Quarters Ended
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). | |||
