EX-10.10
from 10-Q
1 page
As an Integral Component of This Appointment, You Will Be Paid a Biweekly Base Salary of $12,692.31 (Which Aggregates to $330,000 Over a 12-Month Period). This New Position Has an Annual Bonus Target of 100% of Your Annual Base Salary. Actual Payout Will Range From 0% to 150% of Your Target Bonus, Depending on Company Performance. Additionally, You Will Receive an Acceptance Bonus of $35,000 (Net) Per Year for Five Years Payable Each Year in the Second Pay Check Every July. as Part of You Promotion the Compensation Committee of the Board of Directors Has Approved a Grant of 15,000 Restricted Stock Units Effective on the Date of Your Promotion. the Restricted Stock Units Will Cliff Vest 5 Years After the Date of Grant. I Know You Will Continue to Add Tremendous Value to Our Organization and I Look Forward to Working With You as We Drive Forward to Achieve Our Ambitious Goals. if You Accept This Promotion, Please Sign in the Space Indicated Below and Return the Document to Human Resources. Sincerely, Accepted, /S/ Chris Gleeson /S/ Hany Massarany July 9, 2007 Chris Gleeson Hany Massarany Date President and CEO
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EX-10.13
from 10-Q
3 pages
You Will Be Paid a Bi-Weekly Salary of $10,961.53 (Which Aggregates to $285,000 Over a 12-Month Period). in Addition, You Will Have an Annual Target Bonus Equal to 65% of Your Annual Salary. Actual Payout Will Range From 0 to 1.5x Your Target Bonus, Depending Upon Personal and Company Performance. Your 2007 Bonus Will Be Prorated for Time Worked. Bonus Payment Is Typically Made Annually at the Completion of Each Year. in 2007 You Will Receive a Guaranteed Minimum Bonus Payment Equal to 50% of Your Bonus Target. Your 2007 Bonus Guarantee May Be Exceeded Depending Upon Performance. We Believe This Will Result in a Smooth and Successful Transition to Ventana. You Will Also Receive a One Time Sign-On Bonus of $25,000 (Gross) Payable the First Pay Period Following 30 Days of Your Start Date. if You Leave Ventana During the First 12 Months Following Your Date of Hire, You Will Be Required to Repay Ventana in Full for Your Sign-On Bonus. Ventana Also Provides an Annual Merit Review Process Whereby Employees Have the Opportunity to Receive Merit Increases Based on Their Performance Over the Review Period. Stock Options
12/34/56