FIRST HORIZON PHARMACEUTICAL CORPORATION DIRECTORS COMPENSATION FOR 2006 SUMMARY SHEET
Exhibit 10.27
FIRST HORIZON PHARMACEUTICAL CORPORATION
DIRECTORS’ COMPENSATION FOR 2006 SUMMARY SHEET
| ANNUAL BOARD RETAINER |
| 2005 |
| $ | 30,000 |
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| 2006 |
| $ | 30,000 |
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| ANNUAL BOARD CHAIRMANSHIP RETAINER |
| 2005 |
| $ | 10,000 |
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| 2006 |
| $ | 10,000 |
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| ANNUAL COMMITTEE CHAIRMANSHIP RETAINER: |
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| Nominating/Corporate Governance Committee |
| 2005 |
| $ | 5,000 |
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| 2006 |
| $ | 5,000 |
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| Audit Committee |
| 2005 |
| $ | 5,000 |
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| 2006 |
| $ | 5,000 |
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| Compensation Committee |
| 2005 |
| $ | 5,000 |
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| 2006 |
| $ | 5,000 |
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| Mergers and Acquisition Committee |
| 2005 |
| $ | 5,000 |
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| 2006 |
| $ | 5,000 |
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| BOARD AND COMMITTEE MEETING FEE (In Person Meeting) |
| 2005 |
| $ | 1,500 |
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| 2006 |
| $ | 1,500 |
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| BOARD AND COMMITTEE MEETING FEE (Telephone Meeting) |
| 2005 |
| $ | 750 |
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| 2006 |
| $ | 750 |
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| AUDIT COMMITTEE ACCOUNTING EXPERT RETAINER |
| 2005 |
| $ | — |
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| 2006 |
| $ | 5,000 |
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In 2005, in addition to the base compensation, each director who was not an employee and not affiliated with a greater than 10% stockholder was granted 5,000 stock options and 2,500 restricted shares
