Improved Standard of Care. We believe that there is a significant unmet need in the severe asthma population. When combined with existing asthma medications, we believe that Bronchial Thermoplasty has the potential to offer adult severe asthma patients a substantially improved quality of life by reducing asthma symptoms

EX-10.5 13 f21616orexv10w5.htm EXHIBIT 10.5 exv10w5

Exhibit 10.5

2006 Bonus Plan

Objectives

	o		Create company-wide focus on highest priority goals.

	o		Reward employees for achieving value-creating milestones.

	o		Attracting and retaining the best talent in the industry.

Eligibility

	o		All full-time Asthmatx employees are eligible to participate.

	o		Part-time Asthmatx employees may be eligible to participate on pro-rata case-by-case basis.

	o		Payout will be prorated for months of service in 2006, and/or when a goal is accomplished relative to an employee’s start date.

Potential Cash and Option/Equity Payout


Potential Cash
a.	Hourly	5% of base annualized wage
b.	Exempt	15% of base annualized salary
c.	Vice Presidents	22.5% of base annualized salary
d.	CEO	30% of base annualized salary

Option/Equity Potential

In the past, the Bonus Program has included an option/equity component. Due to market-based equity adjustments outlined late in this plan, there will be no option/equity component in the 2006 Bonus Program.

2006 Bonus Goals

To be accomplished by 12/31/06. Maximum bonus payout is 100% of Potential Cash.


1.	Randomization of 150^th study subject	30	%

2.	Randomization of 225^th study subject	30	%

3.	Randomization of >225 study subjects = 0.267% per subject up to 300 total subjects	20	%

4.	Complete all Alair^® process validations necessary to release the product for commercialization or expanded use	20	%


	Sub-total	100	%