2011 Executive Bonus and 2012 Base Salary Schedule for Executive Officers
This document outlines the bonus amounts awarded to four executive officers for the 2011 fiscal year and sets their base salaries for the 2012 fiscal year, effective January 1, 2012. The officers named are David Hung, Cheryl Cohen, C. Patrick Machado, and Lynn Seely. The agreement specifies the exact bonus and salary figures for each executive, reflecting the company's compensation decisions for its top management.
EXHIBIT 10.1
2011 Bonuses
Executive Officer | 2011 Bonus Amount | |||
David Hung, M.D. | $ | 894,758 | ||
Cheryl Cohen | 136,233 | |||
C. Patrick Machado | 433,650 | |||
Lynn Seely, M.D. | 446,250 |
2012 Base Salaries
Executive Officer | Fiscal 2012 Base Salary (Effective January 1, 2012) | |||
David Hung, M.D. | $ | 725,000 | ||
Cheryl Cohen | 425,000 | |||
C. Patrick Machado | 464,200 | |||
Lynn Seely, M.D. | 464,200 |