TPTX » Topics » Executive and Director Compensation Process.

This excerpt taken from the TPTX DEF 14A filed Apr 24, 2008.

Executive and Director Compensation Process.

 

The following is an overview of our processes and procedures for the consideration and determination of executive compensation. The specific determinations of the Compensation Committee with respect to executive compensation for fiscal 2007 are described in greater detail in the “Compensation Discussion and Analysis” section of this proxy statement.

 

At the beginning of each year the Compensation Committee meets with our management team to specify a limited number of key corporate goals for the upcoming year.   Additionally, the Compensation Committee works with the Chief Executive Officer to establish goals specific to the Chief Executive Officer. At the end of the year the Compensation Committee reviews corporate performance and establishes the achievement level of each goal.  The Compensation Committee also reviews the performance of the Chief Executive Officer and establishes the achievement level of his goals.

 

This excerpt taken from the TPTX DEF 14A filed Apr 23, 2007.

Executive and Director Compensation Process.

The following is an overview of our processes and procedures for the consideration and determination of executive compensation. The specific determinations of the Compensation Committee with respect to executive compensation for fiscal 2006 are described in greater detail in the “Compensation Discussion and Analysis” section of this proxy statement.

At the beginning of each year the Compensation Committee meets with our management team to specify a limited number of key corporate and individual goals for the upcoming year. These goals are then weighted to reflect their importance in determining overall corporate performance. At the end of the year the Compensation Committee reviews corporate and individual performance and establishes the achievement level of each goal.

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