SUMMARY OF ANNUAL NON-MANAGEMENT DIRECTOR COMPENSATION
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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