Schedule of Retention Plan Awards to Named Executive Officers under GTC Biotherapeutics 2008 Retention Incentive Plan
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Summary
This document lists the cash retention payments to be made to GTC Biotherapeutics' named executive officers under the 2008 Retention Incentive Plan. Payments will be made after March 31, 2010, or earlier if an executive's employment is terminated by GTC. The named executives and their respective payment amounts are specified in the schedule.
EX-10.1 2 dex101.htm SCHEDULE OF RETENTION PLAN AWARDS TO NAMED EXECUTIVE OFFICERS Schedule of Retention Plan Awards to Named Executive Officers
Exhibit 10.1
Schedule of Retention Plan Awards to Named Executive Officers
The following cash payments will be made to GTC’s named executive officers under the GTC Biotherapeutics 2008 Retention Incentive Plan after March 31, 2010 or upon earlier termination of their employment by GTC.
| Named Executive Officer | Retention Payment to be made after March 31, 2010 | ||
| Geoffrey F. Cox | $ | 94,000 | |
| John B. Green | $ | 44,000 | |
| Harry M. Meade | $ | 44,000 | |
| Richard Scotland | $ | 44,000 | |
| Daniel S. Woloshen | $ | 44,000 | |
