Sucampo Pharmaceuticals, Inc. Non-Employee Director Compensation Program Summary
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Summary
Sucampo Pharmaceuticals, Inc. has established a compensation program for its non-employee directors. Under this program, each non-employee director receives an annual retainer of $60,000 for their service. Additionally, directors are paid $1,000 for each board or committee meeting they attend, whether in person or by phone. The company also reimburses directors for any out-of-pocket expenses related to attending meetings. This program applies only to directors who are not employees or spouses of employees of the company.
EX-10.7 2 w20549a1exv10w7.htm NON-EMPLOYEE DIRECTOR COMPENSATION SUMMARY exv10w7
Exhibit 10.7
SUCAMPO PHARMACEUTICALS, INC.
Non-Employee Director Compensation Program
Each director who is not an employee of, or a spouse of an employee of, Sucampo Pharmaceuticals, Inc. (the “Company”) (a “Non-Employee Director”) shall receive an annual retainer of $60,000 for service as a director.
Each Non-Employee Director will also receive a fee of $1,000 for each meeting of the full board or any committee of the board attended in person or by telephone.
The Company shall reimburse each Non-Employee Director for out-of-pocket expenses incurred in connection with attending any board and committee meetings in person.
