Adept Technology, Inc. Executive Officer Compensation Schedule (Effective July 1, 2015)
This document outlines the compensation for executive officers of Adept Technology, Inc. as of July 1, 2015. It lists the annual base salaries, eligibility for incentive compensation under the Fiscal 2016 Management Incentive Plan, and other benefits such as health care, disability and life insurance, and 401(k) matching for the President/CEO, CFO, and Chief Business Development and Strategy Officer. Equity awards are also provided under previously approved agreements. The summary is effective as of the company's latest annual report filing.
Exhibit 10.20
Schedule of Executive Officer Compensation
The following is a summary of the compensation of the executive officers of Adept Technology, Inc. (the “Company”) effective commencing July 1, 2015 and in effect as of the date of filing of the Company’s Annual Report on Form 10-K.
| Current Executive Officers | Annual Base Salary | Fiscal 2015 Incentive Compensation | Other Annual | |||||
| Rob Cain President and Chief Executive Officer | $ | 350,000 | (1) | Health care coverage; long- term disability and group term life insurance excess premiums; 401(k) match | ||||
| Seth Halio Chief Financial Officer | $ | 255,000 | (1) | Health care coverage; long- term disability and group term life insurance excess premiums; 401(k) match | ||||
| Terry Hannon Chief Business Development and Strategy Officer | $ | 275,000 | (1) | Health care coverage; long- term disability and group term life insurance excess premiums; 401(k) match | ||||
(1) Pursuant to participation in, and subject to terms of, the Fiscal 2016 Management Incentive Plan.
(2) Other benefits to be provided by the Company to the identified executive officer. Equity awards have been granted to the executive officers pursuant to option agreements and restricted stock unit agreements, the forms of which have been approved by the Compensation Committee and filed with the Securities and Exchange Commission.
