Document:

EX-10.4

 Exhibit 10.4 

OXiGENE, INC. 
 AMENDED
AND RESTATED 
 DIRECTOR COMPENSATION POLICY 

The Board of Directors (the “Board”) of OXiGENE, Inc. (the “Company”) has approved the following amended and
restated policy (the “Policy”) which establishes compensation to be paid to non-employee directors of the Company to provide an inducement to obtain and retain the services of qualified persons to serve as members of the
Company’s Board. Each such director will receive a fee payable in cash and equity as compensation for his or her services, all as further set forth herein. 

Applicable Persons 
 This Policy shall
apply to each director of the Company who is not an employee of the Company or any parent or subsidiary of the Company (each, an “Outside Director”). 

Equity Grants 
 Annual Equity Grants

 Starting with the date of the 2015 annual meeting of stockholders of the Company, each Outside Director shall be granted a
non-qualified stock option to purchase shares of the Company’s common stock, $0.01 par value per share (the “Common Stock”), valued at $40,000 on the date of grant (the “Annual Equity Grant”), under the
OXiGENE, Inc. 2005 Stock Plan, as amended (or the Company’s then applicable stockholder-approved stock plan) (the “Stock Plan”). Options issued pursuant to the Annual Equity Grant shall be issued to each Outside Director
automatically, without further action by the Board or the Compensation Committee, on the date of each annual meeting of stockholders of the Company (the “Date of Grant”). 

New Director Grants 
 If
an Outside Director who has not previously served as a member of the Board (a “New Director”) is elected or appointed, the New Director shall be granted an option valued at $50,000 on the date of grant under the Stock Plan, on or
shortly after the first date of his or her service (the “New Director Grant”); provided, however, that no New Director Grant shall occur until after the date of the 2015 annual meeting of stockholders of the Corporation. 

Terms of Options 
 Unless
otherwise specified by the Board or the Compensation Committee of the Board (the “Compensation Committee”) at the time of grant, (i) options granted as Annual Equity Grants shall vest in full one (1) year from the Date of
Grant, subject to the Outside Director’s continued service on the Board as of the vesting date; (ii) options granted as New Director Grants shall vest over a three (3) year period, subject to the New Director’s continued service
on the Board as of each vesting date; (iii) each Annual Equity Grant and New Director Grant shall have an exercise price equal to the closing price of the Common Stock on The NASDAQ Capital 

 
Market (or other applicable trading market) on the date of grant, or if the date of grant is not a trading day, the closing price on the next trading day following the date of grant;
(iv) each option shall have a term of six (6) years; (v) the number of options to be received pursuant to an Annual Equity Grant or a New Director Grant shall be calculated using the Black-Scholes valuation method and (vi) each
Annual Equity Grant and New Director Grant shall be subject to the terms and conditions of the Stock Plan and shall contain such other terms and conditions as the Board or the Compensation Committee may determine. 

Cash Fees 
 Annual Cash Payments

 Effective July 1, 2014, the following annual cash fees shall be paid to the Outside Directors serving on the Board and the Audit
Committee of the Board, the Compensation Committee, and the Nominating and Governance Committee of the Board, as applicable. 
  

			
	Board or Committee of Board	 	Annual Cash Retainer Amount
	 Chairperson of the Board
	 	$60,000
	 Member of the Board (other than the
Chairperson)
	 	$40,000
	 Audit Committee Chairperson (in
addition to compensation as a Member of the Board)
	 	$15,000
	 Compensation Committee Chairperson
(in addition to compensation as a Member of the Board)
	 	$10,000
	 Nominating and Governance Committee
Chairperson (in addition to compensation as a Member of the Board)
	 	$8,000

 Payment Terms for All Cash Fees 

Cash payments payable to Outside Directors shall be paid quarterly in advance on the first day of each fiscal quarter. If a new Outside
Director commences service on a date other than the first day of a fiscal quarter, such new Outside Director shall receive his or her cash compensation for such fiscal quarter pro rated on or shortly after his or her first date of service. 

Expenses 
 Upon presentation of
documentation of such expenses reasonably satisfactory to the Company, each Outside Director shall be reimbursed for his or her reasonable out-of-pocket business expenses incurred in connection with attending meetings of the Board, committees
thereof or in connection with other Board-related business. 
 Amendments 

The Board shall review this Policy from time to time to assess whether the type and amount of compensation provided for herein should be
adjusted in order to fulfill the objectives of this Policy. 

  
 2SEMG 6.30.14 EXHIBIT 10.1

EXHIBIT 10.1

SEMGROUP CORPORATION

Board of Directors
Compensation Plan

Effective June 1, 2014

Total annual compensation for the non-executive Board members of SemGroup Corporation will be paid both in a retainer (either in cash or in equity, or a combination thereof) and in an equity grant of SemGroup Corporation.

	
					
	 
	Total Compensation 1
	  Annual  Retainer 2, 3, 4
	Committee Meeting Fee 5
	Annual Equity Grant 4

	Non-Executive Chairman of the Board
	$261,000
	$124,500
	 
	$136,500

	Chairman - Audit Committee
	$221,000
	$104,500
	$2,000
	$116,500

	Members - Audit Committee
	$186,000
	$87,000
	$2,000
	$99,000

	Chairman - Nominating/Governance Committee
	$201,000
	$94,500
	$2,000
	$106,500

	Chairman - Compensation Committee
	$201,000
	$94,500
	$2,000
	$106,500

	Members - Nominating/Governance Committee
	$186,000
	$87,000
	$2,000
	$99,000

	Members - Compensation Committee
	$186,000
	$87,000
	$2,000
	$99,000

	Members - Board Only
	$186,000
	$87,000
	 
	$99,000

		
	A.
	Board members will receive the Annual Equity Grant as restricted stock which shall fully vest on the first anniversary date of the grant.

		
	B.
	Board members must retain 100% of all stock awarded under this plan until a minimum ownership level of vested shares equal in value to 4x’s the Annual Retainer for Members - Board Only as set forth above has been achieved; provided,  however, (i) that Board members will be able to sell shares to cover tax liability associated with fully-vested or vesting of restricted shares and (ii) that vested shares can be transferred: (1) to his or her revocable grantor trust in which such Director is the sole primary beneficiary; (2) to a trust maintained for the benefit of the spouse or minor child of the Director of which the Director serves as trustee; and (3) to the spouse of the director to be held in common ownership with such Director.

		
	C.
	Each Board member shall receive the highest Total Compensation he or she is entitled to pursuant to the above table.  No Board member shall be entitled to compensation from more than one row of the table set forth above.

		
	D.
	The number of shares of restricted stock received shall be determined by dividing the dollar amount of the grant by the value of a share of common stock on the date the grant is made.

		
	E.
	Board members will receive in June of each plan year, which shall commence on June 1 of each year, their Annual Retainer and Annual Equity Grant.  The Annual Retainer and Annual Equity Grant shall be pro-rated for any Director whose service commences after June 1 of a plan year.

		
	1 
	Total compensation is the sum of the Annual Retainer and Annual Equity Grant paid on an annual basis.  This does not include Committee Meeting Fees.

EXHIBIT 10.1

		
	2 
	Board members may elect, on or prior to December 31 of the calendar year preceding the plan year, to receive the Annual Retainer in either cash, fully-vested restricted stock, or a combination thereof.  If a Board member does not make such an election, the entire amount of the Annual Retainer will be paid in cash.

		
	3 
	The Annual Retainer to be paid in cash can be voluntarily deferred in increments of 5% subject to compliance with the SemGroup Corporation Non-executive Directors’ Compensation Deferral Program, which is attached as Attachment A hereto and hereby incorporated herein by reference. 

		
	4 
	All equity grants will be made under the SemGroup Corporation Equity Incentive Plan.

		
	5 
	Committee Meeting Fees are paid only to members of the committee for their attendance at each meeting of their respective committees and not to other Board members who may attend the meeting voluntarily; provided, however, that if the Chairman of the Board attends a committee meeting for the purpose of establishing a quorum and if a non-member of a committee attends at the specific request or requirement of the Chairman of that Committee, that director will be entitled to be paid a Committee Meeting Fee.$25,000

Exhibit 10.1

		
	$5,250.00

	May 8, 2014

PROMISSORY NOTE

As hereinafter agreed Jolley Marketing Inc., jointly and severally, promises to pay to the order of Bateman Dynasty, Five Thousand Two Hundred Fifty Dollars and no cents.  ($5,250.00).  It is hereby agreed that the said amount shall be payable in full twenty-four months from the date of the note.  Interest shall accrue at the rate of Eight Percent (8%) per annum will be charged on the unpaid balance until the whole amount of the principal and interest is paid.  There shall be no penalty for early payment of this note.

Should default be made in the payment of the demand note then the whole unpaid amount shall become immediately due and payable; and in the event default is made and said note is placed in the hands of an attorney for collection or suit is brought on the same, then the undersigned agrees to pay all costs and attorney’s fees that might be incurred.  If there is a lawsuit, borrower agrees upon lenders request to submit to the jurisdiction of the county of Utah County, the State of Utah.  This Note shall be governed by and construed in accordance with the laws of the State of Utah.

UNDERSIGNED:

Steven White

/s/ Steve White 

White, President

Jolley Marketing, Inc.

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