Compensation Arrangement Amendment Between Pathfinder Cell Therapy, Inc. and John Benson
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Summary
Pathfinder Cell Therapy, Inc. and John Benson have agreed to set Mr. Benson's annual salary at $106,923.96, effective January 1, 2012. This amount reflects a 20% reduction from his previous salary, due to Mr. Benson allocating some of his work time to activities outside the company. The agreement outlines the adjusted compensation terms under his existing employment arrangement.
EX-10.24A 8 f10k2011ex10xxiva_pathfinder.htm COMPENSATION ARRANGEMENT WITH JOHN BENSON f10k2011ex10xxiva_pathfinder.htm
Exhibit 10.24(a)
Compensation Arrangement with John Benson
Effective January 1, 2012, the annual salary to which Mr. John Benson is entitled under his employment agreement with Pathfinder Cell Therapy, Inc. (the “Company”) has been set at $106,923.96, reflecting a 20% reduction in the salary to which he otherwise would have been entitled. The reduction reflects the allocation of a portion of Mr. Benson’s time to non Company-related business.
