Schedule of December 2008 Retention Plan Awards to Named Executive Officers of GTC Biotherapeutics
This document lists stock option awards granted to four named executive officers of GTC Biotherapeutics under the December 2008 Retention Plan. The awards, subject to shareholder approval received on December 10, 2008, include specific numbers of stock options for each executive. The plan aims to retain key executives by granting them options as an incentive to remain with the company.
Exhibit 10.3
Schedule of December 2008 Retention Plan Awards to Named Executive Officers
The following awards were made on November 4, 2008 to GTC’s named executive officers under the GTC Biotherapeutics December 2008 Retention Plan, subject to shareholder approval, which was obtained on December 10, 2008.
| Named Executive Officer | Number of Stock Options Granted on December 10, 2008 | |
| Geoffrey F. Cox | 160,000 | |
| John B. Green | 100,000 | |
| Harry M. Meade | 100,000 | |
| Daniel S. Woloshen | 100,000 |
