Base Salary Schedule for Named Executive Officers of the Company
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Summary
This document lists the annual base salaries for the company's top executives, including the President and CEO, Chief Scientific Officer, Chief Financial Officer, Chief Medical Officer, and General Counsel. The salaries are effective as of March 31, 2010 for the CEO and CSO, and December 1, 2009 for the other executives. It serves as a formal record of compensation for these officers.
EX-10.23 2 y88343exv10w23.htm EX-10.23 exv10w23
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 | $ | 450,000 | ||
Solomon S. Steiner Chief Scientific Officer | $ | 400,000 | ||
Gerard J. Michel Chief Financial Officer, Vice President Corporate Development and Treasurer | $ | 317,000 | ||
Alan Krasnser Chief Medical Officer | $ | 312,000 | ||
Paul Bavier General Counsel and Secretary | $ | 210,000 | ||
| (1) | Base salaries effective March 31, 2010 for CEO and CSO, and December 1, 2009 for other named executive officers. |
