IOMAI Corporation Non-Employee Director Compensation Policy (Effective Upon IPO)

Contract Categories: Human Resources › Compensation Agreements
Summary

This document outlines the compensation policy for non-employee directors of IOMAI Corporation, effective upon the company's initial public offering. Non-employee directors receive annual cash retainers for board and committee service, with additional amounts for serving as committee chairs or members. Directors are also granted stock options, including an initial grant of 10,000 options and an annual grant of 10,000 options. The policy specifies the compensation structure but does not include other terms or conditions.

Read More Arrow
EX-10.6 10 w13079aaexv10w6.htm EX-10.6 exv10w6  

Exhibit 10.6
Adopted November 17, 2005
To be effective upon consummation of
the Company’s initial public offering
IOMAI CORPORATION
NON-EMPLOYEE DIRECTOR COMPENSATION
Annual Retainers
         
               Role   Cash Compensation
    
Board Member
   $ 20,000  
    
Audit Committee Chair
   $ 5,000  
    
Audit Committee Member
   $ 1,000  
    
Compensation Committee Chair
   $ 2,500  
    
Compensation Committee Member
   $ 1,000  
    
Corporate Governance Committee Chair
   $ 2,500  
    
Corporate Governance Committee Member
   $ 1,000  
Option Grants
         
Initial Grant
     10,000  
    
Annual Grant
     10,000