Salix Pharmaceuticals 2005 Board of Directors Compensation Structure
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EX-10.49 2 dex1049.htm BOARD OF DIRECTOR'S COMPENSATION STRUCTURE Board of Director's Compensation Structure
Exhibit 10.49
Salix Pharmaceuticals
2005 Board of Director’s Compensation Structure
| John Chappell | Thomas D’Alonzo | Richard Franco | William Keane | |||||||||
| Annual Fees: | ||||||||||||
| Annual Retainer | $ | 75,000 | $ | 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 Committee Chair | — | — | 6,000 | — | ||||||||
| Total Annual Fees | $ | 81,000 | $ | 32,000 | $ | 32,000 | $ | 32,000 | ||||
| Amount due Quarterly | $ | 20,250 | $ | 8,000 | $ | 8,000 | 8,000 | |||||
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
