Voyager Pharmaceutical Corporation Executive Officer Compensation Summary
This document outlines the compensation structure for executive officers at Voyager Pharmaceutical Corporation. It lists the names and positions of the executive team and specifies their approved base salaries for fiscal year 2005. Compensation consists of base salary and stock options, with no employment agreements in place for most officers except Sheldon Goldberg and Michael J. Giannini. The summary provides transparency regarding executive pay but does not detail additional benefits or bonus structures.
Exhibit 10.15
Executive Officer Compensation Summary
Voyager Pharmaceutical Corporation’s (the “Company’s”) executive officers consist of: (i) Patrick S. Smith, President and Chief Executive Officer; (ii) Richard L. Bowen, M.D., Chairman of the Board and Chief Scientific Officer; (iii) David J. Corcoran, Executive Vice President and Chief Financial Officer; (iv) Sheldon Goldberg, Senior Vice President of Corporate Development; (v) Michael J. Giannini, Vice President of Business Operations; (vi) Timothy J. Creech, Vice President of Finance and Chief Accounting Officer; (vii) Steven J. Fiander, Vice President of Sales and Marketing; (viii) Maynard E. Lichty, Vice President of Manufacturing and Technical Operations; (ix) Laurence C. Tusick, Vice President of Sales and Marketing; and (x) Barbra J. LaPlante, Vice President of Clinical Operations.
The compensation structure for executive officers of the Company currently consists of two components: base salary and stock options. The Company does not have employment arrangements with any of its executive officers, except for Sheldon Goldberg and Michael J. Giannini.
The Company’s board of directors approved the following fiscal year 2005 base salaries for the executive officers named below:
| Name and Principal Position | Base Salary | |
| Patrick S. Smith | $385,000 | |
| Richard L. Bowen, M.D. | $330,000 | |
| David J. Corcoran | $295,000 | |
| Sheldon Goldberg | $300,000 | |
| Michael J. Giannini | $250,000 | |
| Timothy J. Creech | $220,000 | |
| Steven J. Fiander | $220,000 | |
| Maynard E. Lichty | $170,000 | |
| Laurence C. Tusick | $210,000 | |
| Barbra J. LaPlante | $190,000 | |
