SUMMARY OF DIRECTOR COMPENSATION ARRANGEMENTS
EX-10.18 2 a4q16-ex1018.htm EXHIBIT 10.18 Exhibit
EXHIBIT 10.18
SUMMARY OF DIRECTOR COMPENSATION ARRANGEMENTS
Independent non-employee directors of Alexandria Real Estate Equities, Inc. (the “Company”) will receive the following compensation in 2017:
An annual retainer fee of $110,000.
The committee chairpersons will receive additional annual fees as follows:
Lead Independent Director | $ | 50,000 | |
Audit Committee Chairperson | $ | 35,000 | |
Compensation Committee Chairperson | $ | 35,000 | |
Nominating & Governance Committee Chairperson | $ | 35,000 | |
Science and Technology Committee Chairperson | $ | 20,000 | |
The committee members, other than the chairpersons, will receive additional annual fees as follows:
Audit Committee Member | $ | 20,000 | |
Compensation Committee Member | $ | 20,000 | |
Nominating & Governance Committee Member | $ | 20,000 | |
Science and Technology Committee Member | $ | 6,000 | |
Pricing Committee Member | $ | 6,000 | |
Reimbursement of out-of-pocket expenses incurred to attend related meetings.
A restricted stock grant of 1,005 shares of common stock on January 13, 2017, under the Company’s Amended and Restated 1997 Stock Award and Incentive Plan. Such shares vest over a period from March 31, 2017 to March 31, 2020.
The Company’s independent non-employee directors may elect to defer all or any portion of the fees above in accordance with the Company’s deferred compensation plan for its directors.
Directors who are also employees of the Company will not receive any compensation for their services as directors of the Company.
