LeapFrog Enterprises 2006 Executive Officer Cash Bonus Arrangements
LeapFrog Enterprises, Inc. approved cash bonuses for three of its top executives based on their performance in 2006. The Compensation Committee awarded bonuses to Jeffrey G. Katz (CEO and President), William B. Chiasson (CFO), and Michael J. Dodd (Senior VP, Supply Chain and Operations) in early 2007. The bonuses were $65,000 for Katz, $61,000 for Chiasson, and $57,000 for Dodd. This arrangement outlines the amounts and approval dates for these executive bonuses.
Exhibit 10.02
Certain Compensation Arrangements with Named Executive Officers
The Compensation Committee of the Board of Directors of LeapFrog Enterprises, Inc. approved the payment of cash bonuses to the following named executive officers for their performance in 2006. The Compensation Committee approved the 2006 cash bonuses for Messrs. Chiasson and Dodd in February 2007 and approved Mr. Katz’s 2006 cash bonus in May 2007.
| Named Executive Officer and Title | 2006 Cash Bonus | ||
| Jeffrey G. Katz Chief Executive Officer and President | $ | 65,000 | |
| William B. Chiasson Chief Financial Officer | $ | 61,000 | |
| Michael J. Dodd Senior Vice President, Supply Chain and Operations | $ | 57,000 | |
