Description of Revised Base Salaries for Named Executive Officers of Quality Systems, Inc. for Fiscal Year 2009
Quality Systems, Inc. has approved new base salary levels for its named executive officers for the fiscal year ending March 31, 2009. The revised salaries, effective on various dates, apply to Lou Silverman (President and CEO), Pat Cline (President of NextGen Healthcare Information Systems Division), Donn Neufeld (Senior Vice President and General Manager of the QSI Division), and Paul Holt (Secretary and CFO). These changes were recommended by the Compensation Committee and approved by the independent directors. The agreement outlines the new annual cash salaries for each executive.
Exhibit 10.1
DESCRIPTION OF REVISED SALARIES UNDER
COMPENSATION PROGRAM FOR NAMED EXECUTIVE OFFICERS FOR
FISCAL YEAR ENDING MARCH 31, 2009
On May 29, 2008, following approval and recommendation by its Compensation Committee, a committee comprised of all of the independent directors of Quality Systems, Inc. (the “Company”), approved revised salary levels as part of a compensation program for the Company’s named executive officers for the fiscal year ending March 31, 2009. The compensation program cash salary levels are described below.
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| • | Lou Silverman, President and Chief Executive Officer – $440,000, effective November 1, 2008; |
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| • | Pat Cline, President of the NextGen Healthcare Information Systems Division - $600,000 (to increase from $495,000), effective November 1, 2008; |
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| • | Donn Neufeld – Senior Vice President and General Manager of the QSI Division - $225,000 (to increase from $194,000), effective June 1, 2008; and |
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| • | Paul Holt – Secretary and Chief Financial Officer - $275,000 (to increase from $250,000), effective July 23, 2008. |
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