Non-Employee Director Compensation Program
Exhibit 10.16
MannKind Corporation
Board of Directors Compensation Program for Non-employee Directors
Adopted November 17, 2017
| Type of Compensation |
| Amount |
| Annual Cash Retainer |
| $50,000 (cash) |
| Equity Vehicle |
| 100% restricted stock unit (Restricted stock units vest immediately, but shares will not be distributed until the director leaves the board.) |
| Annual Equity Grant |
| Intended equity value: $150,000 (The number of shares will be determined using the then-current guideline price for employee equity awards.) |
| Initial Equity Grant |
| None. |
| Independent Chairman Annual Premium |
| $32,500 (cash) |
| Committee Member Annual Compensation |
| Audit: $10,000 Compensation: $7,500 Nominating and Corporate Governance: $5,000 (cash) |
| Committee Chair Annual Premiums |
| Audit: $15,000 Compensation: $12,500 Nominating and Corporate Governance: $5,000 (cash) |
