Summary of Compensatory Arrangements with Executive Officers

Contract Categories: Human Resources › Compensation Agreements
Summary

This document outlines the base salaries for the executive officers of the company, including the President and CEO-Elect, Senior Vice President and CFO-Elect, Executive Chairman, and other key executives. It specifies the annual cash compensation each executive will receive for their respective roles. The arrangement is intended to formalize the compensation structure for the company's leadership team.

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EX-10.40 6 b63630atexv10w40.txt EX-10.40 COMPENSATORY ARRANGEMENTS WITH EXECUTIVE OFFICERS . . . Exhibit 10.40 SUMMARY OF THE REGISTRANT'S COMPENSATORY ARRANGEMENTS WITH EXECUTIVE OFFICERS
Name and Title Base Salary - -------------- ----------- Paul Sagan $400,000 President and CEO-Elect J. Donald Sherman $300,000 Senior Vice President - CFO-Elect George Conrades $ 40,000(1) Executive Chairman Melanie Haratunian $240,000 Vice President and General Counsel Robert Hughes $350,000 Executive Vice President - Global Sales, Services and Marketing Tom Leighton $ 20,000 Chief Scientist Chris Schoettle $300,000 Executive Vice President - Technology, Networks and Support Cathy Welsh $220,000 Chief Human Resources Officer
- ---------- (1) Reflects cash compensation for serving as Executive Chairman of the Board of Directors