First Horizon Pharmaceutical Corporation 2005 Directors' Compensation Summary
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Summary
This document outlines the compensation structure for directors of First Horizon Pharmaceutical Corporation for 2005. Directors receive an annual retainer of $30,000, with additional retainers for board chairmanship ($10,000) and committee chairmanships ($5,000 each). Fees are paid for attending board and committee meetings, with higher amounts for in-person meetings. Each director is also granted 5,000 stock options. The agreement sets out the payment amounts and conditions for board service during 2005.
EX-10.43 9 a2148890zex-10_43.htm EXHIBIT 10.43
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Exhibit 10.43
FIRST HORIZON PHARMACEUTICAL CORPORATION
DIRECTORS' COMPENSATION FOR 2005 SUMMARY SHEET
| ANNUAL BOARD RETAINER | 2004 2005 | $ $ | 20,000 30,000 | |||
ANNUAL BOARD CHAIRMANSHIP RETAINER | 2004 2005 | $ $ | 10,000 10,000 | |||
ANNUAL COMMITTEE CHAIRMANSHIP RETAINER: | ||||||
Nominating/Corporate Governance Committee | 2004 2005 | $ $ | 5,000 5,000 | |||
Audit Committee | 2004 2005 | $ $ | 5,000 5,000 | |||
Compensation Committee | 2004 2005 | $ $ | 5,000 5,000 | |||
Mergers and Acquisition Committee | 2004 2005 | $ $ | 5,000 5,000 | |||
BOARD AND COMMITTEE MEETING FEE (In Person Meeting) | 2004 2005 | $ $ | 1,500 1,500 | |||
BOARD AND COMMITTEE MEETING FEE (Telephone Meeting) | 2004 2005 | $ $ | 500 750 | |||
In addition to the base compensation, each director is granted 5,000 stock options.
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