SUMMARY of OFFICER and DIRECTOR COMPENSATION

Contract Categories: Human Resources - Compensation Agreements
EX-10.5 2 utmd_ex10z5.htm SUMMARY OF OFFICER AND DIRECTOR COMPENSATION

 Exhibit 10.5

SUMMARY of OFFICER and DIRECTOR COMPENSATION

 

The Employment Agreement in Exhibits 7 & 8 of this report is the only written contractual compensation arrangement the Company has with any of its Directors and Executive Officers.  

During 2025, the Company’s Chief Executive and Principal Financial Officer (the Company’s “Named Executive Officers”) are scheduled to receive the following compensation from the Company:  

Compensation Arrangement

 

2025 Scheduled Amount

Base salary

 

$80,700 (CEO); $147,700 (PFO)

401(k) matching contributions

 

       7,920 (maximum)

Section 125 plan matching contributions (1)

 

          500 (maximum)

Management bonus

 

will be determined at year-end

Pet health benefits (1)

 

          500 (maximum)

Family medical benefits (1)

 

will depend on future events

Travel expense reimbursement (2)

 

      5,000 (CEO); 500 (PFO)

 

 

 

During 2025, the Company’s Directors are scheduled to receive the following compensation from the Company:

Compensation Arrangement

Ernst
Hoyer

Barbara
Payne

James
Beeson

Paul
Richins

Carrie
Leigh

Base

$ 30,600

$ 7,650

$ 30,600

$ 30,600

$ 30,600

Executive Committee

4,200

-

-

-

-

Audit Committee Chairman

4,200

-

-

-

-

Travel Expense Reimbursement (2)

250

-

400

50

250

 

(1)   CEO and PFO participate on the same basis as other eligible employees.

(2)   Estimated 2025 travel expenses on behalf of UTMD business.  The Company reimburses its employees and directors for authorized business expenses.