TLCV » Topics » Compensation of Directors

This excerpt taken from the TLCV DEF 14A filed Apr 30, 2009.
Compensation of Directors
 
The following table sets forth the compensation of our directors during the financial year ended December 31, 2008, other than those who are also named executive officers (in such case, their compensation as directors is included above under “Summary Compensation Table”):
 
This excerpt taken from the TLCV DEF 14A filed Apr 29, 2008.
Compensation of Directors
 
The following table sets forth the compensation of our directors during the financial year ended December 31, 2007, other than those who are also named executive officers (in such case, their compensation as directors is included above under “Summary Compensation Table”):
 
This excerpt taken from the TLCV DEFA14A filed May 2, 2007.
Compensation of Directors
 
The following table sets forth the compensation of our directors during the financial year ended December 31, 2006, other than those who are also named executive officers (in such case, their compensation as directors is included above under “Summary Compensation Table”):
 
This excerpt taken from the TLCV DEF 14A filed Apr 30, 2007.
Compensation of Directors
 
The following table sets forth the compensation of our directors during the financial year ended December 31, 2006, other than those who are also named executive officers (in such case, their compensation as directors is included above under “Summary Compensation Table”):
 
This excerpt taken from the TLCV DEF 14A filed May 1, 2006.
Compensation of Directors
 
Directors who are not executive officers of the Company are entitled to receive an attendance fee of $2,500 for each board meeting attended in person, $1,000 for each committee meeting attended in person and $500 for each meeting attended by phone. Directors also receive an annual fee of $15,000. Non-executive directors are reimbursed for out-of-pocket expenses incurred in connection with attending meetings of the board of directors. In addition, outside directors are entitled to receive options to acquire common shares under our stock option plan based on the performance of the Company. As a medical director, Dr. Lindstrom was granted options to acquire 20,000 common


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shares at an exercise price of $10.42 in December 2004. All directors who are not executive officers of the Company were granted options to acquire 10,000 common shares at an exercise price of $6.50 in December 2005. The chair of each of the Compensation and Corporate Governance and Nominating Committees also receives an annual fee of $5,000 and the chair of the Audit Committee receives an annual fee of $8,000.
 
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