Summary of Annual Non-Management Director Compensation for Thermo Fisher Scientific Inc.
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Summary
This document outlines the annual compensation for non-management directors of Thermo Fisher Scientific Inc. as of February 25, 2020. Board members receive a $125,000 annual cash retainer, with additional amounts for committee chairs and the Lead Director. Annual equity grants are awarded based on the Compensation Committee's recommendation. Directors are also reimbursed for reasonable travel expenses related to attending meetings.
EX-10.4 3 tmo201910kex104.htm SUMMARY OF ANNUAL DIRECTOR COMPENSATION Document
Exhibit 10.4
Effective as of 2/25/2020
SUMMARY OF ANNUAL NON-MANAGEMENT DIRECTOR COMPENSATION
I. Board Members (Other than the Lead Director)
A. Annual Cash Compensation
| Annual Cash Retainer: | $125,000 | ||||
| Additional Cash Retainer for Chairman of Audit Committee: | $25,000 | ||||
| Additional Cash Retainer for Chairs of Compensation Committee, | |||||
| Nominating and Corporate Governance Committee, Science and | |||||
| Technology Committee and Strategy and Finance Committee: | $15,000 | ||||
B. Equity Compensation
Annual equity grants are made upon the recommendation of the Compensation Committee.
II. Lead Director
A. Annual Cash Compensation
| Annual Cash Retainer: | $165,000 | ||||
B. Equity Compensation
| Annual equity grants are made upon the recommendation of the Compensation Committee. | ||
III. Travel Expenses
| Directors are reimbursed for reasonable out-of-pocket expenses incurred in attending meetings. | ||
