2006 Executive Officer Compensation Schedule for Dyax Corp.

Contract Categories: Human Resources › Bonus & Incentive Agreements
Summary

This document outlines the 2005 bonuses, 2006 base salaries, and 2006 target bonus percentages for Dyax Corp.'s executive officers, including the CEO, President/COO, CFO, Chief Scientific Officer, and General Counsel. It specifies each executive's compensation details and notes that target bonuses can be exceeded by up to 20% for exceptional performance. The agreement also clarifies that one executive's 2005 bonus is pro-rated based on their service period.

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EX-10.1 2 a06-5851_1ex10d1.htm MATERIAL CONTRACTS

Exhibit 10.1

 

 

 

2005 Bonus

 

2006 Base Salary

 

2006 Target Bonus
(% of Base Salary)(1)

 

Executive Officer

 

 

 

 

 

 

 

Henry E. Blair
Chief Executive Officer

 

$

170,000

 

$

500,000

 

45.0

%

 

 

 

 

 

 

 

 

 

 

Thomas R. Beck, M.D.
President and Chief Operating Officer

 

$

59,500

(2)

$

340,000

 

42.5

%

 

 

 

 

 

 

 

 

 

 

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

 

$

93,617

 

$

291,870

 

37.5

%

 

 

 

 

 

 

 

 

 

 

Clive R. Wood, Ph.D.
Executive Vice President Discovery Research and Chief Scientific Officer

 

$

76,312

 

$

300,000

 

35.0

%

 

 

 

 

 

 

 

 

 

 

Ivana Magovcevic - Liebisch, Ph.D., J.D.
General Counsel and Executive Vice President, Corporate Communications

 

$

81,180

 

$

291,870

 

35.0

%

 

(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.

 

(2)  Reflects pro-rated bonus for Dr.Beck’s services as Dyax’s Executive Vice President, Business and Product Development from June to December 2005.

 

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