Executive Officer Base Salary and Bonus Approval for Fiscal 2009 and 2008 – Bowne Pure Compliance

Contract Categories: Human Resources › Bonus & Incentive Agreements
Summary

The Board of Directors of Bowne Pure Compliance approved new annual base salaries for its executive officers, effective September 1, 2008, and authorized bonus payments based on their performance in fiscal year 2008. The agreement lists the names, positions, base salaries, and bonus amounts for each executive officer. This document formalizes the compensation decisions for the company's top management for the specified periods.

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EX-10.32 4 c75275exv10w32.htm EXHIBIT 10.32 Filed by Bowne Pure Compliance
EXHIBIT 10.32
Fiscal 2009 executive officer base salaries and fiscal 2008 bonus amounts
On September 11, 2008, the Board of Directors approved the following annual base salaries for the Company’s executive officers, to be effective as of September 1, 2008. The Board of Directors also approved the following bonus amounts to be paid to the executive officers based on performance for fiscal 2008.
                     
Name   Position   Base Salary     Bonus Amount  
Paul E. Freiman
   President and Chief Executive Officer   $ 420,000     $ 100,000  
Warren Wasiewski, M.D.
   Vice President, Chief Medical Officer   $ 320,000     $ 76,250  
Matthew M. Loar
   Vice President, Chief Financial Officer   $ 280,000     $ 17,188  
Karl G. Trass
   Vice President, Regulatory Affairs & Quality Assurance   $ 235,000     $ 44,100  
David E. Levy, M.D.
   Vice President, Clinical Development   $ 261,500     $ 25,625