Sunesis Pharmaceuticals Non-Employee Director Compensation Policy
Sunesis Pharmaceuticals, Inc. outlines compensation for its non-employee board members, providing an annual cash payment of $40,000, with additional fees for serving as board or committee chairs or members. Non-employee directors also receive stock options—30,000 options upon joining and 20,000 options annually thereafter. The company reimburses directors for expenses related to attending meetings.
Exhibit 10.3
Non-Employee Director Compensation Information
Sunesis Pharmaceuticals, Inc. has established the following annual compensation for non-employee members of its board of directors as follows.
CASH COMPENSATION:
Board member: $40,000
In addition, each non-employee member of the board of directors is eligible to receive:
Board Chair: $20,000
Audit Committee Chair: $20,000
Compensation Committee Chair: $15,000
Nominating and Corporate Governance Committee Chair: $7,500
Audit Committee member: $10,000
Compensation Committee member: $7,500
Nominating and Corporate Governance Committee member: $5,000
In addition, all non-employee directors are reimbursed for out-of-pocket expenses incurred in attending board of directors and committee meetings.
EQUITY COMPENSATION:
Initial Grant—Number of options to purchase shares of common stock: 30,000
Annual Grant—Number of options to purchase shares of common stock: 20,000
