2007 Executive Compensation Summary for Kosan Biosciences Officers
This document outlines the 2007 annual base salaries and target cash bonuses for Kosan Biosciences Incorporated's President and CEO, Robert G. Johnson, Jr., and Senior Vice President and CFO, Gary S. Titus. The compensation includes a base salary and a target bonus based on achieving corporate and individual performance goals, with actual bonuses subject to adjustment by the Compensation Committee based on performance.
Exhibit 10.45
COMPENSATION INFORMATION FOR CERTAIN OFFICERS
The table below provides information regarding the 2007 annual base salary and 2007 target cash bonus of the principal executive officer and principal financial officer of Kosan Biosciences Incorporated*.
| Executive Officer | 2007 Annual Base Salary | 2007 Target Cash Bonus** | ||||
| Robert G. Johnson, Jr., M.D., Ph.D., President and Chief Executive Officer | $ | 416,000 | 45 | % | ||
| Gary S. Titus, Senior Vice President and Chief Financial Officer | $ | 312,000 | 35 | % | ||
| * | This table includes all of the named executive officers (as defined under applicable securities laws) of Kosan Biosciences Incorporated |
| ** | Target cash bonus is based on 100% achievement of corporate and, if applicable, individual objectives. Actual bonus payments may represent a higher or lower percentage of the officer’s 2007 annual base salary, depending on the extent to which actual performance meets, exceeds or falls short of the specified corporate objectives and applicable individual performance objectives, as determined by the Compensation Committee in its discretion. |
