Bentley Pharmaceuticals, Inc.
Exhibit 10.1
Bentley Pharmaceuticals, Inc.
| Executive Officer |
| 2005 Base Salary |
| 2005 Target Bonus |
| 2005 Stock |
|
| James R. Murphy |
| $625,000 |
| 60% |
| 150,000 |
|
|
|
|
|
|
|
|
|
|
| Adolfo Herrera |
| €335,000 |
| 50% |
| 70,000 |
|
|
|
|
|
|
|
|
|
|
| Michael D. Price |
| $300,000 |
| 40% |
| 50,000 |
|
(1) The target bonus opportunity can be exceeded by up to 50% of the target for performance above target, or reduced down to 50% or even zero for performance below target. For example, an executive with a target bonus of 50% who has outstanding performance can receive a bonus of as much as 75% of base salary.
(2) 2005 stock option awards vest in three equal installments on each of the first three anniversaries of the date of grant.
