This excerpt taken from the CERS 8-K filed Aug 5, 2009.
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Employment Agreement with Laurence Corash
On July 30, 2009, Cerus Corporation (the Company) entered into an employment letter with Laurence Corash (the Employment Letter). Pursuant to the terms of the Employment Letter, Dr. Corash will serve as the Companys Senior Vice President & Chief Medical and Chief Scientific Officer and is eligible to receive the following compensation, effective as of May 1, 2009 (the Effective Date):
The foregoing description is a summary and is qualified in its entirety by reference to the Employment Letter.