2016 Named Executive Officer Compensation Schedule for Lisa D. Earnhardt, Jeryl L. Hilleman, and Richard E. Kaufman

Contract Categories: Human Resources › Compensation Agreements
Summary

This document outlines the 2016 compensation terms for three executive officers: Lisa D. Earnhardt (President and CEO), Jeryl L. Hilleman (CFO), and Richard E. Kaufman (SVP and COO). It specifies their annual base salaries, target performance bonuses as a percentage of salary, and the number of stock options granted. Bonuses are awarded at the Compensation Committee's discretion based on company performance, and stock options vest monthly over four years starting January 1, 2016.

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EX-10.1 2 d104763dex101.htm EX-10.1 EX-10.1

Exhibit 10.1

2016 Named Executive Officer Compensation

 

Name Executive Officers

    Base Salary
(Annual Rate) (1)		      Target Performance
Bonus
(% of Base Salary) (2)		   Options
Granted (3)		  

Lisa D. Earnhardt

    $ 525,000       75%     225,000   

President and Chief

        

Executive Officer

        

Jeryl L. Hilleman

    $ 355,500       40%     75,000   

Chief Financial Officer

        

Richard E. Kaufman

    $ 331,300       35%     50,000   

Senior Vice President and

        

Chief Operating Officer

        

 

(1) Effective January 1, 2016.
(2) The actual bonus to be awarded will be at the Compensation Committee’s discretion based on the Company’s performance against specified corporate milestones as determined by the Compensation Committee.
(3) Granted by the Compensation Committee on January 15, 2016. The exercise price per share of such option grant is $18.90, the closing price of the Company’s common stock on the NASDAQ Global Market on the date of grant. The shares subject to each option vest commencing January 1, 2016 in equal monthly installments over four years.