Compensation Disclosure for Named Executive Officers (2006 Fiscal Year)
This document provides compensation details for the company's top executives, including their base salaries for the 2006 fiscal year and bonuses paid for the 2005 fiscal year. The named officers are Leonard Bell, David W. Keiser, Stephen P. Squinto, Christopher Mojcik, and Thomas I.H. Dubin. The information outlines each executive's role, salary effective date, and bonus payment date. This disclosure is intended to inform shareholders and the public about executive pay practices.
EXHIBIT 10.1
| Named Executive Officer | 2006 Fiscal Year Base Salary (1) | 2005 Fiscal Year Bonus (2) | ||||
| Leonard Bell, M.D. | $ | 490,000 | $ | 275,000 | ||
| David W. Keiser | $ | 334,400 | $ | 140,000 | ||
| Stephen P. Squinto, Ph.D. | $ | 290,510 | $ | 107,000 | ||
| Christopher Mojcik, M.D., Ph.D. | $ | 281,105 | $ | 92,000 | ||
| Thomas I.H. Dubin, J.D. | $ | 265,360 | $ | 89,000 | ||
| (1) | Effective August 1, 2005. |
| (2) | Paid on August 5, 2005. |
