Alteon Inc. Executive Officer Compensation Arrangements for 2007
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Summary
This document outlines the 2007 compensation arrangements for Alteon Inc.'s executive officers, specifically naming Noah Berkowitz (President and CEO) and Malcolm W. MacNab (Vice President, Clinical Development). It specifies their annual salaries and potential bonus ranges for the year. Additionally, it notes that both executives may be eligible for an extra year-end bonus at the discretion of Alteon's Compensation Committee.
EX-10.12 3 v069033_ex10-12.htm
Exhibit 10.12
Alteon Inc.
Description of Executive Officer Compensation Arrangements
The following are Alteon’s executive officers. The salaries for 2007 have been set as follows:
| Named Executive Officer | Position | 2007 Salary | 2007 Bonus Range |
| Noah Berkowitz, M.D., Ph.D. | President and Chief Executive Officer | $264,000 | $0 to $92,400 |
| Malcolm W. MacNab, M.D., Ph.D. | Vice President, Clinical Development | $240,000 | $0 to $72,000 |
In addition to the above, each of the executive officers, at the discretion of Alteon's Compensation Committee, may receive an additional year-end bonus.
