2011 Director Compensation Summary for Alexandria Real Estate Equities, Inc.
Alexandria Real Estate Equities, Inc. outlines the 2011 compensation for its independent non-employee directors. Directors receive an annual retainer of $100,000, with additional fees for committee chairs and members. They are also reimbursed for meeting expenses and granted 1,365 shares of restricted stock, vesting over four years. Directors can defer their fees under the company's deferred compensation plan. Directors who are also company employees do not receive this compensation.
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 2011:
· An annual retainer fee of $100,000;
· The committee chairpersons will receive additional annual fees as follows:
| Lead Independent Director | $35,000 |
| 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 | $12,000 |
| Compensation Committee | $8,000 |
| Nominating & Governance Committee | $6,000 |
| Pricing Committee | $6,000 |
· Reimbursement of out-of-pocket expenses incurred to attend such meetings;
· A restricted stock grant of 1,365 shares of common stock on December 31, 2010 under the Company’s Amended and Restated 1997 Stock Award and Incentive Plan. Such shares vest as follows: 342 shares vest on March 31, 2011, 341 shares vest on March 31, 2012, 341 shares vest on March 31, 2013 and 341 shares vest on March 31, 2014.
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.
