Salary Amendment Agreement for Executive Officers (2005)

Contract Categories: Human Resources › Compensation Agreements
Summary

This agreement outlines amendments to the annual base salaries of three executive officers—Brian A. Markison (President and CEO), Stephen J. Andrzejewski (Chief Commercial Officer), and Frederick Brouillette, Jr. (Corporate Compliance Officer). Effective August 1, 2005, each officer's base salary is increased for the 2005 year compared to 2004. The document specifies the new salary amounts for each executive and the effective date of the changes.

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EX-10.7 7 g96240exv10w7.txt EX-10.7 SALARY AMENDMENTS TO EMPLOYMENT ARRANGEMENTS WITH CERTAIN EXECUTIVE OFFICERS EXHIBIT 10.7 SALARY AMENDMENTS FOR CERTAIN EXECUTIVE OFFICERS NAME AND TITLE OF 2004 ANNUAL 2005 ANNUAL EFFECTIVE EXECUTIVE OFFICER BASE SALARY BASE SALARY DATE - -------------------------------------------------------------------------------- Brian A. Markison, $750,000 $825,000 8/1/2005 President and Chief Executive Officer - -------------------------------------------------------------------------------- Stephen J. Andrzejewski, $340,008 $380,000 8/1/2005 Chief Commercial Officer - -------------------------------------------------------------------------------- Frederick Brouillette, Jr., $236,250 $296,000 8/1/2005 Corporate Compliance Officer - --------------------------------------------------------------------------------