Cornerstone Therapeutics Inc. Special Committee Compensation Description
Cornerstone Therapeutics Inc. outlines the compensation for members of its Special Committee of the Board of Directors. Each member, except the Chairman, receives a $25,000 initial fee and a $5,000 monthly retainer starting March 1, 2013, for the duration of their service. The Chairman receives a $35,000 initial fee and a $7,500 monthly retainer. These payments replace any fees the members would otherwise receive under the company's standard Non-Employee Director Compensation and Reimbursement Policy for Special Committee service.
Exhibit 10.2
CORNERSTONE THERAPEUTICS INC.
DESCRIPTION OF SPECIAL COMMITTEE COMPENSATION
Each member (other than the Chairman) of the Special Committee (the “Special Committee”) of the Board of Directors of Cornerstone Therapeutics Inc. (the “Company”) is entitled to receive an initial fee of $25,000 and a monthly retainer of $5,000, commencing on March 1, 2013, during the duration of his or her service on the Special Committee. The Chairman of the Special Committee is entitled to receive an initial fee of $35,000 and a monthly retainer of $7,500, commencing on March 1, 2013, during the duration of his or her service on the Special Committee.
These fees are in lieu of fees that members of the Special Committee would have been entitled to receive under the Company’s Non-Employee Director Compensation and Reimbursement Policy for service on the Special Committee.
