Summary of Compensatory Arrangements with Executive Officers of the Registrant
This document outlines the base salary compensation for the registrant's executive officers, including the President and CEO-Elect, Senior Vice President and CFO-Elect, Executive Chairman, Senior Vice President and General Counsel, Executive Vice President of Global Sales, Services and Marketing, and Chief Scientist. It specifies the annual base salary amounts for each executive and notes that the Executive Chairman's compensation reflects cash compensation for board service. The summary provides a clear overview of the key financial terms of employment for these executives.
Exhibit 10.19
Summary of the Registrant’s Compensatory Arrangements with Executive Officers
| Name and Title | Base Salary | |||
| Paul Sagan President and CEO-Elect | $ | 525,000 | ||
| J. Donald Sherman Senior Vice President – CFO-Elect | $ | 415,000 | ||
| George Conrades Executive Chairman | $ | 70,000 | 1 | |
| Melanie Haratunian Senior Vice President and General Counsel | $ | 325,000 | ||
| Robert Hughes Executive Vice President – Global Sales, Services and Marketing | $ | 415,000 | ||
| Tom Leighton Chief Scientist | $ | 20,000 | ||
| 1 | Reflects cash compensation for serving as Executive Chairman of the Board of Directors |
