Executive Officer Compensation Schedule for 2012 – George A. Lopez, Alison D. Burcar, Richard A. Costello, Scott E. Lamb, Steven C. Riggs

Contract Categories: Human Resources › Compensation Agreements
Summary

This document outlines the annual base salaries for the company's executive officers as of January 1, 2012, listing each officer's name, title, and salary amount. It also notes that discretionary bonuses for the first and second halves of 2011 were approved by the Compensation Committee and previously disclosed in SEC filings. The agreement sets out compensation details but does not specify additional terms or conditions beyond salary and bonus approvals.

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EX-10.18 2 exhibit1018executiveoffice.htm EXECUTIVE OFFICER COMPENSATION Exhibit 10.18 Executive officer compensation


Exhibit 10.18

Executive Officer Compensation

The annual base salaries for our executive officers as of January 1, 2012 are as follows:

Name
 
Title
 
Annual Base
Salary
 
George A. Lopez, M.D.
 
Chairman of the Board, President and Chief Executive Officer
 
$
690,100

 
Alison D. Burcar
 
Vice President of Product Development
 
$
231,750

 
Richard A. Costello
 
Vice President of Sales
 
$
346,080

 
Scott E. Lamb
 
Chief Financial Officer
 
$
372,448

 
Steven C. Riggs
 
Vice President of Operations
 
$
339,900

 

2011 Discretionary Bonuses:

In July 2011, the Compensation Committee of the Board of Directors approved payment of bonuses to the above named officers for the first half of 2011, and in January 2012, the Compensation Committee approved bonuses to each of the above named officers for the second half of 2011. The amount of the bonuses for the first half of 2011 were previously reported in the Current Report on Form 8-K filed with the SEC on July 21, 2011, and the amount of the bonuses for the second half of 2011 were previously reported in the Current Report on Form 8-K filed with the SEC on February 2, 2012, each of which reports are incorporated herein by reference.