Illumina, Inc. Board Appointment Letter Agreement with Paul Grint, MD (April 2005)

Summary

Illumina, Inc. offers Paul Grint, MD a position on its Board of Directors, effective April 12, 2005, with a term expiring in 2007 and subject to re-election for a three-year term. Compensation includes a quarterly retainer, fees for attending board and committee meetings, and stock options that vest over four years. The agreement outlines the compensation structure and conditions for stock option awards. Paul Grint must accept the terms by signing the letter.

EX-10.32 4 a11207exv10w32.txt EXHIBIT 10.32 Exhibit 10.32 April 8, 2005 Paul Grint, MD Re: Illumina, Inc. Board Position Dear Paul, I am pleased to offer you an appointment to the Board of Directors of Illumina, Inc. You will be appointed to serve in the class of Directors whose term expires in 2007. At that time you will be subject to re-election on a three year term. The effective date of your appointment will be Tuesday, April 12, 2005. Your compensation as a Board Member will be as specified in Illumina's standard policies for Director Compensation. Specifically, this consists of: - $2,500 as a quarterly retainer. - $2,000 additional compensation for attendance at each board meeting. - $1,000 additional compensation for attendance at each committee meeting. In addition, you will be awarded Illumina stock options according to the following schedule: - 20,000 shares of Illumina stock will be awarded to you upon your election to the Board. - Thereafter you will receive an additional 10,000 shares at each annual board meeting, provided that you have served on the Board for at least six calendar months prior to the date of the next annual stockholder meeting. - These shares will vest over a four (4) year period on an annual vesting basis. We look forward to working with you as a member of the Board in building a preeminent life sciences company. Sincerely, Jay Flatley President & CEO Illumina, Inc. Agreed and accepted. _____________________________ ________________________________ Name Date