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Exhibit 10.43
Vertex Pharmaceuticals Non-Employee Board Compensation
Annual Retainer: |
| $25,000 |
|
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|
Board Meeting Fees |
|
|
In-Person Board Meetings |
| $2,500 |
Telephonic Board Meetings |
| $1,250 (none for meetings called for less than 30 minutes) |
|
|
|
Committee Meeting Fees |
|
|
In-Person on Regular Board Meeting Day |
| $500 |
In-Person Meeting held on Day other than regular |
| $1,000 |
Board Meeting Day |
|
|
Telephone Meeting |
| $375 |
|
|
|
Committee Chair Compensation |
|
|
|
|
|
Audit Chair |
| $20,000 annual retainer |
|
|
|
Corporate Governance & Nominating |
| $20,000 annual retainer |
Committee Chair |
|
|
|
|
|
Management Development & Compensation Committee Chair |
| $14,000 annual retainer |
|
|
|
Equity Grants |
| Upon first election to the Board, 30,000 options, vesting quarterly over four years; and |
|
| On June 1 of each year in service, 20,000 fully vested options |
|
| On date of Annual Meeting, Chairman of Board, 20,000 fully vested options |