2007 Base Salaries and 2006 Bonuses Agreement for Named Executive Officers
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Summary
This document lists the 2007 base salaries and 2006 fiscal year bonuses for the company's named executive officers, including the Chairman, President, Chief Executive Officer, and other key executives. It specifies the salary and bonus amounts for each officer, with a note that one officer's bonus includes a sign-on bonus from his offer letter. The agreement outlines the compensation terms for these executives for the specified periods.
EX-10.24 2 f28580exv10w24.htm EXHIBIT 10.24 exv10w24
(1) Mr. Schafer’s 2006 bonus includes a $35,000 sign-on bonus given in connection with his offer letter, dated July 7, 2006.
EXHIBIT 10.24
2007 Base Salaries and Fiscal Year 2006 Bonuses for Named Executive Officers
| Name and Title | Salary | Bonus | ||||||
Hollings C. Renton | ||||||||
Chairman of the Board, President and Chief Executive Officer | $ | 565,000 | $ | 205,000 | ||||
Henry J. Fuchs, M.D. | ||||||||
Executive Vice President and Chief Medical Officer | $ | 405,000 | $ | 125,000 | ||||
Edward F. Kenney | ||||||||
Executive Vice President and Chief Commercial Officer | $ | 370,000 | $ | 110,000 | ||||
Gregory J. Giotta, J.D., Ph.D. | ||||||||
Vice President and Chief Legal Counsel | $ | 296,500 | $ | 74,000 | ||||
Gregory W. Schafer (1) | ||||||||
Vice President and Chief Financial Officer | $ | 285,000 | $ | 72,540 | ||||
(1) Mr. Schafer’s 2006 bonus includes a $35,000 sign-on bonus given in connection with his offer letter, dated July 7, 2006.
