2005 Target Bonus (% of Base Salary)1

Contract Categories: Human Resources › Bonus & Incentive Agreements
EX-10.1 2 dex101.htm 2004 BONUSES AND 2005 BASE SALARIES, TARGET BONUSES AND ANNUAL STOCK OPTION 2004 Bonuses and 2005 Base Salaries, Target Bonuses and Annual Stock Option

Exhibit 10.1

 

Executive Officer

    2004 Cash Bonuses
    2004 Bonuses
Shares
    2005 Base Salary
   

2005 Target Bonus

(% of Base Salary)1

     2005 Stock Option
Award Shares

Geoffrey F. Cox, Ph.D.
Chairman of the Board, President and
Chief Executive Officer

    $ 70,575    13,757    $ 436,800    40 %   75,000

John B. Green
Senior Vice President, Chief Financial
Officer and Treasurer

    $ 34,628    6,750    $ 280,800    30 %   39,000

Gregory F. Liposky
Senior Vice President, Operations

    $ 33,278    6,486    $ 265,200    30 %   55,000

Harry M. Meade, Ph.D.
Senior Vice President, Research
and Development

    $ 33,138    6,459    $ 273,520    30 %   39,000

Daniel S. Woloshen
Senior Vice President and
General Counsel

    $ 26,793    5,222    $ 238,160    30 %   27,000
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 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.