Alseres Pharmaceuticals Executive Officer Compensation Summary (2008-2009)

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Summary

This document outlines the compensation details for Alseres Pharmaceuticals, Inc.'s executive officers, including Peter G. Savas, Mark J. Pykett, and Kenneth L. Rice, Jr. For 2008, no incentive compensation was awarded. The compensation committee approved new annual base salaries for 2009, effective January 1, 2009: $401,625 for Mr. Savas, $303,450 for Mr. Pykett, and $267,750 for Mr. Rice. The summary sets forth the company's decisions regarding executive pay for the specified period.

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EX-10.38 4 b73475apexv10w38.htm EX-10.38 EXECUTIVE OFFICER COMPENSATION SUMMARY exv10w38
Exhibit 10.38
Executive Officer Compensation Summary
Alseres Pharmaceuticals, Inc.’s (the “Company’s”) executive officers consist of: (i) Peter G. Savas, Chairman and Chief Executive Officer; (ii) Mark J. Pykett, President and Chief Operating Officer; and (iii) Kenneth L. Rice, Jr., Executive Vice President, Finance and Administration, Chief Financial Officer and Secretary.
2008 Incentive Compensation and 2009 Annual Base Salary: In January 2009, the compensation committee of the board of directors approved the following 2008 incentive compensation amounts for the executive officers and the following new base salaries for 2009, effective January 1, 2009:
                 
    2008 Incentive   2009 Annual
    Compensation   Base Salary
Mr. Savas
   $ —     $ 401,625  
Mr. Pykett
   $ —     $ 303,450  
Mr. Rice
   $ —     $ 267,750