2005 Executive Officer Base Salary and Bonus Compensation Schedule

Contract Categories: Human Resources › Bonus & Incentive Agreements
Summary

This document outlines the 2004 bonus payments, 2005 base salaries, and 2005 target bonus percentages for several executive officers of the company, including the President and CEO, CFO, and other senior executives. It specifies each executive's base salary, target bonus as a percentage of salary, and notes that bonuses can exceed the target by up to 20% for exceptional performance. The agreement sets clear compensation terms for the named executives for the year 2005.

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EX-10.1 2 a05-3337_1ex10d1.htm EX-10.1

Exhibit 10.1

 

Executive Officer

 

2004 Bonus

 

2005 Base Salary

 

2005 Target Bonus
(% of Base Salary)(1)

 

 

 

 

 

 

 

 

 

 

 

Henry E. Blair
President and Chief Executive Officer

 

$

102,300

 

$

500,000

 

40%

 

Stephen S. Galliker
Executive Vice President, Finance and
Administration, and Chief Financial
Officer

 

$

74,597

 

$

280,081

 

35%

 

Ivana Magovcevic, Ph.D., J.D.
Senior Vice President Legal Affairs,
Chief Patent Counsel and Asst. Secretary

 

$

59,125

 

$

281,875

 

30%

 

Clive R. Wood, Ph.D.
Senior Vice President Discovery Research
and Chief Science Officer

 

$

56,875

 

$

275,000

 

30%

 

Lynn G. Baird, Ph.D.
Senior Vice President, Development

 

$

51,638

 

$

261,375

 

28%

 

 

(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.

 

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