Exhibit 10.57

 

Vertex Pharmaceuticals Non-Employee Board Compensation

 

Annual Retainer:

 

$50,000

 

 

 

Committee Chair Compensation

 

 

Audit & Finance Committee Chair

 

$25,000 annual retainer

 

 

 

Corporate Governance & Nominating Committee Chair

 

$20,000 annual retainer

 

 

 

Management Development & Compensation Committee Chair

 

$20,000 annual retainer

 

 

 

Science & Technology Committee Chair

 

$12,500 annual retainer

 

 

 

Committee Membership Fees (Non-Chairs):

 

$5,000 annually per committee membership

 

 

 

Lead Independent Director Compensation:

 

$25,000 annual retainer

 

 

 

Equity Grants

 

 

 

 

Upon first election to the Board, 30,000 options, vesting quarterly over four
years; and

 

 

On June 1 of each year in service, 20,000 fully vested options.

 

 

On June 1 of each year, 2,500 fully vested options for the Chairman of the
Board, if independent, or the Lead Independent Director.

 

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