2013 Director Compensation Summary for Alexandria Real Estate Equities, Inc.
Alexandria Real Estate Equities, Inc. outlines its 2013 compensation for independent non-employee directors, including an annual retainer of $110,000, additional fees for committee chairs and members, reimbursement of meeting expenses, and a restricted stock grant of 1,587 shares vesting through March 2016. Directors can defer their fees under the company's deferred compensation plan. Directors who are also company employees do not receive separate compensation for board service.
EXHIBIT 10.13
SUMMARY OF DIRECTOR COMPENSATION ARRANGEMENTS
Independent non-employee directors of Alexandria Real Estate Equities, Inc. (the “Company”) will receive the following compensation in 2013:
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 | $30,000 |
|
| Compensation Committee Chairperson | $20,000 |
|
| Nominating & Governance Committee Chairperson | $15,000 |
|
The committee members, other than the chairpersons, will receive additional annual fees as follows:
| Audit Committee Member | $12,000 |
|
| Compensation Committee Member | $ 8,000 |
|
| Nominating & Governance 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 1,587 shares of common stock on December 31, 2012, under the Company’s Amended and Restated 1997 Stock Award and Incentive Plan. Such shares vest over a period from December 31, 2012, to March 31, 2016.
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.
