Summary of Amended Base Salary Compensation for Adept Executive Officers (2009)
This document outlines the updated annual base salaries for Adept's executive officers for the 2009 calendar year, effective until further notice. It lists the names, titles, and revised compensation amounts for the President and CEO, Vice President of Finance and CFO, Vice President of Worldwide Sales, and Vice President of Worldwide Operations. The agreement serves as a formal record of the salary adjustments for these key executives.
EXHIBIT 10.5
Summary of Executive Compensation
The following is a summary of the revised base salary compensation of Adept’s executive officers for calendar 2009 until revised.
| Current Executive Officers | Revised Annual Base Salary (Calendar 2009) | ||
| John Dulchinos | |||
| President and Chief Executive Officer | $ | 228,000 | |
| Lisa M. Cummins | |||
| Vice President of Finance and Chief Financial Officer | $ | 198,000 | |
| Joachim Melis | |||
| Vice President of Worldwide Sales | EUR 126,000 | ||
| David Pap Rocki | |||
| Vice President of Worldwide Operations | $ | 177,570 | |
