SYNM » Topics » Annual Incentive Compensation

This excerpt taken from the SYNM 8-K filed Jan 27, 2006.

Annual Incentive Compensation

On January 23, 2006, the Committee also exercised its discretion to grant 4,336 shares of Common Stock under the Company’s annual incentive plan to Larry Weick, the Company’s Senior Vice President—Business Development, after considering Mr. Weick’s individual performance and contribution to the Company’s attainment of strategic business objectives and certain financial objectives. The Committee also approved grants of Common Stock to other executive officers and employees of the Company.

This excerpt taken from the SYNM DEF 14A filed Mar 30, 2005.

Annual Incentive Compensation

 

Annual bonuses are paid to our executive officers pursuant to our annual incentive compensation plan, which provides for stock or cash bonuses based on achievement over the course of the year of performance objectives approved by the board prior to that year’s annual meeting of stockholders. Executive officers may receive up to 15% of their annual salary depending on the achievement of individual and company goals during the year.

 

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