Description of Annual Base Salaries for Named Executive Officers of Gensym Corporation (2005)
This document lists the annual base salaries for Gensym Corporation's named executive officers as of March 30, 2005. It specifies the salary amounts for the President and CEO, Chairman and CTO, Vice President of Finance and CFO, Vice President of Operations, and Vice President of Engineering. It also notes that the President/CEO and Chairman/CTO receive no extra compensation for their roles as directors. The agreement is informational and outlines compensation terms for key executives.
Exhibit 10.20
GENSYM CORPORATION
Annual Salaries of Named Executive Officers
As of March 30, 2005, the following are the base salaries (on an annual basis) of the Company’s named executive officers:
| Name and Title | 2005 Annual Base Salary | ||
| Kim Mayyasi President and Chief Executive Officer | $ | 275,000 | |
| Lowell B. Hawkinson Chairman and Chief Technology Officer | $ | 180,000 | |
| Stephen D. Allison Vice President, Finance and Chief Financial Officer | $ | 180,000 | |
| Carl D. Schultz Vice President, Operations | $ | 130,000 | |
| Philippe C. Printz Vice President, Engineering | $ | 140,000 | |
Messrs. Mayyasi and Hawkinson serve as directors of the Company, but receive no additional or special compensation for serving as directors.
