2008 Executive Bonus and 2009 Base Salary Schedule for Named Executive Officers
This document outlines the cash bonuses awarded to three named executive officers—David Hung, M.D., C. Patrick Machado, and Lynn Seely, M.D.—for fiscal year 2008, as well as their base salaries for fiscal year 2009. It also details extraordinary bonuses granted for 2008. The agreement specifies the amounts each executive will receive as bonuses and sets their annual base salaries effective January 1, 2009. This schedule serves as a record of compensation decisions for these executives.
Exhibit 10.1
2008 Cash Bonuses for the Named Executive Officers
| Executive Officer | Cash Bonus | ||
| David Hung, M.D. | $ | 313,335 | |
| C. Patrick Machado | $ | 189,900 | |
| Lynn Seely, M.D. | $ | 189,900 | |
2009 Base Salaries
| Executive Officer | Fiscal 2009 Base Salary (Effective January 1, 2009) | ||
| David Hung, M.D. | $ | 570,000 | |
| C. Patrick Machado | $ | 365,000 | |
| Lynn Seely, M.D. | $ | 365,000 | |
Extraordinary Bonuses for 2008
| Executive Officer | Bonus | ||
| David Hung, M.D. | $ | 100,100 | |
| C. Patrick Machado | $ | 100,100 | |
| Lynn Seely, M.D. | $ | 100,100 | |
