Volcano Corporation Named Executive Officer Cash Compensation Arrangements for 2007–2008

Summary

This document outlines the cash compensation arrangements for the named executive officers of Volcano Corporation. It specifies the cash bonuses awarded for 2007 performance and the base salaries set for 2008 for each executive, including the President and CEO, CFO, and other key officers. The agreement also notes special compensation structures, such as sales commissions for certain roles, and includes currency conversion details for international officers. The arrangement is effective for the year ending December 31, 2008.

EX-10.21 3 f39033exv10w21.htm EXHIBIT 10.21 exv10w21

Exhibit 10.21

Named Executive Officer Cash Compensation Arrangements

The table below sets forth the cash bonuses to be paid to the “named executive officers” (as defined under applicable securities laws) of Volcano Corporation (the “Company”) for performance in the year ended December 31, 2007 and their respective base salaries for the year ending December 31, 2008:


Named Executive Officer	Title	2007 Bonus			2008 Base Salary
R. Scott Huennekens	President and Chief Executive Officer	$	360,000		$	400,000
John T. Dahldorf	Chief Financial Officer and Secretary		100,000			265,000
Vincent J. Burgess	Vice President of Business Development and Marketing		125,000			265,000
Michel E. Lussier	Managing Director of Volcano Europe		75,000			348,180	⁽¹⁾
Jorge J. Quinoy	Vice President of Global Sales		—	⁽²⁾		257,500
John F. Sheridan	Executive Vice President of Research and
	Development and Operations		50,000			245,000


(1)		Mr. Lussier’s salary reflects the conversion of his salary from Euros at the then applicable exchange rate.

(2)		Mr. Quinoy’s cash incentive compensation is comprised of sales commissions. For the year ended December 31, 2007, Mr. Quinoy earned $94,168 in sales commissions.

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