SEC Contract Filing

Filing Date: 2020-03-11

Document Content:
<DOCUMENT>
<TYPE>EX-10.3
<SEQUENCE>4
<FILENAME>mgtx-20191231ex103e9b315.htm
<DESCRIPTION>EX-10.3
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 <font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;font-size:12pt;">Exhibit 10.3</font>
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 <font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;font-size:12pt;">MEIRAGTX HOLDINGS PLC</font>
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 <font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;font-size:12pt;">NON-EMPLOYEE DIRECTOR COMPENSATION PROGRAM</font>
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 <font style="display:inline;font-family:Times New Roman,Times,serif;font-size:12pt;">Non-employee members of the board of directors (the &#x201C;</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;font-style:italic;font-size:12pt;">Board</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:12pt;">&#x201D;) of MeiraGTx Holdings plc (the &#x201C;</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;font-style:italic;font-size:12pt;">Company</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:12pt;">&#x201D;) shall receive cash and equity compensation as set forth in this Non-Employee Director Compensation Program (this &#x201C;</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;font-style:italic;font-size:12pt;">Program</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:12pt;">&#x201D;).&nbsp;&nbsp;The cash and equity compensation described in this Program shall be paid or be made, as applicable, automatically and without further action of the Board, to each member of the Board who is not an employee of the Company or any parent or subsidiary of the Company (each, a &#x201C;</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;font-style:italic;font-size:12pt;">Non-Employee Director</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:12pt;">&#x201D;) who is entitled to receive such cash or equity compensation, unless such Non-Employee Director declines the receipt of such cash or equity compensation by written notice to the Company.&nbsp;&nbsp;This Program shall remain in effect </font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;font-size:12pt;">until it is revised or rescinded by further action of the Board.&nbsp;&nbsp;This Program may be amended, modified or terminated by the Board at any time in its sole discretion. </font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:12pt;"> The terms and conditions of this Program shall supersede any prior cash and/or equity compensation arrangements for service as a member of the Board between the Company and any of its Non-Employee Directors.</font>
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 <font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;font-size:12pt;">I.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CASH COMPENSATION</font>
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 <font style="display:inline;font-family:Times New Roman,Times,serif;font-size:12pt;">A.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:12pt;text-decoration:underline;">Annual Retainers</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:12pt;">.&nbsp;&nbsp;Each Non-Employee Director shall receive an annual retainer of $25,000 for service on the Board.</font>
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 <font style="display:inline;font-family:Times New Roman,Times,serif;font-size:12pt;">B.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:12pt;text-decoration:underline;">Additional Annual Retainers</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:12pt;">.&nbsp;&nbsp;In addition, each Non-Employee Director shall receive the following annual retainers:</font>
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