OSIR » Topics » Summary Compensation Table

This excerpt taken from the OSIR DEF 14A filed Apr 29, 2008.

Summary Compensation Table

        The following table shows the total compensation paid or accrued during 2007 and 2006 to our Chief Executive Officer, our Chief Financial Officer and each of our four next most highly compensated executive officers who earned more than $100,000 during 2007.

Name and Principal Position

  Year
  Salary
($)

  Bonus
($)(1)

  Stock Awards
($)(2)

  Option Awards
($)(2)

  Non-Equity Incentive Plan Compensation
($)

  Nonqualified Deferred Compensation Earnings
($)

  All Other Compensation
($)(3)

  Total
($)


C. Randal Mills
President and Chief
Executive Officer

 

2007
2006

 

394,167
315,000

 

90,000
90,000

 



 

317,840
594,428

 



 



 



 

802,007
999,428

Harry E. Carmitchel
Chief Operating Officer

 

2007
2006

 

173,542
153,750

 

60,000
36,000

 



 

75,487
148,607

 



 



 



 

309,029
338,357

Cary J. Claiborne
Chief Financial Officer(4)

 

2007
2006

 

189,917
184,500

 


40,000

 



 


89,164

 



 



 

175,141

 

365,058
313,664

Philip R. Jacoby, Jr.
Interim Chief Financial Officer

 

2007
2006

 

131,792
118,000

 

10,000
10,000

 



 

18,332
9,750

 


 


 


 

160,124
137,750

Earl R. Fender
Vice President and General
Manager of Orthopedics(5)

 

2007
2006

 

234,167
125,337

 

70,000
42,000

 



 

219,765

 



 



 


108,267

 

523,932
275,604

Lode Debrabandere
Vice President and General
Manager, Inflammatory Diseases

 

2007
2006

 

229,583
94,615

 

40,000
26,600

 



 

167,408

 



 



 



 

436,991
121,215

Michelle LeRoux Williams
Vice President of Development

 

2007
2006

 

146,667
120,000

 

60,000
10,000

 



 

32,112
6,167

 



 



 



 

238,779
136,167

(1)
Represents bonus payments that were paid in 2008 on account of named executive officer performance in 2007, and bonus payments made in 2007 on account of named executive officer performance in 2006.

(2)
These amounts reflect the non-cash amounts recognized for financial statement purposes for 2007 and 2006 in accordance with FAS Statement 123(R) of stock based awards pursuant to our stockholder approved equity plans. Assumptions used in the calculations of these amounts are included in "Management's Discussion and Analysis of Financial Condition and Results of Operations" and "Note 1—Description of Business and Significant Accounting Policies" and "Note 6—Share-Based Compensation" to our Financial Statements in our Annual Report on Form 10-K for the year ended December 31, 2007 and filed with the SEC on March 17, 2008, or Annual Report on Form 10-K for the year ended December 31, 2006 and filed with the SEC on March 17, 2007, as applicable.

(3)
Represents relocation expenses paid to Earl R. Fender pursuant to his employment agreement and severance payments made to Cary J. Claiborne pursuant to his employment agreement upon termination of employment in November 2007.

(4)
Mr. Claiborne's employment terminated on November 23, 2007.

(5)
Mr. Fender's employment terminated on April 23, 2008.

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