Monogram Biosciences 2007 Non-Employee Director Compensation Summary
Monogram Biosciences, Inc. outlines its 2007 compensation plan for non-employee directors. Each director will receive a $20,000 annual retainer, paid quarterly, plus fees for attending board and committee meetings. Additional annual retainers are provided to the chairs of the Audit Committee ($10,000) and Compensation Committee ($5,000).
EXHIBIT 10.51
SUMMARY OF 2007 NON-EMPLOYEE DIRECTOR COMPENSATION
In 2007, each of the non-employee directors of Monogram Biosciences, Inc. shall receive an annual retainer of $20,000, paid in equal quarterly installments, a fee of $2,000 for each Board of Directors meeting attended in person, a fee of $500 for each Board of Directors meeting attended by phone and a fee of $500 for each committee meeting attended by committee members. In addition, the chair of the Audit Committee will receive an annual retainer of $10,000 and the chair of the Compensation Committee will receive an annual retainer of $5,000.
