Annual Retainer Summary for Board of Directors
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 |
