Avigen Executive Officer Cash Compensation Arrangements as of March 15, 2009
This document outlines the annual salaries for Avigen's named executive officers as of March 15, 2009, listing each officer's name, position, and salary. It also notes that the Compensation Committee has not yet set target bonuses or performance criteria for 2009. The agreement is primarily informational, detailing compensation arrangements for the company's top executives.
Exhibit 10.17
EXECUTIVE OFFICER CASH COMPENSATION ARRANGEMENTS
Annual salaries for Avigen’s “named executive officers” are, as of March 15, 2009, as follows:
| Name | Position | Salary | |||
| Kenneth Chahine, J.D., Ph.D. | President, Chief Executive | $ | 443,251 | ||
| Officer and Director | |||||
| Michael Coffee | Chief Business Officer | $ | 313,903 | ||
| Kirk Johnson, Ph.D. | Vice President, Research and | $ | 278,528 | ||
| Development | |||||
| Andrew Sauter | Chief Financial Officer | $ | 267,931 | ||
| M. Christina Thomson, J.D. | Vice President, General | $ | 267,931 | ||
| Counsel and Secretary | |||||
The Compensation Committee has not yet established target bonuses for 2009, nor has it established criteria for corporate and individual performance objectives that are intended to be used to determine actual bonuses to be paid for serviced rendered in 2009.
