Allos Therapeutics Executive Compensation and Equity Awards Approval (2012)
Allos Therapeutics, Inc.'s Compensation Committee approved 2011 cash bonuses, 2012 base salaries, and target bonus percentages for its named executive officers. The Committee also granted restricted stock units under the company's 2008 Equity Incentive Plan. The Chief Executive Officer's compensation was reviewed and approved by the full Board of Directors. This agreement outlines the compensation structure and equity awards for key executives for the 2012 fiscal year.
Exhibit 10.1
Executive Compensation and Equity Awards
At a meeting of the Compensation Committee of the Board of Directors of Allos Therapeutics, Inc. (the “Company”) held on February 28, 2012, the Compensation Committee (a) determined and approved 2011 cash bonus awards and 2012 base salaries and target bonus awards (expressed as a percentage of base salary) for the Company’s “named executive officers” (as defined in Item 402(a)(3) of Regulation S-K promulgated by the Securities and Exchange Commission), and (b) granted restricted stock units to the Company’s named executive officers pursuant to the Company’s 2008 Equity Incentive Plan, as amended, as set forth in the table below. The 2011 cash bonus award and 2012 target bonus award for the Company’s Chief Executive Officer were reviewed and approved by the full Board of Directors of the Company at a meeting held on February 28, 2012 and February 29, 2012.
| Name and Title |
| 2011 |
| 2012 |
| 2012 |
| Restricted |
| ||
| Paul L. Berns |
| $ | 380,674 |
| $ | 580,663 |
| 75 | % | 573,506 |
|
| David C. Clark |
| $ | 73,607 |
| $ | 269,391 |
| 30 | % | 99,779 |
|
| Bruce A. Goldsmith |
| $ | 159,181 |
| $ | 333,638 |
| 50 | % | 179,727 |
|
| Marc H. Graboyes |
| $ | 171,286 |
| $ | 357,205 |
| 50 | % | 222,266 |
|
| Charles Q. Morris |
| $ | 202,626 |
| $ | 443,415 |
| 50 | % | 241,848 |
|
