Schedule of 2006 Bonuses and 2007 Salaries for Named Executive Officers
This document lists the annual salaries for 2007 and discretionary bonuses for 2006 for the company's named executive officers, as approved by the Compensation Committee. The table includes the names of the executives, their 2006 bonus amounts, and their 2007 salaries. One executive, Dr. Pilia, received no bonus or salary due to her employment ending in February 2006. The information is intended for disclosure in the company's 2007 annual proxy statement.
Exhibit 10.23
Salaries and Bonuses of Named Executive Officers
The following table sets forth for each person to be identified as a Named Executive Officer in the Company’s Proxy Statement for its 2007 Annual Meeting of Stockholders such person’s annual salary effective January 1, 2007 and discretionary bonus for 2006 approved by the Compensation Committee of the Board of Directors in October 2006 and paid in January 2007:
| Name of Executive Officer |
| Bonus for 2006 |
| Salary for 2007 |
| ||
| Leonard P. Shaykin |
| $ | 250,000 |
| $ | 370,000 |
|
| Martin M. Batt |
| $ | 100,000 |
| $ | 270,000 |
|
| Gordon Link |
| $ | 100,000 |
| $ | 240,000 |
|
| Kai P. Larson |
| $ | 75,000 |
| $ | 220,000 |
|
| Patricia A. Pilia* |
| $ | 0 |
| $ | 0 |
|
*The employment of Dr. Pilia by the Company was terminated effective February 23, 2006.
