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Exhibit 10.51
SEQUENOM, INC.
NON-EMPLOYEE
DIRECTOR
COMPENSATION
POLICY
The Board of Directors (the
“Board” ) of Sequenom, Inc. (the
“Company” ) and the Nominating and
Corporate Governance Committee of the Board adopted the following
compensation program for non-employee directors of the Board.
Pursuant to this program, each member of the Board who is not an
employee or an officer of the Company will receive the following
compensation for Board services, as applicable:
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a $25,000 annual retainer for
service as a Board member;
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a $20,000 supplemental annual
retainer for service as Chairman of the Board;
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a $12,000 supplemental annual
retainer for service as Chairman of the Audit Committee;
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a $8,000 supplemental annual
retainer for service as Chairman of the Compensation
Committee;
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a $5,000 supplemental annual
retainer for service as Chairman of the Nominating and Corporate
Governance Committee;
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At the election of each non-employee
director of our Board made prior to the commencement of a fiscal
year, all or a specific percentage of the annual retainer for such
year may be payable in either cash, nonqualified stock options to
purchase shares of the Company’s common stock, restricted
shares of common stock or restricted stock unit awards. In the
event that the election is made to receive a nonqualified stock
option, restricted stock, or restricted stock unit award in lieu of
all or a portion of such cash compensation, such nonstatutory stock
option, restricted stock or
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