Alteon Inc. Executive Officer Compensation Arrangements for 2005

Contract Categories: Human Resources › Compensation Agreements
Summary

Alteon Inc. has set the 2005 salaries and bonus ranges for its executive officers: Kenneth I. Moch (President and CEO), Judith S. Hedstrom (COO), and Elizabeth A. O'Dell (VP, Finance, Secretary, and Treasurer). Each officer is assigned a specific base salary and a potential bonus range for the year. Additionally, the Compensation Committee may award an extra year-end bonus at its discretion.

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EX-10.22 7 w06767exv10w22.txt ALTEON INC. DESCRIPTION OF EXECUTIVE OFFICER COMPENSATION ARRANGEMENTS EXHIBIT 10.22 ALTEON INC. DESCRIPTION OF EXECUTIVE OFFICER COMPENSATION ARRANGEMENTS The following are Alteon's executive officers. The salaries for 2005 have been set as follows:
NAMED EXECUTIVE OFFICER POSITION 2005 SALARY 2005 BONUS RANGE - ----------------------- ----------------------------- ----------- ---------------- Kenneth I. Moch President and Chief Executive $382,454 $0 to $150,000 Officer Judith S. Hedstrom Chief Operating Officer $300,000 $0 to $75,000 Elizabeth A. O'Dell Vice President, Finance $191,227 $0 to $20,000 Secretary and Treasurer
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.