Cerus Corporation 2015 and 2016 Executive Officer Compensation Arrangements
Cerus Corporation established compensation arrangements for its executive officers for 2015 and 2016, specifying annual base salaries and target bonus percentages for each year. The agreement lists the names, positions, base salaries effective March 1 of each year, and the target bonus as a percentage of the prior year's base salary. This arrangement outlines the company's compensation structure for its top executives, including the CEO, CFO, and other senior officers.
Exhibit 10.2
2015 and 2016 Executive Officer Compensation Arrangements
The compensation for the executive officers of Cerus Corporation regarding annual base salaries and target bonus percentages were as follows:
| Name | 2015 Annual Base Salary (1) | 2015 Targeted Bonus (as a % of 2014 Annual Base Salary) | 2016 Annual Base Salary (1) | 2016 Targeted Bonus (as a % of 2015 Annual Base Salary) | ||||||||||||
| William M. Greenman President and Chief Executive Officer | $ | 560,000 | 60 | % | $ | 580,000 | 60 | % | ||||||||
| Laurence M. Corash, M.D. Senior Vice President, Chief Scientific Officer | $ | 410,000 | 40 | % | $ | 414,100 | 40 | % | ||||||||
| Carol Moore Senior Vice President, Regulatory Affairs, Quality and Clinical | $ | 336,190 | 40 | % | $ | 339,552 | 40 | % | ||||||||
| Chrystal N. Menard Chief Legal Officer and General Counsel | $ | 330,000 | 40 | % | $ | 343,200 | 40 | % | ||||||||
| Kevin D. Green Vice President, Finance and Chief Financial Officer | $ | 340,000 | 40 | % | $ | 353,600 | 40 | % | ||||||||
| Richard J. Benjamin MBChB, PhD, FRCPath Chief Medical Officer | $ | 380,000 | 40 | % | $ | 385,700 | 40 | % | ||||||||
| (1) | Annual base salary was effective March 1. |
