ViroLogic, Inc. Non-Employee Director Cash Compensation Arrangements
ViroLogic, Inc. has established a compensation plan for its non-employee directors, effective from the 2005 fiscal year. Under this arrangement, non-employee directors receive an annual retainer of $15,000, paid in four quarterly installments. In addition to the retainer, directors are paid $1,500 for each Board meeting attended and $500 for each committee meeting attended. These payments are intended to compensate non-employee directors for their service and participation in company governance.
Exhibit 10.39
VIROLOGIC, INC.
NON-EMPLOYEE DIRECTOR CASH COMPENSATION ARRANGEMENTS
On March 16, 2005, the Board of Directors of ViroLogic, Inc. (the “Company”) approved a change to the compensation the Company pays to its non-employee directors. Beginning in the 2005 fiscal year, non-employee directors will be paid an annual retainer of $15,000, to be paid in four equal quarterly installments. This annual retainer will be in addition to the meeting attendance fees currently paid to non-employee directors, of $1,500 for each Board of Directors meeting attended and, for committee members, $500 for each committee meeting attended.
