Independent Director Appointment and Compensation Letter Agreement between Catalyst Biosciences, Inc. and Harold E. Selick, Ph.D.
Catalyst Biosciences, Inc. confirms Harold E. Selick, Ph.D.'s appointment as an Independent Director on its Board of Directors, effective February 5, 2012. Dr. Selick will receive annual compensation of $15,000, paid quarterly, and is responsible for his own taxes. The company will also reimburse him for reasonable travel and out-of-pocket expenses related to board activities. This letter outlines the terms of his role and compensation as an independent board member.
Exhibit 10.34
 | Nassim Usman, Ph.D. Chief Executive Officer
T. +1 ###-###-#### E. ***@***
27 April, 2012 |
Harold E. Selick, Ph.D.
Dear Barry:
I am pleased to confirm your role as an Independent Director of Catalyst Biosciences, Inc. (“the Company”) Board of Directors effective 5 February, 2012.
While you are an Independent Director, the Company will compensate you at the rate of $15,000 annually to be paid quarterly in the amount of $3,750. You will be responsible for any taxes with respect to these payments. The Company will continue to reimburse you for all reasonable travel and out of pocket expenses incurred by you in performing Board activities.
If you have any questions please do not hesitate to contact me.
| Sincerely, |
 |
| Nassim Usman, Ph.D. |
| Chief Executive Officer |
| cc: Stephen Thau |
CATALYST BIOSCIENCES, INC. 260 Littlefield Avenue • South San Francisco, CA 94080 • p ###-###-#### • f ###-###-#### • www.catbio.com
