Executive Officer Compensation Disclosure for BioSphere Medical, Inc. (March 29, 2005)
This document outlines the annual salaries, bonuses, and other compensation for the executive officers of BioSphere Medical, Inc. as of March 29, 2005. It lists the compensation details for the President and CEO, Vice President and CFO, Vice President of Manufacturing, and Senior Vice President and General Manager. The document also notes that all executive officers are eligible to participate in the company's 1997 Stock Incentive Plan and any successor plans. Other compensation includes retirement plan contributions and taxable group life insurance benefits.
Exhibit 10.41
COMPENSATION OF EXECUTIVE OFFICERS OF BIOSPHERE MEDICAL, INC.
As of March 29, 2005, the following sets forth the compensation of the executive officers of BioSphere Medical, Inc. (“BioSphere”):
| Executive Officer |
| Current Annual |
| 2004 Bonus |
| Other |
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| Richard J. Faleschini |
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| President and Chief Executive Officer |
| $ | 300,000 |
| — |
| $ | 397 |
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| Martin J. Joyce |
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| Vice President and Chief Financial Officer |
| $ | 190,000 |
| — |
| — |
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| Peter C. Sutcliffe |
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| Vice President, Manufacturing |
| $ | 183,361 |
| — |
| $ | 3,596 |
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| Gary M. Saxton |
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| Senior Vice President and General Manager |
| $ | 223,000 |
| — |
| $ | 194 |
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(1) Represents the amounts of matching contributions made by BioSphere to the Retirement Savings Plan and the taxable portion of group life insurance.
In addition, each of BioSphere’s executive officers is eligible to participate in BioSphere’s 1997 Stock Incentive Plan and any successor plan.
