2009 Executive Compensation Schedule for N. Anthony Coles, Laura A. Brege, and Gregory W. Schafer

Contract Categories: Human Resources › Bonus & Incentive Agreements
Summary

This document outlines the base salaries, cash bonuses, and equity compensation awards for three executives—N. Anthony Coles, Laura A. Brege, and Gregory W. Schafer—for fiscal years 2008 and 2009. It details each executive's salary, bonus, stock option grants, and restricted stock awards, including vesting schedules. The agreement also notes Dr. Coles' additional restricted stock award and Mr. Schafer's resignation as of January 5, 2009. The document serves as a record of executive compensation terms for the specified fiscal years.

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EX-10.19 2 f51891exv10w19.htm EX-10.19 exv10w19
EXHIBIT 10.19
Base Salaries for Fiscal Year 2009, Cash Bonuses and Equity Compensation Awards for Fiscal Year 2008
                                 
    2009   2008   Stock Option(1)   Restricted Stock
Name and Title   Salary   Bonus   Grant (shares)   Award(2) (shares)
 
                                
N. Anthony Coles, M.D.
President and Chief Executive Officer
   $ 650,000     $ 625,000       105,000       15,000 (3)
 
                                
Laura A. Brege
Executive Vice President and Chief Operating Officer
   $ 452,600     $ 187,425       49,000       7,000  
 
                                
Gregory W. Schafer(4)
Former Vice President and Chief Financial Officer
   $ 300,000     $ 102,900       —       —  
 
(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)   Dr. Coles also received a restricted stock award of 20,000 shares pursuant to the amendment of his employment agreement. The terms of the award are described in the Current Report on Form 8-K with which this exhibit is filed.
 
(4)   As previously disclosed, Mr. Schafer resigned as Vice President and Chief Financial Officer effective January 5, 2009. His annualized salary for 2009 is the same as for 2008.