OXiGENE, Inc. 2005 Named Executive Officer Compensation Arrangements

Contract Categories: Human Resources › Compensation Agreements
Summary

OXiGENE, Inc. has set the 2005 annual base salaries for its named executive officers, including the President and CEO, Chief Scientific Officer, Chief Operating Officer, and Chief Financial Officer. The agreement outlines each officer's position and corresponding salary, with some salaries effective as of June 2005. This document serves to formally disclose the compensation terms for these key executives.

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EX-10.3 4 b55584oiexv10w3.htm EX-10.3 DESCRIPTION OF NAMED EXECUTIVE OFFICER COMPENSATION ARRANGEMENTS exv10w3  

Exhibit 10. 3
OXiGENE, Inc.
Named Executive Officers Compensation Arrangements
     The following are our named executive officers. Their annual base salaries for 2005 are as follows:
             
Named Executive Officer   Position   2005 Salary
Frederick W. Driscoll
   President and Chief Executive Officer   $ 325,000  
David Chaplin
   Chief Scientific Officer and Head of        
  Research and Development   $ 325,000  
Scott Young (1)
   Chief Operating Officer   $ 240,000  
James B. Murphy (1)
   Vice President and Chief Financial Officer   $ 220,000  
 
(1)   The annual base salaries listed for both Mr. Young and Mr. Murphy became effective in June 2005.