Summary of Compensation Arrangements for Certain Officers of RadiSys Corporation
RadiSys Corporation's board compensation committee approved new annual base salaries and target bonuses for four executive officers, effective July 2, 2007. The officers include the President and CEO, CFO, VP of Corporate Operations, and VP of Worldwide Sales. Additionally, a special $25,000 bonus was awarded to the VP of Worldwide Sales and other selected employees for their contributions to integrating Convedia Corporation's media server business into RadiSys. These changes outline the updated compensation terms for the named executives and recognize specific integration efforts.
Exhibit 10.35
Compensatory Arrangements of Certain Officers
In May, 2007, the compensation committee (the “Committee”) of the board of directors of RadiSys Corporation (the “Company”) approved increases in annual base salaries and target bonuses of the following “named executive officers” (as defined by Item 402(a)(3) of Regulation S-K), effective as of July 2, 2007:
| Executive Officer | New Base Salary | Target Bonus | ||||
| Scott Grout - President and Chief Executive Officer | $ | 458,400 | $ | 348,000 | ||
| Brian Bronson - Chief Financial Officer | $ | 284,500 | $ | 134,300 | ||
| Julia Harper - VP Corporate Operations | $ | 247,200 | $ | 166,400 | ||
| Christian Lepiane - VP Worldwide Sales | $ | 245,800 | $ | 154,600 | ||
The Committee also approved the payment of special bonuses to a group of selected employees, including a bonus in the amount of $25,000 to Mr. Lepiane, in recognition of their contributions to the progress in the integration of the media server business of Convedia Corporation into the operations of the Company.
