AnnualAnnualChairMemberCommitteeFeeFeeAudit Committee$15,000 $7,500 Compensation Committee$10,000 $5,000 Nominating and Corporate Governance Committee$7,000 $3,500 Development Committee$7,500 $5,000
EX-10.27 2 adms10k2016ex1027.htm EXHIBIT 10.27 Exhibit
Exhibit 10.27
Compensatory Arrangements with Non-Employee Directors
Cash Compensation:
Annual cash retainer - $35,000
Lead independent director additional annual cash payment - $15,000
Annual committee fees:
Annual | Annual | |||||||
Chair | Member | |||||||
Committee | Fee | Fee | ||||||
Audit Committee | $ | 15,000 | $ | 7,500 | ||||
Compensation Committee | $ | 10,000 | $ | 5,000 | ||||
Nominating and Corporate Governance Committee | $ | 7,000 | $ | 3,500 | ||||
Development Committee | $ | 7,500 | $ | 5,000 | ||||
Equity Compensation:
Initial equity award upon commencement of service as a board member: non-qualified stock option to purchase 30,000 shares of Adamas common stock that vests annually over three years of service.
Annual equity award: non-qualified stock option to purchase 15,000 shares that vests after one year of service.
Additionally, upon the closing of a change of control, the vesting of all outstanding equity awards held by our non-employee directors will accelerate in full.
