Exhibit 10.13
10x Genomics, Inc.
Non-Employee Director Compensation Policy
(Adopted August 17, 2019)
Purpose
The purpose of this Non-Employee Director Compensation Policy (this “Policy”) is to establish the cash and equity compensation for non-employee members of the Board of Directors (the “Board”) of 10x Genomics, Inc. (the “Company”) in a manner that aligns their interests with those of the Company’s shareholders and is competitive with comparable companies.
The cash and equity compensation described in this Policy shall be paid or be made, as applicable, automatically and without further action of the Board, or any committee or subcommittee thereof, to each member of the Board who is not an employee of the Company or any parent or subsidiary of the Company (each, a “Non-Employee Director”) who may be eligible to receive such cash or equity compensation, unless such Non-Employee Director declines the receipt of such cash or equity compensation by written notice to the Company.
Effective Date
This Policy shall become effective on the date the price of the shares of the Company’s Class A Common Stock (as defined in the 2019 Plan (as defined below)) is established in connection with the Company’s initial public offering (the “Effective Date”), immediately following the establishment of such price, and shall remain in effect until it is revised or rescinded by further action of the Board and, solely to the extent required to satisfy the exemption under the provisions of Rule 16b-3 promulgated under the Exchange Act (as defined in the 2019 Plan) in respect of equity awards, a committee of the Board composed solely of two or more “non-employee directors” within the meaning of Rule 16b-3 promulgated under the Exchange Act (a “Rule 16b-3 Committee”).
Compensation
| a. | Annual Retainers. Each Non-Employee Director shall receive an annual retainer of $40,000 for service on the Board. |
| b. | Additional Annual Retainers. In addition to the annual retainer inSection 1(a), the Non-Employee Director serving as the Chair of the Board and each Non-Employee Director serving as a member or chair, as applicable, of the following committees of the Board shall receive an additional annual retainer for such service as follows: |
| | | | |
Chair of the Board: | | $ | 40,000 | |
| |
Audit Committee Chair: | | $ | 20,000 | |
| |
Audit Committee Member: | | $ | 10,000 | |