2011 Named Executive Officer Compensation Schedule for Cerus Corporation

Contract Categories: Human Resources › Compensation Agreements
Summary

This document outlines the 2011 base salaries and target bonus percentages for key executives at Cerus Corporation. William M. Greenman and Claes Glassell are listed as President and CEO, with Greenman appointed to the role after Glassell's resignation on April 18, 2011. Laurence M. Corash, M.D., is listed as Senior Vice President and Chief Medical Officer. The agreement specifies effective dates for salary changes and bonus targets, reflecting executive compensation terms for the year.

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EX-10.39 3 dex1039.htm 2011 NAMED EXECUTIVE OFFICER COMPENSATION 2011 Named Executive Officer Compensation

Exhibit 10.39

2011 NAMED EXECUTIVE OFFICER COMPENSATION

 

Name

    2011 Base Salary(1)      Target Bonus
(as a %  of 2011
Annual Base Salary)		  

William M. Greenman(2)

President and Chief Executive Officer

    $ 415,000         60 % 

Claes Glassell(2)

President and Chief Executive Officer

    $ 500,000         60 % 

Laurence M. Corash, M.D.

Senior Vice President and Chief Medical Officer

    $ 378,750         35 % 

 

(1) Effective March 1, 2011.
(2) Effective April 18, 2011, Mr. Glassell resigned as, and Mr. Greenman was appointed, President and Chief Executive Officer of Cerus Corporation (the “Company”). In connection with his appointment as President and Chief Executive Officer, Mr. Greenman’s annual base salary was increased from $321,360 and his target bonus percentage was increased from 35%. For more information regarding Mr. Glassell’s resignation and Mr. Greenman’s appointment, please see the Company’s Current Report on Form 8-K, filed with the Securities and Exchange Commission on April 20, 2011.