2011 and 2012 Executive Officer Compensation Arrangements

EX-10.36 7 d265040dex1036.htm 2011 AND 2012 EXECUTIVE OFFICER COMPENSATION ARRANGEMENTS 2011 and 2012 Executive Officer Compensation Arrangements

Exhibit 10.36

2011 and 2012 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

    2011
Annual Base
Salary (1)		      2011
Targeted Bonus
(as a % of 2011
Annual Base
Salary)		     2012
Annual Base
Salary (2)		      2012
Targeted Bonus
(as a % of 2012
Annual Base
Salary)		  

Claes Glassell(3)

Former President and Chief Executive Officer

    $ 500,000         60 %      —           —     

William M. Greenman(4)

President and Chief Executive Officer

    $ 415,000         60 %    $ 475,000         60 % 

Laurence M. Corash, M.D.

Senior Vice President, Chief Scientific Officer

    $ 378,755         35 %    $ 390,113         35 % 

Howard G. Ervin

Vice President, Legal Affairs and Chief Legal Officer

    $ 317,761         35 %    $ 327,295         35 % 

Kevin D. Green

Vice President, Finance and Chief Accounting Officer

    $ 242,000         35 %    $ 263,780         35 % 

Caspar Hogeboom(5)

President, Cerus Europe B.V. (6)

    $ 286,834         35 %    $ 290,936         35 % 

 

(1) Annual base salary was effective March 1, 2011, except for Mr. Greenman, as discussed in footnote 4 below.
(2) Annual base salary was effective March 1, 2012.
(3) Mr. Glassell resigned as President and Chief Executive Officer effective April 18, 2011.
(4) Mr. Greenman became President and Chief Executive Officer effective April 18, 2011. Prior to his role as President and Chief Executive Officer, Mr. Greenman served as the Company’s Senior Vice President, Business Development & Marketing and Chief Business Officer, with an annual base salary of $321,360 and a target bonus percentage of 35%, effective March 1, 2011.
(5) Mr. Hogeboom’s annual base salary has been converted from Euros to United States dollar. Mr. Hogeboom’s 2011 annual base salary of €206,000 has been converted from Euros to United States dollar by applying an average exchange rate of €1 to $1.3924 for the year ended December 31, 2011. Mr. Hogeboom’s 2012 annual base salary of €224,540 has been converted from Euros to United States dollar using the exchange rate of €1 to $1.2957, which was the exchange rate in effect on December 31, 2011.
(6) Mr. Hogeboom’s title changed from General Manager, Cerus Europe to President, Cerus Europe B.V., effective March 1, 2012.