Athersys, Inc. 2022 Cash Bonus Incentive Plan Summary for Executive Officers
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Summary
Athersys, Inc. established a 2022 cash bonus incentive plan for its executive officers, including the CEO, President & COO, EVP & Chief Scientific Officer, and CFO. The plan covers the period from January 1 to December 31, 2022, and sets target bonus percentages of each officer's salary, with payouts based on achieving specific corporate goals such as advancing clinical programs, manufacturing development, and meeting operational and capital objectives. Bonuses are only awarded if these goals are met. There is no formal written plan document for this incentive program.
EX-10.27 2 ex1027-20221231.htm EX-10.27 Document
EXHIBIT 10.27
SUMMARY OF ATHERSYS, INC.
2022 CASH BONUS INCENTIVE PLAN
On March 5, 2022, the Board of Directors of Athersys, Inc. (“the Company”), based upon the recommendation of the Compensation Committee of the Board of Directors of the Company, approved a cash bonus incentive plan (the “Plan”) for the year ending December 31, 2022 for the named executive officers of the Company. The Plan provides that each participant is eligible to earn a bonus during the award term of January 1, 2022 through December 31, 2022. The Plan provides for the following target bonus percentages of the named executive officer’s salary during the award term, payout being solely based on the achievement of specified corporate goals. The corporate goals include advancing the Company’s clinical programs for MultiStem and manufacturing process development initiatives, executing against the established operating plan and capital acquisition objectives. There is no formally adopted plan document for the Plan.
| Title | Target Bonus | |||||||
| Chief Executive Officer | 60 | % | ||||||
| President & Chief Operating Officer | 45 | % | ||||||
| Executive Vice President & Chief Scientific Officer | 45 | % | ||||||
| Chief Financial Officer | 40 | % | ||||||
