2008 Akorn Management Bonus Objectives Agreement for Executive Officers

Summary

This agreement outlines the 2008 management bonus objectives for several Akorn, Inc. executive officers, including the President & CEO, SVP Finance & CFO, SVP New Business Development, SVP Global Quality Assurance & Regulatory Compliance, and SVP National Accounts & Trade Relations. Each executive is eligible for a bonus based on a percentage of their base compensation, contingent on meeting specific confidential performance objectives. The agreement specifies the maximum bonus amounts and the criteria for earning them, with all sensitive details filed separately with the SEC.

EX-10.1 2 c26063exv10w1.htm 2008 MANAGEMENT BONUS OBJECTIVES exv10w1  

Exhibit 10.1
*Confidential Treatment Requested Under
17 C.F.R. §§ 200.80(b)(4) and 240.24b-2
2008 AKORN MBO’S: ART PRZYBYL
PRESIDENT & CEO
Up to $330,000 (75% of Base Comp)
             
    Objective   Target   Percentage of Possible Bonus
     
1.
  [***...***]   [***...***]   [***...***]
2.
  [***...***]   [***...***]   [***...***]
3.
  [***...***]   [***...***]   [***...***]
4.
  [***...***]       [***...***]
5.
  [***...***]       [***...***]
6.
  [***...***]       [***...***]
7.
  [***...***]       [***...***]
 
*   CONFIDENTIAL TREATMENT REQUESTED — This language has been omitted and filed separately with the Securities and Exchange Commission.

 


 

*Confidential Treatment Requested Under
17 C.F.R. §§ 200.80(b)(4) and 240.24b-2
2008 AKORN MBO’S: JEFF WHITNELL
SVP FINANCE & CFO
Up to $123,750 (45% of Base Comp)
             
    Objective   Target   Percentage of Possible Bonus
     
1.
  [***...***]   [***...***]   [***...***]
2.
  [***...***]   [***...***]   [***...***]
3.
  [***...***]   [***...***]   [***...***]
4.
  [***...***]       [***...***]
5
  [***...***]       [***...***]
6
  [***...***]       [***...***]
7.
  [***...***]       [***...***]
 
*   CONFIDENTIAL TREATMENT REQUESTED — This language has been omitted and filed separately with the Securities and Exchange Commission.

 


 

*Confidential Treatment Requested Under
17 C.F.R. §§ 200.80(b)(4) and 240.24b-2
2008 AKORN MBO’S: ABU ALAM,
SVP NEW BUSINESS DEVELOPMENT
Up to $64,103 (30% of Base Comp)
             
    Objective   Target   Percentage of Possible Bonus
     
1.
  [***...***]   [***...***]   [***...***]
2.
  [***...***]   [***...***]   [***...***]
3.
  [***...***]   [***...***]   [***...***]
4.
  [***...***]       [***...***]
5.
  [***...***]       [***...***]
6.
  [***...***]       [***...***]
7.
  [***...***]       [***...***]
 
*   CONFIDENTIAL TREATMENT REQUESTED — This language has been omitted and filed separately with the Securities and Exchange Commission.

 


 

*Confidential Treatment Requested Under
17 C.F.R. §§ 200.80(b)(4) and 240.24b-2
2008 AKORN MBO’S: MARK SILVERBERG
SVP GLOBAL QUALITY ASSURANCE & REGULATORY COMPLIANCE
Up to $70,950 (30% of Base Comp)
             
    Objective   Target   Percentage of Possible Bonus
     
1.
  [***...***]   [***...***]   [***...***]
2.
  [***...***]   [***...***]   [***...***]
3.
  [***...***]   [***...***]   [***...***]
4.
  [***...***]       [***...***]
5.
  [***...***]       [***...***]
6.
  [***...***]       [***...***]
7.
  [***...***]       [***...***]
 
  [***...***]       [***...***]
 
*   CONFIDENTIAL TREATMENT REQUESTED — This language has been omitted and filed separately with the Securities and Exchange Commission.

 


 

*Confidential Treatment Requested Under
17 C.F.R. §§ 200.80(b)(4) and 240.24b-2
2008 AKORN MBO’S: JOHN SABAT
SVP NATIONAL ACCOUNTS & TRADE RELATIONS
Up to $64,103 (30% of Base Comp)
             
    Objective   Target   Percentage of Possible Bonus
     
1.
  [***...***]   [***...***]   [***...***]
2.
  [***...***]   [***...***]   [***...***]
3.
  [***...***]   [***...***]   [***...***]
4.
  [***...***]       [***...***]
5.
  [***...***]       [***...***]
6.
  [***...***]       [***...***]
7.
  [***...***]       [***...***]
 
*   CONFIDENTIAL TREATMENT REQUESTED — This language has been omitted and filed separately with the Securities and Exchange Commission.