2007 Base Salaries and 2006 Bonuses 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, and various Executive Vice Presidents. It specifies the salary and bonus amounts for each officer, and notes that two officers received sign-on bonuses as part of their employment offers. The agreement outlines compensation details but does not impose ongoing obligations or conditions beyond the stated payments.
EX-10.24 2 f28226exv10w24.htm EXHIBIT 10.24 exv10w24
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 | ||||
Laura A. Brege (1) Executive Vice President and Chief Business Officer | $ | 390,000 | $ | 125,000 | ||||
Edward F. Kenney Executive Vice President and Chief Commercial Officer | $ | 370,000 | $ | 110,000 | ||||
Gregory W. Schafer (2) Vice President and Chief Financial Officer | $ | 285,000 | $ | 72,540 | ||||
| (1) | Ms. Brege’s 2006 bonus includes a $50,000 sign-on bonus given in connection with her offer letter, dated May 19, 2006. | |
| (2) | Mr. Schafer’s 2006 bonus includes a $35,000 sign-on bonus given in connection with his offer letter, dated July 7, 2006. |
