NeuroMetrix, Inc. 2006 Executive Officer Compensation Arrangements
NeuroMetrix, Inc. established 2006 base salary levels for its executive officers through verbal agreements, as approved by the Compensation Committee on March 7, 2006. The agreement sets specific annual salaries for the Chairman, President and CEO, COO, CFO, Senior VP of Information Technology, and Senior VP of Engineering. This arrangement outlines the compensation each executive will receive for the year 2006.
EXHIBIT 10.1
Executive Officer Compensation Arrangements (2006 Salaries)
The following summarizes the certain compensation arrangements established between NeuroMetrix, Inc. (the “Company”) and the executive officers through verbal agreements.
On March 7, 2006, the Compensation Committee of the Board of Directors of the Company determined the following compensation information for certain executive officers of the Company regarding base salary levels for 2006. This compensation information is as follows:
| Name |
| Title |
| 2006 Salary | |
| Shai N. Gozani, M.D., Ph.D. |
| Chairman, President and Chief Executive Officer |
| $ | 262,500 |
| Gary L. Gregory |
| Chief Operating Officer |
| $ | 246,750 |
| W. Bradford Smith |
| Chief Financial Officer |
| $ | 231,000 |
| Guy Daniello |
| Senior Vice President of Information Technology |
| $ | 190,181 |
| Michael Williams, Ph.D. |
| Senior Vice President of Engineering |
| $ | 198,450 |
