EX-10.16 6 a2224093zex-10_16.htm EX-10.16

EXHIBIT 10.16

 

OpGen, Inc.

 

Non-Employee Director Compensation
(to be effective following closing of initial public offering)

 

Board Member Compensation

 

 

 

 

 

 

 

Annual Retainer

 

$

25,000

 

Annual equity grant (stock options)

 

12,500

 

Initial equity grant (stock options)

 

30,000

 

 

 

 

 

Additional Committee Chair Compensation

 

 

 

 

 

 

 

Audit Committee

 

$

15,000

 

Compensation Committee

 

$

10,000

 

Nominating & Corporate Governance *

 

$

7,500

 

 

 

 

 

Additional Committee Member Compensation

 

 

 

 

 

 

 

Audit Committee

 

$

7,000

 

Compensation Committee

 

$

5,000

 

Nominating & Corporate Governance *

 

$

3,500

 

 

*                                         When formed