Sciele Pharma, Inc. 2006 Director Compensation Summary Table
This document outlines the compensation structure for directors of Sciele Pharma, Inc. for the years 2006 and 2007. It details annual retainers for board and committee chairmanships, meeting fees, and additional compensation for audit committee accounting experts. Non-employee, non-affiliated directors also received stock options and restricted shares in 2006. The summary provides clear information on the amounts paid for each role and responsibility within the board and its committees.
Exhibit 10.27
SCIELE PHARMA, INC.
DIRECTORS’ COMPENSATION FOR 2006 SUMMARY SHEET
| ANNUAL BOARD RETAINER |
| 2006 |
| $ | 30,000 |
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| 2007 |
| $ | 30,000 |
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| ANNUAL BOARD CHAIRMANSHIP RETAINER |
| 2006 |
| $ | 30,000 |
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| 2007 |
| $ | 10,000 |
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| ANNUAL COMMITTEE CHAIRMANSHIP RETAINER |
| 2006 |
| $ | 10,000 |
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| 2007 |
| $ | 15,000 |
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| Nomination/Corporate Governance Committee |
| 2006 |
| $ | 5,000 |
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| 2007 |
| $ | 10,000 |
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| Audit Committee |
| 2006 |
| $ | 5,000 |
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| 2007 |
| $ | 10,000 |
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| Compensation Committee |
| 2006 |
| $ | 5,000 |
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| 2007 |
| $ | 5,000 |
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| BOARD AND COMMITTEE MEETING FEE (In Person Meeting) |
| 2006 |
| $ | 1,500 |
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| 2007 |
| $ | 2,000 |
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| AUDIT COMMITTEE ACCOUNTING EXPERT RETAINER |
| 2006 |
| $ | 5,000 |
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| 2007 |
| $ | 10,000 |
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In 2006, in addition to the base compensation, each director who was not a employee and not affiliated with a greater than 10% stockholder was granted 5,000 stock options and 2,500 restricted shares.
