2016 Named Executive Officer Compensation
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. |
