Exhibit 10.3

2014 Non-Employee Director Compensation
 
Cash Compensation
Board of Directors
Retainer Fee

$25,000

 
Additional Chair Retainer Fee

$30,000

 
Regular Meeting Fee

$2,500

 
Special Meeting Fee*

$1,000

Audit Committee
Retainer Fee

$6,000

 
Additional Chair Retainer Fee

$15,000

 
Meeting Fee**

$1,000

Compensation Committee
Retainer Fee

$5,000

 
Additional Chair Retainer Fee

$10,000

 
Meeting Fee**

$1,000

Nominating & Corporate Governance Committee
Retainer Fee

$5,000

 
Additional Chair Retainer Fee

$10,000

 
Meeting Fee**

$1,000

Research & Development Committee
Retainer Fee

$10,000

 
Additional Chair Retainer Fee

$10,000

 
Meeting Fee**

$5,000

*     Meeting at which minutes are generated.
** In-person meeting or teleconference at which minutes are generated.

Equity Compensation
Board of Directors
Initial Option Grant*
Number of Options
65,000
 
Annual Option Grant**
Number of Options
40,000

*     For new directors only. Vests over four years, with one year cliff vesting
and then monthly thereafter.
**    Vests monthly over one year.