EX-10.62 2 exhibit1062.htm EXHIBIT 10.62 Exhibit
                                                
Exhibit 10.62




Terms and Conditions of the Alimera Sciences, Inc.
2019 Non-Employee Director Compensation Program

Element
Description
Board Retainer
    $40,000 annual cash Board retainer
Chairman of the Board
    $45,000 annual cash retainer
Lead Independent Director
    $15,000 annual cash retainer
Committee Member
(Non-Chair)
Additional Annual Cash Retainer
    $10,000 for Audit Committee;
    $7,000 for Compensation Committee;
    $4,000 for Nominating & Governance Committee
Committee Chair Additional Annual Cash Retainer (includes amount for serving on Committee plus additional amount for serving as Chair)
    $20,000 for Audit Committee
    $15,000 for Compensation Committee
    $8,000 for Nominating & Governance Committee
Equity Compensation
    Annual grant for 50,000 stock options with a ten-year term and vest in equal monthly vesting installments over one year

Ø    Option grants at the annual shareholder meeting (June), which is the beginning of the director “service year”
Ø    New directors are provided a pro-rata annual grant for service until the end of the current director “service year”
Ø    Directors to have three years to exercise vested options after leaving Board
Ø    Vesting accelerates in the event of a change in control of the Company or the director’s death or disability