Harvard Bioscience, Inc. 2006 Executive Officer Compensation Arrangements
Harvard Bioscience, Inc. set the 2006 base salaries for its executive officers through verbal agreements, as approved by the Compensation Committee of its Board of Directors on August 9, 2006. The agreement lists the annual salaries for the CEO, President, CFO, COO, and COO of the Harvard Apparatus Business Unit. This arrangement outlines the compensation terms for these key executives for the year 2006.
EXHIBIT 10.2
Executive Officer Compensation Arrangements (2006 Salaries)
The following summarizes the compensation arrangements established between Harvard Bioscience, Inc. (the “Company”) and certain executive officers through verbal agreements.
On August 9, 2006, the Compensation Committee of the Board of Directors of the Company determined base salary levels for 2006 for certain executive officers of the Company. The base salary levels established for 2006 for these executive officers are as follows:
| Name | Title | 2006 Salary | |||
| Chane Graziano | Chief Executive Officer | $ | 486,000 | ||
| David Green | President | $ | 400,000 | ||
| Bryce Chicoyne | Chief Financial Officer | $ | 200,000 | ||
| Susan M. Luscinski | Chief Operating Officer | $ | 250,000 | ||
| Mark A. Norige | Chief Operating Officer, Harvard Apparatus Business Unit | $ | 190,000 | ||
