Salaries and Bonuses of NamedExecutive Officers
Exhibit 10.1
Salaries and Bonuses of Named Executive Officers
The following table sets forth for each person identified as a Named Executive Officer in the Company’s Proxy Statement for its 2005 Annual Meeting of Stockholders the discretionary bonuses for 2004 and annual salaries effective January 1, 2005 approved by the Compensation Committee of the Board of Directors in December 2004 and January 2005:
| Name of Executive Officer |
| Bonus for 2004 |
| Salary for 2005 |
| ||
|
|
|
|
|
|
| ||
| Leonard P. Shaykin* |
| $ | 140,000 |
| $ | 370,000 |
|
| Martin Batt |
| $ | 120,000 |
| $ | 270,000 |
|
| Patricia A. Pilia* |
| $ | 60,000 |
| $ | 235,000 |
|
| Gordon Link* |
| $ | 100,000 |
| $ | 240,000 |
|
| Anne L. Bailey |
| $ | 100,000 |
| $ | 205,000 |
|
| Kai P. Larson* |
| $ | 75,000 |
| $ | 220,000 |
|
* Messrs. Shaykin, Link and Larson and Dr. Pilia are each party to an employment agreement with the Company for which the most recent bonus and current base salary of such party determines the amount to be paid by the Company to that party following a change of control of the Company upon termination of employment by the Company without cause or resignation by the employee with good reason.
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