Summary Cash Compensation Sheet for Caliper Executive Officers (2004–2005)
This document lists the cash compensation for several executive officers of Caliper for 2004 and 2005, including their titles, 2004 bonuses, and 2005 salaries. It also notes that Thomas T. Higgins, who joined as Executive Vice President and Chief Financial Officer in January 2005, has a set annual salary of $260,000 and did not receive a 2004 bonus. The sheet provides a transparent overview of executive pay for the specified years.
Exhibit 10.20
Summary Cash Compensation Sheet
| Name | Title | 2004 Bonus | 2005 Salary | |||||||
E. Kevin Hrusovsky | President and Chief Executive Officer | $ | 418,000 | $ | 400,000 | |||||
Stephen E. Creager | Vice President and General Counsel | $ | 69,300 | $ | 221,000 | |||||
Peter McAree | Vice President, Finance | $ | 76,877 | $ | 173,000 | |||||
Will Kruka | Vice President, Business Development | $ | 81,576 | $ | 215,000 | |||||
Andrea Chow | Vice President, Microfluidics R&D | $ | 57,475 | $ | 200,000 | |||||
As previously disclosed on a Report of Form 8-K filed on December 14, 2004, the annual salary for Thomas T. Higgins, Executive Vice President and Chief Financial Officer of Caliper, who commenced employment with Caliper on January 10, 2005, was previously established by the Board at $260,000. Because his employment commenced with Caliper after the beginning of the year, Mr. Higgins was not paid a bonus for 2004.
