Restore Medical, Inc. Executive Compensation Plan (Effective November 1, 2002)

Contract Categories: Human Resources › Compensation Agreements
Summary

This agreement outlines the compensation plan for certain executives at Restore Medical, Inc., effective November 1, 2002. It applies to exempt positions including President, Vice President, and select Directors and Managers. The plan provides for supervisor-approved paid time off, company-paid medical and dental coverage with no dependent contributions, reimbursement for certain uncovered medical and dental expenses (excluding elective procedures), and a company cell phone. Extraordinary expenses require supervisor approval.

Read More Arrow
EX-10.11 9 c01111a4exv10w11.htm EXECUTIVE COMPENSATION PLAN exv10w11  

Exhibit 10.11
Restore Medical, Inc.
Executive Compensation Plan
Effective November 1, 2002
•   Executives defined as the following “exempt only” positions:
-President
- -Vice President
- -Director (hired prior to June 1, 2004)
- -Manager of Human Resources (hired prior to June 1, 2004)
•   Supervisor approved Paid Time Off (PTO).
 
•   No dependent contribution for medical and dental coverage.
 
•   Medical and dental compensation (via expense report) for expenses that are not covered by our Blue Cross/Blue Shield and Delta Dental plans. Compensation does not apply to elective or discretionary expenses. All extraordinary expenses should be discussed with your supervisor in advance.
•   Company Plan cell phone.