Lifeline Systems, Inc. 2006 Executive Officer Compensation Arrangements
Lifeline Systems, Inc. has set the 2006 base salaries for its executive officers, including the President and CEO, Vice Presidents, and Senior Vice Presidents, with amounts specified for each individual. Most executive officers are also eligible to participate in the 2006 Officer Incentive Plan, except for Leonard E. Wechsler, who receives bonuses under a separate employment agreement. These arrangements outline the main compensation terms for the company's top management as of March 1, 2006.
Exhibit 10.41
Compensatory Arrangements with Executive Officers
As of March 1, 2006, Lifeline Systems, Inc. has the following compensatory arrangements with each of its named executive officers (as defined in Item 402(a)(3) of Regulation S-K) and each of its other executive officers:
| Name and Title | 2006 Base Salary (1) | ||
| Ronald Feinstein, President and Chief Executive Officer | $ | 410,000 | |
| Ellen Berezin, Vice President, Human Resources | $ | 178,000 | |
| Mark G. Beucler, Vice President Finance, Chief Financial Officer and Treasurer | $ | 185,000 | |
| Edward M. Bolesky, Senior Vice President, Customer Care | $ | 203,000 | |
| Richard M. Reich, Senior Vice President and Chief Information Officer | $ | 220,000 | |
| Donald G. Strange, Senior Vice President, Sales | $ | 197,500 | |
| Leonard E. Wechsler, Vice President, Lifeline Systems, Inc. and President, Lifeline Systems Canada | $ | 202,087 | |
| (1) | Each executive officer is also eligible to participate in the 2006 Officer Incentive Plan, with the exception of Leonard E. Wechsler, who receives bonuses pursuant to his employment agreement. |
