Corgentech Inc. Non-Employee Director Cash Compensation Arrangement (Effective February 18, 2004)
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Summary
Corgentech Inc. has established a compensation arrangement for its non-employee directors who are not affiliated with its principal stockholders. Under this arrangement, each eligible director receives an annual retainer fee of $10,000, paid in four equal quarterly installments. This agreement outlines the payment structure and eligibility criteria for non-employee directors' cash compensation.
EX-10.38 5 a2153753zex-10_38.htm EXHIBIT 10.38
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Exhibit 10.38
NON-EMPLOYEE DIRECTOR
CASH COMPENSATION ARRANGEMENT
(EFFECTIVE: FEBRUARY 18, 2004)
Each director of Corgentech Inc. (the "Company") who is not an employee of the Company and who is not affiliated with our principal stockholders receive an annual retainer fee of $10,000 paid in four equal quarterly installments.
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