Base Salary Schedule for Named Executive Officers Effective October 1, 2013

Summary

This document lists the annual base salaries for the company's named executive officers, effective October 1, 2013. It identifies each officer by name and title, and specifies their respective base salary amounts. The agreement is informational and outlines the compensation terms for the President and CEO, CFO, Chief Medical Officer, General Counsel, and VP of Operations. There are no additional obligations or conditions specified beyond the stated salaries.

EX-10.23 3 d30729_ex10-23.htm EX-10.23

Exhibit 10.23


BASE SALARIES OF NAMED EXECUTIVE OFFICERS OF THE REGISTRANT

The following are the base salaries (on an annual basis) of the named executive officers of the Company:

                 
  Name and Title           Base
Salary(1)
 
  Errol De Souza
President and Chief Executive Officer
        $ 491,730  
  Gerard J. Michel
Chief Financial Officer, Vice President Corporate Development and Treasurer
        $ 344,000  
  Alan Krasner
Chief Medical Officer
        $ 340,000  
  Paul Bavier
General Counsel, Chief Compliance Officer and Secretary
        $ 260,000  
  Erik Steiner
Vice President, Operations
        $ 222,000  

____________

(1) Base salaries effective October 1, 2013.