Executive Officer Compensation Agreement Summary for Dr. Ginetto Addiego and Dr. Fusen Chen

Contract Categories: Human Resources › Compensation Agreements
Summary

This agreement outlines the compensation packages for Dr. Ginetto Addiego and Dr. Fusen Chen, including base salaries, stock options, restricted stock, bonuses, and benefits. Both officers are eligible for annual bonuses up to 100% of their base salary based on company and personal performance. Stock options and restricted stock awards are subject to vesting schedules and performance conditions. The agreement also provides for standard health, dental, vision, life, and long-term disability insurance coverage.

Read More Arrow
EX-10.31 2 f08584exv10w31.htm EXHIBIT 10.31 exv10w31  

Exhibit 10.31

Summary of Executive Officer Compensation

                                 
    Agreement   Annualized   Stock   Restricted        
Officer   Date   Base Salary   Options   Stock   Bonus   Benefits
Dr. Ginetto Addiego
  02/14/05   $ 310,000       100,000     30,000 (1)   Up to 100% of base salary upon achievement of company and personal performance objectives.   Health, dental, vision, life and long-term disability insurance
 
                                
Dr. Fusen Chen
  10/04/2004   $ 290,000       100,000     30,000 (2)   Up to 100% of base salary; 50% of which is based on meeting annual bookings targets; and 50% of which is based on achievement of company objectives.   Health, dental, vision, life and long-term disability insurance

(1)   10,000 shares of restricted stock shall vest per year over a three year period beginning on February 14, 2005.
 
(2)   15,000 shares shall vest on October 4, 2009, provided, however, that 7,500 shares may vest sooner upon achievement by the Company of a $2.5 billion annual revenue level (measured by the total of the publicly reported revenues of the Company for any four consecutive completed fiscal quarters).