Recro Pharma, Inc. Non-Employee Director Compensation Summary

OPTIONS

Initial Grant

options vest in equal annual installments over three years from the grant date

Annual Grants

vesting on the one year anniversary of the grant date

Summary

Recro Pharma, Inc. outlines the compensation for its non-employee directors. Board members receive annual cash payments, with the chairperson earning $40,000 and other members $20,000, both paid quarterly. Additional compensation is provided for serving on committees, with chairpersons and members receiving varying annual amounts depending on the committee. Non-employee directors are also granted stock options: 20,000 options vesting over three years upon joining, and 10,000 options vesting after one year for annual service.

EX-10.17 21 d605505dex1017.htm EX-10.17 EX-10.17

Exhibit 10.17

Recro Pharma, Inc.

Summary of Compensation Arrangement for the Board of Directors

for Non-Employee Directors


CASH COMPENSATION
Board	Title	Amount		Term
	Chairperson	$	40,000	per year, paid quarterly
	Member	$	20,000	per year, paid quarterly

Committee	Title	Amount		Term
Audit	Chairperson	$	15,000	per year, paid quarterly
	Member	$	7,500	per year, paid quarterly
Compensation	Chairperson	$	15,000	per year, paid quarterly
	Member	$	7,500	per year, paid quarterly
Nominating and Corporate Governance	Chairperson	$	7,500	per year, paid quarterly
	Member	$	3,500	per year, paid quarterly