Base Salaries for Fiscal Year 2011, Cash Bonuses for Fiscal Year 2010 and 2011 Equity Compensation Awards for Certain Named Executive Officers

EX-10.19 2 f58195exv10w19.htm EX-10.19 exv10w19

EXHIBIT 10.19

Base Salaries for Fiscal Year 2011, Cash Bonuses for Fiscal Year 2010 and 2011 Equity Compensation Awards


										2011 Stock				2011 Restricted				2011 Restricted
										Option Grant (1)				Stock Award (2)				Stock Units (3)
Name and Title		2011 Salary				2011 Bonus				(shares)				(shares)				(shares)
N. Anthony Coles, M.D.		$	701,000			$	452,920				105,000				15,000				50,000
President and Chief Executive Officer

Matthew K. Fust		$	452,100			$	159,970				42,000				6,000				22,500
Executive Vice President and Chief Financial Officer

Laura Brege		$	487,100			$	170,122				35,000				5,000				22,500
Executive Vice President, Corporate Affairs

Juergen Lasowski, Ph.D.		$	406,600			$	136,537				78,500	(4)			5,500				22,500
Executive Vice President, Corporate Development & Strategy

Suzanne M. Shema, J.D.		$	396,900			$	137,480				38,500				5,500				12,500
Senior Vice President, General Counsel


(1)		One-eighth of the shares subject to the stock options will vest on the six month anniversary of the date of grant and the remaining shares will vest in equal monthly installments over the following 42 months.

(2)		One-third of the shares subject to the restricted stock award will vest on the one year anniversary of the date of grant and the remaining shares will vest in two equal installments on the second and third anniversaries of the date of grant.

(3)		The restricted stock units are subject to performance objectives set by the Compensation Committee (the “Committee”) of the Board of Directors and will vest in full or part based on achievement of the performance metrics. If the Committee concludes that the goals have not been met by January 1, 2014, the shares will be forfeited.

(4)		This stock option grant includes 40,000 stock options, which will vest in equal monthly installments over 48 months.