Executive Officer Compensation Schedule for 2010 – Target Bonuses and Base Salaries
This document outlines the 2009 bonuses, 2010 base salaries, and 2010 target bonus percentages for four executive officers: Gustav A. Christensen, Ivana Magovcevic-Liebisch, George Migausky, and William E. Pullman. The base salaries are retroactive to January 1, 2010. The Compensation Committee retains full discretion to determine the actual annual bonus amounts, regardless of the target percentages listed.
Exhibit 10.1
| Executive Officer | 2009 Bonus | 2010 Base Salary1 | 2010 Target Bonus (% of Base Salary)2 | |||
| Gustav A. Christensen | $350,000 | $550,000 | 50.0% | |||
| President and Chief Executive Officer | ||||||
| Ivana Magovcevic-Liebisch, Ph.D., J.D. | $191,966 | $376,620 | 37.5% | |||
| Executive Vice President Corporate Development and General Counsel | ||||||
| George Migausky | $175,744 | $344,793 | 37.5% | |||
| Executive Vice President and Chief Financial Officer | ||||||
| William E. Pullman, M.D., Ph.D. | $175,744 | $344,793 | 37.5% | |||
| Executive Vice President and Chief Development Officer |
| 1 These base salaries were made retroactive to January 1, 2010. |
| 2 The Compensation Committee has reserved to itself full discretion to determine the actual amount of each executive officer’s annual bonus, notwithstanding the target bonus amounts set by the committee in the first quarter of the year. |
