2007 Executive Officer Base Salary and Target Bonus Schedule

Summary

This document outlines the 2007 base salaries and target bonus percentages for key executive officers of the company, including the Chairman and CEO, President and COO, CFO, General Counsel, and Chief Scientific Officer. The base salaries are retroactive to January 1, 2007. Each executive is eligible for a target bonus, expressed as a percentage of their base salary, which can be exceeded by up to 20% for exceptional performance.

EX-10.1 2 a07-5214_1ex10d1.htm EX-10.1

Exhibit 10.1

Executive Officer	2007 Base Salary(1)		2007 Target Bonus (% of Base Salary)(2)
Henry E. Blair Chairman and Chief Executive Officer	$	525,000	45.0	%
Thomas R. Beck, M.D. President and Chief Operating Officer	$	353,600	42.5	%
Stephen S. Galliker Executive Vice President, Finance and Administration, and Chief Financial Officer	$	301,479	37.5	%
Ivana Magovcevic-Liebisch, Ph.D., J.D. General Counsel and Executive Vice President, Corporate Communications	$	318,138	37.5	%
Clive R. Wood, Ph.D. Executive Vice President Discovery Research and Chief Scientific Officer	$	321,000	37.5	%

(1) These base salaries were made retroactive to January 1, 2007.

(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.