Summary of Executive Compensation for Joachim Melis (Fiscal 2008)

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Summary

This document outlines the compensation package for Joachim Melis, Vice President of Worldwide Sales, for fiscal year 2008. Mr. Melis's base salary is €195,000, with the potential to earn up to $111,300 in commissions based on sales performance. He is also eligible for group term life insurance and may receive stock option grants as determined by the company's Compensation Committee or Board. Compensation is paid in euros, and commission is tied to achieving specific revenue targets.

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EX-10.2 3 a5514826ex10-2.txt EXHIBIT 10.2 Exhibit 10.2 Summary of Executive Compensation The following is a summary of the compensation of Joachim Melis for fiscal 2008.
Payment Plan Target Annual Compensation Other Annual Current Executive Officers Base Salary (aggregated basis) Compensation - ----------------------------------------- ------------- ----------------------- ------------------------- Joachim Melis $(1) 195,000 0.10-0.27 of revenue Group term life insurance Vice President of Worldwide Sales Up to $111,300(2) excess premiums
(1) To be paid in Euros. (2) As a sales executive officer, Melis may earn commission payments based on individual performance against specific revenue targets. Mr. Melis is also eligible for options grants as determined by the Compensation Committee or Board of Adept.