Fiscal Year 2007 and 2008 Base Salary Schedule for Named Executive Officers
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Summary
This document outlines the annual base salaries for the company's named executive officers for fiscal years 2007 and 2008. It lists the specific salary amounts for each executive, including Steven Goldby, Rex S. Jackson, Isy Goldwasser, and Dr. W. Henry Weinberg, and notes changes in salary based on changes in their roles during the period. The agreement ensures transparency regarding executive compensation for these years.
EX-10.33 3 ex10_33.htm EXHIBIT 10.33 ex10_33.htm
Exhibit 10.33
Fiscal Year 2007 and 2008 Base Salaries for Named Executive Officers
| Named Executive Officer | Base Salary for 2007 | Base Salary for 2008 |
| Steven Goldby Executive Chairman and Former Chief Executive Officer | $250,000(1) | $150,000 |
| Rex S. Jackson Chief Financial Officer and Former Executive Vice President and General Counsel | $330,000(2) | $330,000 |
| Isy Goldwasser Chief Executive Officer | $420,000 | $420,000 |
| Dr. W. Henry Weinberg, Chief Science Officer and Former Chief Technical Officer | $420,000 | $252,000 |
(1) Effective as of June 13, 2007, in accordance with Mr. Goldby’s new position as Executive Chairman. Prior to June 13, 2007, as Chief Executive Officer, Mr. Goldby’s salary was $400,000.
(2) Effective as of November 1, 2007, in accordance with Mr. Jackson’s new position as Chief Financial Officer.
