EX-10.41 4 a10k_2020-exhibit1041.htm EX-10.41 Document
Exhibit 10.41


Vertex Pharmaceuticals Incorporated Annual Non-Employee Board Compensation
Annual Retainer
$100,000
Committee Chair Compensation
Audit & Finance Committee Chair
$30,000 annual retainer
Management Development & Compensation Committee Chair
$25,000 annual retainer
Corporate Governance & Nominating Committee Chair
$20,000 annual retainer
Science & Technology Committee Chair
$20,000 annual retainer
Committee Membership Fee (Non-Chairs)
Audit & Finance Committee Member
$15,000 annual retainer
Management Development & Compensation Committee Member
$12,500 annual retainer
Corporate Governance & Nominating Committee Member
$10,000 annual retainer
Science & Technology Committee Member
$10,000 annual retainer
Lead Independent Director Compensation
$40,000 annual retainer
Annual Equity Grants
Annually on May 1, $400,000 in value-based awards, comprised at the director's election of restricted stock units and/or options
Options are fully vested upon grant
Restricted stock units cliff vest on the 1 year anniversary of the grant date
Initial Equity Grants
On date director joins the board of directors, a $400,000 restricted stock unit award that vests on the first anniversary of the grant date.
Each of our non-employee directors is eligible to defer the cash and restricted stock portion of his/her compensation set forth above and elect to receive deferred stock units that convert to common stock in specified circumstances.