EX-10.29 2004 Executive Deferred Compensation Plan

Executive Compensation Plan Agreement

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This Executive Compensation Plan Agreement involves

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Title: EX-10.29 2004 Executive Deferred Compensation Plan
Date: 3/23/2005

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Exhibit 10

Exhibit 10.29

2004

Executive Deferred Compensation Plan

Summary

The Pharmacopeia Deferred Compensation Plan is designed to allow key executives and members of the Board of Directors to defer compensation from federal taxes and to provide a vehicle for tax-deferred investment growth. It also functions as a retention mechanism through the use of a vesting schedule for Company-made matches and bonus awards. For a more complete review of the mechanics of Pharmacopeia’s Executive Deferred Compensation Plan, please review the EDCP Overview.

Participation

This plan is restricted to full time, US-based Vice Presidents of the Company and members of its Board of Directors

Enrollment

Annual Deferral Amounts: The deferred compensation arrangement will be provided as a benefit enhancement for key executives and members of the Board of Directors allowing deferrals of up to 100% of annual compensation.

Election Timing: Deferral elections are effective a

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