ANAD » Topics » Chief Technical Officer

This excerpt taken from the ANAD DEF 14A filed Mar 27, 2009.
Chief Technical Officer. The Company entered into an employment agreement with Dr. Charles Huang, Executive Vice President and Chief Technical Officer in 2000, amended in 2005. The terms of the agreement provide that if the employee is terminated by the Company following a “Change of Control” or if the employee terminates employment with the Company as a result of a reduction in responsibilities and duties or a reduction in compensation following a “Change of Control”, the employee shall be entitled to receive (A) up to 12 months of base salary and bonus, (B) payment of the annual bonus (at 100% of target) prorated for the number of months worked, (C) health benefits for a maximum of 12 months, and (D) immediate vesting of all stock options and (E) executive outplacement services for six months.  

This excerpt taken from the ANAD DEF 14A filed Apr 15, 2008.
Chief Technical Officer. The Company entered into an employment agreement with Charles Huang, Executive Vice President and Chief Technical Officer in 2000, amended in 2005. The terms of the agreement provide that if the employee is terminated by the Company following a change in control or if the employee terminates employment with the Company as a result of a reduction in responsibilities and duties or a reduction in compensation following a change in control, the employee shall be entitled to receive (A) up to 12 months of base salary and bonus, (B) payment of the annual bonus (at 100% of target) prorated for the number of months worked, (C) health benefits for a maximum of 12 months, and (D) immediate vesting of all stock options and (E) executive outplacement services for six months.  

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