2009 Executive Officer Base Salary and Target Bonus Schedule for Top Management

Contract Categories: Human Resources › Compensation Agreements
Summary

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.

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EX-10.1 2 a5897920ex10-1.htm EXHIBIT 10.1

Exhibit 10.1

Executive Officer

 

2009 Base Salary1

 

2009 Target Bonus
(% of Base Salary)2

 

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
Administration and General Counsel

 

 

George Migausky

 

$334,750

 

37.5%

Executive Vice President, Finance
and Chief Financial Officer

 

William E. Pullman, M.D., Ph.D.

$334,750

37.5%

Executive Vice President and Chief
Development Officer

 

 

 

 

 

Clive R. Wood, Ph.D.

$365,650

37.5%

Executive Vice President, Discovery
Research and Chief Scientific Officer

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.