2012 Bonus and 2013 Base Salary Schedule for Named Executive Officers
This document outlines the 2012 bonus payments and 2013 base salaries for the company's named executive officers, including the President and CEO, Chief Commercial Officer, Chief Business Officer and CFO, and Chief Medical Officer. It specifies the exact bonus amounts awarded for 2012 and the base salary amounts effective January 1, 2013, for each executive. The agreement sets forth the compensation terms for these key officers for the specified periods.
Exhibit 10.1
2012 Bonuses
| Executive Officer | 2012 Bonus Amount | |||
| David Hung, M.D. President and Chief Executive Officer | $ | 1,160,000 | ||
| Cheryl Cohen Chief Commercial Officer | $ | 510,000 | ||
| C. Patrick Machado Chief Business Officer and Chief Financial Officer | $ | 557,000 | ||
| Lynn Seely, M.D. Chief Medical Officer | $ | 557,000 | ||
2013 Base Salaries
| Executive Officer | 2013 Base Salary (Effective January 1, 2013) | |||
| David Hung, M.D. President and Chief Executive Officer | $ | 750,000 | ||
| Cheryl Cohen Chief Commercial Officer | $ | 439,900 | ||
| C. Patrick Machado Chief Business Officer and Chief Financial Officer | $ | 480,400 | ||
| Lynn Seely, M.D. Chief Medical Officer | $ | 480,400 | ||
