2009 Executive Officer Base Salary and Target Bonus Schedule for Top Management
This document outlines the 2009 base salaries and target bonus percentages for key executive officers of the company, including the President and CEO, Executive Vice Presidents, and other top management. The agreement specifies each executive's annual base salary, the percentage of base salary eligible as a target bonus, and notes that bonuses can exceed the target by up to 20% for exceptional performance. The base salaries are retroactive to January 5, 2009.
Exhibit 10.1
| Executive Officer | 2009 Base Salary1 | 2009 Target Bonus | ||
| Gustav A. Christensen | $500,000 | 50.0% | ||
| President and Chief Executive Officer | ||||
| Ivana Magovcevic-Liebisch, Ph.D., J.D. | $365,650 | 37.5% | ||
| Executive Vice President of |
| |||
| George Migausky |
| $334,750 |
| 37.5% |
| Executive Vice President, Finance | ||||
| William E. Pullman, M.D., Ph.D. | $334,750 | 37.5% | ||
| Executive Vice President and Chief | ||||
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| Clive R. Wood, Ph.D. | $365,650 | 37.5% | ||
| Executive Vice President, Discovery |
1 These base salaries were made retroactive to January 5, 2009.
1 The target bonus opportunity can be exceeded by up to 20% of the target for exceptional performance. For example, an executive with a target bonus of 30% who has outstanding performance can receive a bonus of as much as 36% of base salary.
