Summary of Annual Non-Management Director Compensation for Thermo Fisher Scientific Inc. (Effective 1/1/17)
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Summary
This document outlines the annual compensation for non-management directors of Thermo Fisher Scientific Inc., effective January 1, 2017. Board members receive a base cash retainer of $125,000, with additional cash retainers for committee chairs and the Chairman of the Board. 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-10.7 2 tmo201610kex107.htm ANNUAL DIRECTOR COMPENSATION Exhibit
Exhibit 10.7
Effective as of 1/1/17
SUMMARY OF ANNUAL NON-MANAGEMENT DIRECTOR COMPENSATION
I. Board Members (Other than the Chairman)
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. | Chairman of the Board |
A. | Annual Cash Compensation |
Annual Cash Retainer: | $295,000 |
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.
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