Attached files
file | filename |
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EX-23.1 - EXHIBIT 23.1 - BioMed Realty Trust Inc | c95955exv23w1.htm |
EX-10.6 - EXHIBIT 10.6 - BioMed Realty Trust Inc | c95955exv10w6.htm |
EX-31.1 - EXHIBIT 31.1 - BioMed Realty Trust Inc | c95955exv31w1.htm |
EX-32.1 - EXHIBIT 32.1 - BioMed Realty Trust Inc | c95955exv32w1.htm |
EX-12.1 - EXHIBIT 12.1 - BioMed Realty Trust Inc | c95955exv12w1.htm |
EX-10.4 - EXHIBIT 10.4 - BioMed Realty Trust Inc | c95955exv10w4.htm |
EX-31.2 - EXHIBIT 31.2 - BioMed Realty Trust Inc | c95955exv31w2.htm |
10-K - FORM 10-K - BioMed Realty Trust Inc | c95955e10vk.htm |
EX-21.1 - EXHIBIT 21.1 - BioMed Realty Trust Inc | c95955exv21w1.htm |
Exhibit 10.41
DIRECTOR COMPENSATION POLICY
(effective as of January 1, 2010)
(effective as of January 1, 2010)
Members of the board of directors (the Board) of BioMed Realty Trust, Inc. (the
Company) who are not employees of the Company or any of its subsidiaries (each a
Non-Employee Director) shall be eligible to receive cash and equity compensation as set
forth in this Director Compensation Policy. The cash compensation and restricted stock grants
described in this Director Compensation Policy shall be paid or be made, as applicable,
automatically and without further action of the Board or its Compensation Committee, to each
Non-Employee Director who may be eligible to receive such cash compensation or restricted stock
unless such Non-Employee Director declines the receipt of such cash compensation or restricted
stock by notice to the Company. This Director Compensation Policy shall remain in effect until it
is revised or rescinded by further action of the Board or its Compensation Committee.
1. Cash Compensation and Reimbursement of Expenses.
(a) Annual Fee. Each Non-Employee Director shall be eligible to receive an annual fee
of $35,000 for service on the Board, the Non-Employee Director who regularly chairs the Audit
Committee of the Board shall be eligible to receive an additional annual fee of $15,000, and each
Non-Employee Director who regularly chairs any other committee of the Board shall be eligible to
receive an additional annual fee of $10,000 for each committee chaired. The fees shall be payable
in equal quarterly installments in arrears on or about January 15, April 15, July 15 and October 15
of each year.
(b) Meeting Stipends.
(1) Board of Directors. Each Non-Employee Director shall be eligible for an
additional stipend of $1,500 for each Board meeting attended in person and by telephone.
(2) Audit Committee. Each Non-Employee Director who serves on the Audit
Committee of the Board shall be eligible for an additional stipend of $1,500 for each
committee meeting attended in person and by telephone (whether or not the committee meeting
is on a day that includes a Board meeting).
(3) Other Committees. Each Non-Employee Director who serves on a committee of
the Board other than the Audit Committee shall be eligible for an additional stipend of
$1,000 for each committee meeting attended in person and by telephone (whether or not the
committee meeting is on a day that includes a Board meeting).
(c) Reimbursement of Expenses. Non-Employee Directors shall be eligible for
reimbursement for reasonable expenses incurred to attend Board and committee meetings.
2. Equity Compensation. Non-Employee Directors shall be eligible to receive grants of
restricted stock as set forth in the Companys 2004 Incentive Award Plan (the 2004 Plan),
which grants shall be subject to the terms and provisions of the 2004 Plan and the execution and
delivery of restricted stock agreements (including all exhibits thereto), in substantially the form
previously approved by the Board, setting forth the vesting schedule applicable to such restricted
stock and such other terms as may be required by the 2004 Plan.