Attached files
| file | filename |
|---|---|
| 10-K - Emergent BioSolutions Inc. | form10-k.htm |
| EX-23.1 - Emergent BioSolutions Inc. | ex23_1.htm |
| EX-31.2 - Emergent BioSolutions Inc. | ex31_2.htm |
| EX-32.1 - Emergent BioSolutions Inc. | ex32_1.htm |
| EX-31.1 - Emergent BioSolutions Inc. | ex31_1.htm |
| EX-10.6 - Emergent BioSolutions Inc. | ex10_6.htm |
| EX-32.2 - Emergent BioSolutions Inc. | ex32_2.htm |
| EX-21.1 - Emergent BioSolutions Inc. | ex21_1.htm |
| EX-10.21 - Emergent BioSolutions Inc. | ex10_21.htm |
| EX-10.41 - Emergent BioSolutions Inc. | ex10_41.htm |
| EX-10.20 - Emergent BioSolutions Inc. | ex10_20.htm |
| EX-10.18 - Emergent BioSolutions Inc. | ex10_18.htm |
| EX-10.19 - Emergent BioSolutions Inc. | ex10_19.htm |
| EX-10.26 - Emergent BioSolutions Inc. | ex10_26.htm |
| EX-10.40 - Emergent BioSolutions Inc. | ex10_40.htm |
| EX-10.22 - Emergent BioSolutions Inc. | ex10_22.htm |
Exhibit
10.7
ANNUAL
BONUS PLAN FOR EXECUTIVE OFFICERS
EMERGENT
BIOSOLUTIONS INC.
ADOPTED
FEBRUARY 25, 2010
Annual
bonuses to be awarded to the chief executive officer (“CEO”), president and
chief operating officer (“President”) and other executive officers of Emergent
BioSolutions Inc. (“Company”) shall be made in accordance with the terms and
conditions of the Company’s Annual Bonus Plan for Executive Officers
(“Plan”). The Plan is not the exclusive vehicle for awarding bonuses
to executive officers. The Committee may also make discretionary
bonuses outside of the framework of the Plan. The Plan is not
contained in a formal written document; however, a summary of the material terms
of the Plan is set forth below.
Each
participant’s annual bonus under the Plan will be determined by multiplying the
participant’s annual base salary by (a) a target bonus percentage for such
participant, (b) a corporate factor ranging from 0 to 1.5, based on the
Company’s achievement of corporate goals determined by the Committee, and (c) an
individual factor ranging from 0 to 1.5, based on an evaluation of each
participant’s performance of day-to-day responsibilities, behavioral
competencies, and participation in the achievement of the corporate goals and
achievement of individual goals determined by the Committee. The Plan will apply
to bonuses that are earned in 2010 and are payable in 2011, and for each year
thereafter.
The
Company’s corporate goals will be set at the beginning of each year by the
Committee, based on recommendations by the Company’s management. At
the end of the year, the Committee will determine the corporate factor based on
a quantitative and qualitative review of performance. Each
participant’s individual goals will be set at the beginning of each
year. A year-end evaluation of each participant may weight individual
goals, and the applicable individual factor will be determined based on a
quantitative and qualitative review of performance. The Committee’s
chair will recommend the CEO’s individual goals and individual factor to the
Committee, the CEO will recommend the President’s individual goals and
individual factor to the Committee, and the CEO and President will recommend the
individual goals and individual factor of each other Plan participant to the
Committee. All individual goals and individual factors will be set by
the Committee.