Attached files
EXHIBIT 10.55
2010 and 2011 Executive Officer Compensation Arrangements
Executive Officer |
2010
Base Salary Rate(1) |
2010 Target Bonus as % of Annual Base Salary Rate |
2011 Base Salary Rate(2) |
2011 Target Bonus as % of Annual Base Salary Rate |
||||||||||||
Bruce C. Cozadd |
$ | 500,000 | 60 | $ | 575,000 | 65 | ||||||||||
Chairman and Chief Executive Officer |
||||||||||||||||
Russell J. Cox(3)(4) |
$ | 260,000 | 20-35 | $ | 325,000 | 40 | ||||||||||
Senior Vice President, Sales and Marketing |
||||||||||||||||
Michael A. DesJardin |
$ | 285,000 | 40 | $ | 288,000 | 40 | ||||||||||
Senior Vice President, Product Development |
||||||||||||||||
Mark G. Eller, Ph.D. |
$ | 280,000 | 40 | $ | 288,000 | 40 | ||||||||||
Senior Vice President, Research and Clinical Development |
||||||||||||||||
Kathryn E. Falberg |
$ | 365,000 | 40 | $ | 380,000 | 40 | ||||||||||
Senior Vice President and Chief Financial Officer |
||||||||||||||||
Carol A. Gamble |
$ | 361,000 | 40 | $ | 362,000 | 40 | ||||||||||
Senior Vice President, General Counsel and Corporate Secretary |
||||||||||||||||
Robert M. Myers(5) |
$ | 448,000 | 50 | | | |||||||||||
President |
||||||||||||||||
Janne L. T. Wissel |
$ | 361,000 | 40 | $ | 362,000 | 40 | ||||||||||
Senior Vice President, Chief Regulatory and Compliance Officer |
||||||||||||||||
Joan E. Colligan |
$ | 217,250 | 10-30 | $ | 217,250 | 10-30 | ||||||||||
Controller and Principal Accounting Officer |
(1) | Base salary rate beginning March 1, 2010. |
(2) | Base salary rate beginning March 1, 2011. |
(3) | Mr. Cox joined the company as Vice President of Marketing on July 21, 2010. |
(4) | Mr. Cox became Senior Vice President, Sales and Marketing effective January 7, 2011 and his base salary rate, as of that date until March 1, 2011, was increased to $315,000. |
(5) | Mr. Myers resigned as President effective January 14, 2011. In connection with his resignation, Mr. Myers and the company entered into a separation agreement. |