Summary of Compensation for Named Executive Officers of NMT Medical, Inc. (2005)
This document outlines the 2005 compensation for two executive officers of NMT Medical, Inc.: John E. Ahern, President and CEO, and Richard E. Davis, Vice President and CFO. It details their annual salaries and bonuses for work performed in 2004, as well as notes that no stock options were granted in 2005. The bonuses were paid according to the terms of each executive's amended and restated employment agreement with the company.
Exhibit 10.44
COMPENSATION OF EXECUTIVE OFFICERS OF NMT MEDICAL, INC.
As of March 21, 2005, the following represents the compensation of the executive officers of NMT Medical, Inc. (the “Company”):
| 2005 Compensation | |||||||||
| Executive Officer | Annual Salary | Bonus for Work Performed in 2004 | Shares Underlying Stock Options Granted in 2005 | ||||||
| John E. Ahern | $ | 350,000 | $ | 52,500 | (1) | — | |||
| Richard E. Davis | $ | 280,000 | $ | 75,000 | (2) | — | |||
| (1) | Mr. Ahern’s bonus was paid in accordance with the terms of that certain Amended and Restated Employment Agreement that he entered into with the Company on December 31, 2002, which is filed as an exhibit to the Company’s Annual Report on Form 10-K as filed with the Securities and Exchange Commission (“SEC”) on March 20, 2003. |
| (2) | 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. |
