Non-Employee Director Compensation Plan

Contract Categories: Human Resources - Compensation Agreements
EX-10.12 3 akca-ex1012_135.htm EX-10.12 akca-ex1012_135.htm


Exhibit 10.12


Akcea Therapeutics, Inc.

55 Cambridge Parkway, Suite 100

Cambridge, MA 02142







March 9, 2018



Akcea Board of Directors



Paula Soteropoulos, President & CEO



Board of Director Compensation















Akcea values the contributions made by its Board of directors.  In recognition of these valuable contributions, Akcea will provide each non-employee Director1 with the compensation described in this memo.

Cash Compensation

Each non-employee Director will receive cash compensation based on his/her role on the Board and Board committees:



Cash Compensation

Board Member (Base retainer)


Chairman of the Board (Additional)


Committee Chairs (Additional)






-Nominating & Gov.




Committee Member (Additional)






-Nominating & Gov.



Equity Compensation

Each non-employee Director will receive an initial stock option award upon joining the Board, and will receive an annual stock option award for each year of continued service, as follows:


Stock Option Award

No. of Shares

Initial Stock Option Equity Grant


Annual Stock Option Equity Grant



The exercise price of each option will be the fair market value of Akcea’s common stock on the date of grant.

The options will vest over a four-year period in equal annual installments and be subject to the terms of Akcea’s 2015 Equity Incentive Plan.  The vesting of the options will accelerate in the case of a change of control of Akcea, as further described your option agreement and the 2015 Equity Incentive Plan.

Akcea reserves the right to amend this compensation policy at any time



Employees of Ionis who serve on the Akcea Board are not eligible for compensation as Akcea Board members.