Director Compensation Policy



 Exhibit 10.19 
 CELL THERAPEUTICS, INC. 
 REVISED DIRECTOR COMPENSATION POLICY 
 Effective January 1, 2009 
 Non-employee directors of Cell Therapeutics, Inc., a Washington corporation (the “Company”) shall be entitled to the compensation set forth below for their service as a member of the Board of Directors (the “Board”) of
the Company. This policy supersedes all prior policies or provisions of any equity plans concerning compensation of the Company’s non-employee directors, except that any prior equity awards previously earned by a director, but which have not
yet been granted, remain valid. 
 Cash Compensation 
 Annual Retainer for Board Service 
 Effective January 1, 2009, each non-employee director
shall be entitled to an annual cash retainer in the amount of $25,000 (the “Annual Retainer”). The Company shall pay the Annual Retainer on a semi-annual basis paid, with half of the Annual Retainer to paid on each of the first business
day of January and July. 
 Annual Retainer for Chairman of the Board Service 
 Effective January 1, 2009, a non-employee director who serves as the Chair of the Board shall be entitled to an annual cash retainer in the amount of
$52,500 (the “Chair of the Board Retainer”). The Company shall pay the Chair of the Board Retainer on a semi-annual basis, with half of the Annual Retainer to paid on each of the first business day of January and July. 
 Board Committee Chair Retainer 
 Effective January 1, 2009, a non-employee director who serves as the Chair of the Audit, Compensation or Nominating and Corporate Governance committee of the Board shall be entitled to an annual cash retainer in the amount of $10,000
(the “Chair Retainer”). The Company shall pay the Chair Retainer on a semi-annual basis, with half of the Annual Retainer to paid on each of the first business day of January and July. 
 Board Meeting Attendance Fee 
 Commencing April 1, 2007, a non-employee director who attends a Board meeting, whether in person or telephonic and regardless of length, will be entitled to a fee in the amount of $2,000 (“Board Meeting Fee”) for each
meeting. The Company shall pay the Board Meeting Fee on a quarterly basis in arrears. 







 Board Committee Meeting Attendance Fee 
 Commencing April 1, 2007, a non-employee director who attends a committee meeting, whether in person or telephonic and regardless of length or
whether a meeting is scheduled on the same day as a Board meeting, will be entitled to a fee in the amount of $1,000 (“Committee Meeting Fee”) for each meeting. The Company shall pay the Committee Meeting Fee on an annual basis paid on a
quarterly basis in arrears. 
 Equity Compensation 
 Initial Equity Award for New Directors 
 For new non-employee directors appointed or elected
after January 1, 2007, on the date a new director becomes a member of the Board, each non-employee director shall automatically receive a grant as follows: a restricted stock award of 3,000 shares of Company’s common stock and an option to
purchase 9,000 shares of the Company’s common stock (an “Initial Award”), with such option to have an exercise price equal to the closing price of the Company’s common stock on the date of grant. The Initial Award is subject to
vesting over a period of three years in equal annual installments commencing on the date of grant, subject to the non-employee director’s continued service to the Company through the vesting dates. An employee director who ceases to be an
employee, but who remains a director, will not receive an Initial Award. 
 Annual Equity Award for Continuing Board Members 

 Commencing with the 2008 Annual Meeting of Stockholders, each continuing non-employee director shall automatically receive an annual grant
as follows: a restricted stock award of 9,000 shares of the Company’s common stock and an option to purchase 36,000 shares of the Company’s common stock (an “Annual Award”), with such option to have an exercise price equal to the
closing price of the Company’s common stock on the date of grant. The Annual Award for continuing Board members shall vest in full on the earlier of (i) the one year anniversary of the date of grant and (ii) the date immediately
preceding the date of the Annual Meeting of the Company’s stockholders for the year following the year of grant for the award, subject to the non-employee director’s continued service to the Company through the vesting date. 
 Provisions Applicable to All Non-Employee Director Equity Compensation Grants 
 All grants shall be subject to the terms and conditions of the Company’s 2007 Equity Incentive Plan, or any other equity compensation plan approved
by the Company’s shareholders, and the terms of the restricted stock agreement or option agreement issued thereunder. 
 Any unvested
shares underlying non-employee director option grants or restricted stock awards shall become fully vested in the event of a change in control with respect to the Company while such non-employee director is a member of the Board. 
  

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 Expense Reimbursement 
 All non-employee directors shall be entitled to reimbursement from the Company for their reasonable travel (including airfare and ground transportation), lodging and meal expenses incident to meetings of the Board or
committees thereof or in connection with other Board related business. The Company shall also reimburse directors for attendance at director continuing education programs that are relevant to their service on the Board and which attendance is
pre-approved by the Chair of the Nominating and Corporate Governance Committee or Chair of the Board. The Company shall make reimbursement to a non-employee director within a reasonable amount of time following submission by the non-employee
director of reasonable written substantiation for the expenses. 
  

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