2007 Akorn Management Bonus Objectives Agreement for Executive Employees

Summary

This agreement outlines the 2007 management bonus objectives for several Akorn, Inc. executives, including Art Przybyl, Jeff Whitnell, Mark Silverberg, John Sabat, Jay Stern, and Abu Alam. Each executive is eligible for a bonus based on achieving specific performance objectives, with maximum bonus amounts set as a percentage of their base compensation. Additional overachievement bonuses are available if all objectives are fully met. The agreement specifies the bonus structure and conditions for payout, though detailed objectives are confidential and have been omitted from public disclosure.

EX-10.1 2 c14422exv10w1.htm 2007 MANAGEMENT BONUS OBJECTIVES exv10w1

*Confidential Treatment Requested Under
17 C.F.R. §§ 200.80(b)(4) and 240.24b-2

Exhibit 10.1

2007 Akorn MBO’s: Art Przybyl

Up to $330,000 (75% of Base Comp)


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Total	[...]

Over Achievement Bonus. If, and only if, all of the objectives (and the entire bonus) set forth above have been achieved in full, a bonus of up to $110,000 (25% of Base Comp) for over achievement of the [***...***] performance measures in accordance with the sum of the following:

-If Akorn’s [***...***] is at least [***...***], an additional $55,000 (12.5% of Base Comp); and

-If Akorn’s [***...***] is at least [***...***], an additional $55,000 (12.5% of Base Comp).

* 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

2007 Akorn MBO’s: Jeff Whitnell

Up to $123,750 (45% of Base Comp)


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Total	[...]

Over Achievement Bonus. If, and only if, all of the objectives (and the entire bonus) set forth above have been achieved in full, a bonus of up to $41,250 (15% of Base Comp) for over achievement of the [***...***] performance measures in accordance with the sum of the following:

-If Akorn’s [***...***] is at least [***...***], an additional $20,625 (7.5% of Base Comp); and

-If Akorn’s [***...***] is at least [***...***], an additional $20,625 (7.5% of Base Comp).

* 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

2007 Akorn MBO’s: Mark Silverberg

Up to $70,950 (30% of Base Comp)


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Total	[...]

* 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

2007 Akorn MBO’s: John Sabat

Up to $64,103 (30% of Base Comp)


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Total	[...]

* 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

2007 Akorn MBO’s: Jay Stern

Up to $52,800 (30% of Base Comp)


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Total	[...]

* 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

2007 Akorn MBO’s: Abu Alam

Up to $64,103 (30% of Base Comp)


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Total	[...]

* CONFIDENTIAL TREATMENT REQUESTED — This language has been omitted and filed separately with the Securities and Exchange Commission.


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Total	[...]


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