Executive Officer
EX-10.1 2 ex10_1.htm EXHIBIT 10.1 EXECUTIVE COMPENSATION Exhibit 10.1 Executive Compensation
EXHIBIT 10.1
| Executive Officer | 2005 Cash Bonus | 2005 Bonus Shares | 2006 Base Salary | 2006 Target Bonus (% of Base Salary)1 | 2006 Stock Option Award Shares |
| Geoffrey F. Cox, Ph.D. Chairman of the Board, President and Chief Executive Officer | $43,854 | 90,923 | $436,800 | 40% | 90,000 |
| John B. Green Senior Vice President, Chief Financial Officer and Treasurer | $23,221 | 41,821 | $280,800 | 30% | 35,000 |
| Gregory F. Liposky Senior Vice President, Operations | $22,179 | 39,257 | $265,200 | 30% | 50,000 |
| Harry M. Meade, Ph.D. Senior Vice President, Research and Development | $22,694 | 40,664 | $273,520 | 30% | 50,000 |
| Daniel S. Woloshen Senior Vice President and General Counsel | $20,474 | 34,715 | $238,160 | 30% | 25,000 |
1 The target bonus opportunity can be exceeded by up to 20% of the target if GTC achieves exceptional corporate performance, as determined by the Compensation Committee, and the individual achieves high individual performance. For example, an executive with a target bonus of 30% could receive a bonus of as much as 36% of base salary.
