BEI Medical System Company, Inc. Transaction Bonus Plan for Officers

Contract Categories: Human Resources › Bonus & Incentive Agreements
Summary

This agreement outlines a bonus plan for certain officers of BEI Medical System Company, Inc. If an approved commercial transaction involving the company's HTA technology is completed, specified officers will receive set cash bonuses. The bonuses are payable immediately after the transaction closes. The officers and their respective bonus amounts are: Richard W. Turner ($100,000), Thomas W. Fry ($50,000), and Samuel Dickstein ($40,000).

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EX-10.46 6 gex10_46-28410.txt EX-10.46 DESCRIPTION OF TRANSACTION BONUS PLAN Upon the completion of an approved commercial transaction involving BEI Medical System Company, Inc.'s HTA(R) technology, the following officers of the Company will receive the following bonus amounts, payable immediately following the close of such transaction:
Name and Title Bonus Amount --------------------------------------------------------------------- ---------------- Richard W. Turner $100,000 President and Chief Executive Officer Thomas W. Fry $50,000 Vice President, Finance and Administration, Treasurer and Secretary Samuel Dickstein $40,000 Vice President, New Business Development and Technology