Salix Pharmaceuticals 2006 Board of Directors Compensation Structure
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EX-10.49 2 dex1049.htm NON-EMPLOYEE DIRECTOR COMPENSATION SUMMARY Non-employee director compensation summary
EXHIBIT 10.49
Salix Pharmaceuticals
2006 Board of Directors Compensation Structure
| John Chappell | Thomas D’Alonzo | Richard Franco | William Keane | William Harral, III | |||||||||||
| Annual Fees: | |||||||||||||||
| Annual Retainer | $ | 75,000 | $ | 20,000 | $ | 20,000 | $ | 20,000 | $ | 20,000 | |||||
| Audit Committee Chair | — | — | — | 6,000 | — | ||||||||||
| Audit Committee Member | — | 6,000 | 6,000 | 6,000 | 6,000 | ||||||||||
| Compensation Committee Chair | — | 6,000 | — | — | — | ||||||||||
| Nominating/Governance Committee Chair | — | — | 6,000 | — | — | ||||||||||
| Total Annual Fees | $ | 75,000 | $ | 32,000 | $ | 32,000 | $ | 32,000 | $ | 26,000 | |||||
| Amount due Quarterly | $ | 18,750 | $ | 8,000 | $ | 8,000 | 8,000 | $ | 6,500 | ||||||
Daily Board of Director’s Meeting Fees:
Face-to-face meeting—$2,000 per day
Telephonic meeting—$1,000 per call
Audit committee meeting—$500 per meeting
