Summary of 2012 Director Compensation Arrangements for Alexandria Real Estate Equities, Inc.

Contract Categories: Human Resources › Compensation Agreements
Summary

Alexandria Real Estate Equities, Inc. outlines the 2012 compensation for its independent non-employee directors. Directors receive an annual retainer, additional fees for committee roles, reimbursement for meeting expenses, and a grant of restricted stock that vests over four years. 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.

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EX-10.12 2 a11-32209_1ex10d12.htm EX-10.12

EXHIBIT 10.12

 

SUMMARY OF DIRECTOR COMPENSATION ARRANGEMENTS

 

Independent non-employee directors of Alexandria Real Estate Equities, Inc. (the “Company”) will receive the following compensation in 2012:

 

·                  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 1,595 shares of common stock on December 30, 2011, under the Company’s Amended and Restated 1997 Stock Award and Incentive Plan. Such shares vest as follows: 399 shares vest on March 31, 2012; 399 shares vest on March 31, 2013; 399 shares vest on March 31, 2014; and 398 shares vest on March 31, 2015.

 

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.