2006 Non-Employee Director Compensation

Contract Categories: Human Resources - Compensation Agreements
EX-10.21 3 g00234exv10w21.htm 2006 NON-EMPLOYEE DIRECTOR COMPENSATION 2006 Non-Employee Director Compensation
 

Exhibit 10.21
Kos Pharmaceuticals, Inc.
2006 Non-Employee Director Compensation
                 
    Per Meeting     Annual  
Board Meetings:
                
 
                
Annual Retainer
           $ 30,000  
 
                
Meetings*
   $ 2,500          
 
                
Committees:
                
 
                
Chairperson Retainer
           $ 7,500 **
 
                
Meetings*
   $ 2,500          
 
                
Stock Option Awards:
                
 
                
Upon First Election
           20,000 shares
 
                
Each Annual Meeting
           20,000 shares
 
                
Restricted Stock Awards:
                
 
                
Each Annual Meeting
           5,000 shares
 
*   Telephone attendance fees are $500 per meeting.
 
**   Audit committee chairperson receives $10,000 annual retainer.