2008 Executive Officer Base Salary and Target Bonus Schedule
This document outlines the 2008 base salaries and target bonus percentages for key executive officers of the company, including the Chairman, President, and other senior executives. The base salaries are retroactive to January 1, 2008, and each executive has a specified target bonus as a percentage of their base salary, which can be exceeded by up to 20% for exceptional performance. The agreement sets out the compensation structure for these executives for the year 2008.
Exhibit 10.1
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| 2008 Target Bonus |
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| Henry E. Blair |
| $ | 650,000 |
| 45.0 | % |
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| Gustav A. Christensen |
| $ | 375,000 |
| 40.0 | % |
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| Stephen S. Galliker |
| $ | 301,479 |
| 37.5 | % |
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| Ivana Magovcevic-Liebisch, Ph.D., J.D. |
| $ | 355,000 |
| 37.5 | % |
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| Clive R. Wood, Ph.D. |
| $ | 355,000 |
| 37.5 | % |
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(1) These base salaries were made retroactive to January 1, 2008.
(2) 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.
