly scheduled meetings.

		
	2. 
	Equity Grants for All Outside Directors.

Initial Grant

In connection with his or her initial election to the Board, each director will be granted Staples restricted stock units with an aggregate value of $150,0001 on the grant date.  Such shares will be granted on the second business day following a director’s initial election to the Board and will vest in full on the third anniversary of the grant date.  

Annual Grant

Each director will receive an annual grant of Staples restricted stock units with an aggregate value of $175,0001 on the second business day following election to the Board at the annual meeting of stockholders (the “Annual Equity Award Date”) (such grant will vest in full one year after the Annual Equity Award Date); provided, that if a director is elected to the Board after Annual Equity Award Date, such equity grant will be granted on the second business day following the first regularly scheduled Board meeting that occurs after his or her election and such grant will be pro-rated based on the number of regularly scheduled meetings occurring on or after his or her election.  In the event of a pro-rata award, the shares will vest on the first anniversary of the Annual Equity Award Date.

		
	3.
	Equity Grants for the Independent Chair/Lead Director/Committee Chairpersons.

The Independent Chair (or if there is none, the Lead Director) will be granted Staples restricted stock units with an aggregate value of $40,0001 on the Annual Equity Award Date, which grant vests pro-rata on the date of each of the four regularly scheduled quarterly Board meetings that are held during the Staples’ fiscal year that includes the date of the award and at which the director is the Lead Director.  Each of the Chairpersons of the Audit and Finance, Compensation, and Nominating and Corporate Governance Committees will be granted Staples restricted stock units with an aggregate value of $32,0002 on the Annual Equity Award Date, which grant vests pro-rata on the date of each of the four regularly scheduled quarterly Board meetings that are held during the Staples’ fiscal year that includes the date of the award and at which each director is a chair of one of these three committees.  In the event a director becomes the Independent Chair, Lead Director and/or chair of any of the above mentioned committees after the first regularly scheduled Board meeting of the fiscal year, such director will receive their award two business days after the next regularly scheduled Board meeting.  The restricted stock units will be paid in full on the first anniversary of the Annual Equity Award Date.    

		
	4.
	Unvested Awards.  

Unvested options and shares of restricted stock/restricted stock units are subject to accelerated vesting (and, in the case of restricted stock units, accelerated payment) upon a director’s death, disability, retirement from the Board after reaching the Board’s mandatory retirement age of 72, or the occurrence of a change in control of Staples.  In such instances, the unvested award(s) will vest in full.  All unvested awards are otherwise forfeited upon termination of the director’s service on the Board.

5.  Ownership Guidelines.  

The Board considers ownership of Staples stock by Board members to be important to align the interests of directors with those of stockholders.  Accordingly, it is a policy of the Board that, prior to five (5) years after joining the Board, all directors shall attain minimum stock ownership equal in value to at least five (5) times the annual Board cash retainer as set from time to time by the Board.  Management directors shall also maintain equity ownership consistent with guidelines adopted for Staples’ executives.

All shares owned outright, unvested restricted stock and vested stock options, whether obtained through employment, Board membership, or otherwise, shall be taken into consideration in determining compliance with the above stock ownership guidelines.   The value of stock options for this purpose shall be the excess of the market price of the underlying stock over the exercise price. 

	
			
	Summary Table for Director Compensation

	Event
	Payment/Award
	Vesting/Holding Requirement

	One-Time Initial Election Award
	$150,0001  The number of restricted stock units will be equal to the number arrived at by dividing the dollar value of the award by the closing stock price on the grant date. of restricted stock units
	Cliff vest and paid 3 years after grant.

	Quarterly Cash Retainer
	$18,750
($3,750 additional for Audit and Finance Committee Chair)
	N/A

	Annual Equity Retainer
	$175,0001 of restricted stock
	Vest and paid 1 year after grant.

	Lead Director / Independent Chair
	$40,0001 of restricted stock units annually
	Vest and paid 1 year after grant.

	Committee Chairperson
	$32,0001 of restricted stock units annually
	Vest and paid 1 year after grant.

	Retirement after age 72
	All unvested options and restricted stock/units vest in full.
	N/A

1  The number of restricted stock units will be equal to the number arrived at by dividing the dollar value of the award by the closing stock price on the grant date.Exhibit

Exhibit 10.4

FISCAL YEAR 2018 EXECUTIVE OFFICER BASE SALARIES 
The Company’s executive officers are scheduled to receive the following annual base salaries for the fiscal year ending June 30, 2018 in their current positions: 
	
							
	Name/Title
	  
	FY2018 Salary
	 

	Scott R. Ward
Chairman, President and Chief Executive Officer
	  
	 
	$
	650,000
	

	  

	Laurence L. Betterley
Chief Financial Officer
	  
	 
	$
	379,212
	

	  

	Kevin Kenny
Chief Operating Officer
	 
	 
	$
	430,000
	

	 

	Laura Gillund
Chief Talent Officer
	 
	 
	$
	312,530
	

	  

	Alexander Rosenstein
General Counsel and Corporate Secretary
	  
	 
	$
	283,592
	

	 

	Sandra Sedo
Chief Compliance Officer
	 
	 
	$
	272,700Exhibit

Exhibit 10.5
FISCAL 2018 EXECUTIVE OFFICER BONUS PLAN AND EQUITY COMPENSATION

Bonus Plan

For the twelve month period ending June 30, 2018, each executive officer of Cardiovascular Systems, Inc. (the “Company”) is eligible to receive cash incentive compensation pursuant to the Fiscal 2018 Executive Officer Bonus Plan (the “Bonus Plan”) as follows: 

Revenue and Adjusted EBITDA Goals 

Receipt of cash incentive compensation for fiscal 2018 is based on the Company’s achievement of revenue and adjusted EBITDA financial goals for fiscal 2018. Adjusted EBITDA is defined as EBITDA with stock compensation added back into the calculation. Target bonus amounts are weighted 50% for the revenue goal and 50% for the adjusted EBITDA goal. Target bonus levels as a percentage of base salary are 115% for the Chief Executive Officer, 90% for the Chief Operating Officer, 75% for the Chief Financial Officer, 65% for the Chief Talent Officer, and 50% for the other executive officers. Depending upon the Company’s performance against the goals, participants are eligible to earn up to 200% of each of the adjusted EBITDA and revenue portions of their target bonus amount. The Bonus Plan criteria are the same for all of the executive officers. Participation in the Bonus Plan for each executive officer is in the form of a grant of Performance Units.

Equity Compensation

Additionally, each executive officer of the Company received the following grants of restricted stock on August 7, 2017:
	
							
	Name/Title
	  
	Time-Based
	 
	Shareholder Return

	Scott R. Ward
Chairman, President and Chief Executive Officer
	  
	31,432
	

	 
	94,295
	

	Laurence L. Betterley
Chief Financial Officer
	  
	11,003
	

	 
	33,007
	

	Kevin Kenny
Chief Operating Officer
	 
	12,476
	

	 
	37,428
	

	Laura Gillund
Chief Talent Officer
	  
	5,038
	

	 
	15,113
	

	Alexander Rosenstein
General Counsel and Corporate Secretary
	  
	4,572
	

	 
	13,714
	

	Sandra Sedo
Chief Compliance Officer
	 
	4,396
	

	 
	13,187
	

The amount of restricted stock granted to each executive officer is based upon the target equity grant for each executive officer divided by the closing price per share of the Company’s common stock on the date of grant; however, the restricted stock grants that vest based on total shareholder return provide the executive officer the opportunity to earn up to 200% of the target number of shares if performance goals are satisfied, and the grants set forth above represent such maximum amount and any shares not earned will be forfeited upon confirmation of performance achievement. Target equity grants as a percentage of base salary are 375% for the Chairman, President and Chief Executive Officer, 225% for the Chief Financial Officer and Chief Operating Officer, and 125% for the other executive officers. The restricted stock grants under the column above titled (i) “Time-Based” will vest in equal installments of 1/3 on each of August 13, 2018, 2019 and 2020; and (ii) “Shareholder Return” will vest based on the Company’s total shareholder return relative to total shareholder return of the Company's peer group, as measured by the closing prices of the stock of the Company and the peer group members for the 90 trading days preceding July 1, 2017 compared to the closing prices of the stock of the Company and the peer group members for the 90 trading days preceding July 1, 2020. Vesting of the performance-vesting shares will be determined on the date that the Company's Annual Report on Form 10-K for the fiscal year ending June 30, 2020 is filed.

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