Revised Summary of Compensation Arrangement for Named Executive Officers of NMT Medical, Inc.
This document outlines the 2007 compensation details for the named executive officers of NMT Medical, Inc. John E. Ahern, President and CEO, will receive an annual salary of $400,000, no bonus for 2006, and 50,000 stock options granted in 2006. Richard E. Davis, Executive Vice President and CFO, will receive an annual salary of $300,000 and a $135,000 bonus for 2006, with no stock options granted. Mr. Davis's bonus is paid according to his employment agreement dated May 20, 2004.
Exhibit 10.35
REVISED SUMMARY OF COMPENSATION ARRANGEMENT
APPLICABLE TO THE COMPANY’S NAMED EXECUTIVE OFFICERS
As of March 12, 2007, the following represents the compensation of the executive officers of NMT Medical, Inc. (the “Company”):
| 2007 Compensation | |||||||||
| Executive Officer | Annual Salary | Bonus for Work Performed in 2006 | Shares Underlying Stock Options Granted in 2006 | ||||||
| John E. Ahern | $ | 400,000 | $ | 0 | 50,000 | ||||
| Richard E. Davis | $ | 300,000 | $ | 135,000 | (1) | 0 | |||
| (1) | Mr. Davis’ bonus was paid in accordance with the terms of that certain Amended and Restated Employment Agreement that he entered into with the Company on May 20, 2004, which is filed as an exhibit to the Company’s Quarterly Report on Form 10-Q as filed with the SEC on August 10, 2004. |
