Non-Employee Director Compensation Summary for Biogen Inc. Effective July 1, 2018

Contract Categories: Human Resources › Compensation Agreements
Summary

This document outlines the compensation structure for non-employee directors of Biogen Inc. as of July 1, 2018. It details annual retainers for board and committee roles, including additional amounts for chairing specific committees, as well as meeting fees for attending board and committee meetings in person or by phone. The agreement also specifies fees for special service days and participation in the annual Science and Technology Committee Portfolio Review. The compensation is designed to remunerate non-employee directors for their service and participation in company governance.

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EX-10.31 2 biib-20181231xex1031.htm EXHIBIT 10.31 Exhibit


Exhibit 10.31
Non-Employee Director Compensation
The following is a summary of the retainers and meeting fees payable to non-employee directors effective July 1, 2018:
Retainers
 
Annual Board Retainer
$65,000
Annual Retainers (in addition to Annual Board Retainer):
 
Independent Chairman of the Board
$75,000
Audit Committee Chair
$25,000
Compensation and Management Development Committee Chair
$20,000
Corporate Governance Committee Chair
$15,000
Finance Committee Chair
$15,000
Risk Committee Chair
$15,000
Science and Technology Committee Chair
$15,000
Audit Committee Member (other than Chair)
$5,000
Meeting Fees
 
Board of Directors Meetings (per meeting day):
 
In-person attendance
$2,500
Telephonic attendance
$1,500
Committee Meetings (per meeting attended by each such committee member in person or telephonically)
$1,500
Attendance at Annual Science and Technology Committee Portfolio Review (per day)
$1,500
Special service fee (for each full day of service other than in connection with Board or Committee meetings)
$1,000