Akamai Technologies, Inc. Policy on Director Compensation Payable Upon Departure from the Board

Summary

This policy outlines the compensation Akamai Technologies, Inc. provides to non-employee directors when they leave the Board. Directors who have served at least one year receive a pro-rated cash retainer and immediate vesting of all unvested deferred and restricted stock units. Directors with two or three years of service receive additional accelerated vesting of initial stock grants or options. The policy ensures departing directors are compensated for their service and any unvested equity awards become fully exercisable upon departure, depending on their length of service.

EX-10.27 3 exhibit1027departingdirect.htm EXHIBIT 10.27 Exhibit

Exhibit 10.27

AKAMAI TECHNOLOGIES, INC.

Policy on Director Compensation Payable Upon Departure from the Board

Upon a non-employee director’s departure from the Board, such director, if he or she has completed one year of Board service, will receive:


•	A cash payment equal to the pro-rated annual cash retainer payable to such director under Akamai’s non-employee director compensation plan and


•	Acceleration of 100% of the unvested DSUs and RSUs held by such director at the time of departure. Such shares will become exercisable in full.

In addition, if a director has completed three years of Board service at the time of departure, 100% of the unvested stock options initially granted to such director upon joining the Board will accelerate at the time of departure and become exercisable in full.

In addition, if a director has completed two years of Board service at the time of departure, 100% of the unvested RSUs initially granted to such director upon joining the Board will accelerate at the time of departure and become exercisable in full.