SEC Filings

S-1/A
AVEXIS, INC. filed this Form S-1/A on 02/01/2016
Entire Document
 

EXHIBIT 10.7

 

AVEXIS, INC.

NON-EMPLOYEE DIRECTOR COMPENSATION POLICY

 

Each member of the Board of Directors (the “Board”) who is not also serving as an employee of or consultant to AveXis, Inc. (“AveXis”) or any of its subsidiaries (each such member, an “Eligible Director”) will receive the compensation described in this Non-Employee Director Compensation Policy for his or her Board service on and following the date of the pricing of the common stock of AveXis (the “Common Stock”) pursuant to the initial public offering  (the “IPO”) of the Common Stock (the “Effective Date”).  This policy is effective as of the Effective Date and may be amended at any time in the sole discretion of the Board or the Compensation Committee of the Board.

 

Annual Cash Compensation

 

The annual cash compensation amount set forth below is payable in equal quarterly installments, payable in arrears on the last day of each fiscal quarter in which the service occurred. If an Eligible Director joins the Board or a committee of the Board at a time other than effective as of the first day of a fiscal quarter, each annual retainer set forth below will be pro-rated based on days served in the applicable fiscal year, with the pro-rated amount paid for the first fiscal quarter in which the Eligible Director provides the service, and regular full quarterly payments thereafter. All annual cash fees are vested upon payment.

 

1.                                      Annual Board Service Retainer:

 

a.                                      All Eligible Directors: $40,000

b.                                      Chairman of the Board Service Retainer (in addition to Eligible Director Service Retainer): $30,000

 

2.                                      Annual Committee Member Service Retainer (in addition to Eligible Director Service Retainer):

 

a.                                      Member of the Audit Committee: $8,000

b.                                      Member of the Compensation Committee: $6,000

c.                                       Member of the Nominating & Governance Committee: $4,500

 

3.                                      Annual Committee Chair Service Retainer (in addition to Eligible Director Service Retainer):

 

a.                                      Chairman of the Audit Committee: $18,000

b.                                      Chairman of the Compensation Committee: $15,000

c.                                       Chairman of the Nominating & Governance Committee: $10,000

 

Equity Compensation

 

The equity compensation set forth below will be granted under the AveXis, Inc. 2016 Equity Incentive Plan (the “Plan”), subject to the AveXis stockholders’ approval of the Plan. All stock options granted under this policy will be nonstatutory stock options, with an exercise price per

 

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