In order to capture the return to shareholders during the fiscal year, the calculation of The Index is calculated based on the publicly available AMEX Biotechnology Index (or Since achievement of a large increase in Indevus Common Stock either overĪn Index or over its price at the beginning of the fiscal year is beneficial to theĬompanys shareholders, the calculation is made based on the higher one. All or a portion of this goal will be earned based on the higher of the formulas derivedįrom either the (a) relative stock performance of Indevus Common Stock during theįiscal year or (b) the actual percentage increase in Indevus Common Stock during theįiscal year. Acquire or in-license a significant new asset (significance to be determined by the Commence multi-dose Phase I trial for IV aminocandin Commence GMP production of clinical trial material for final QD formulation of Obtain FDA approval to market Trospium in the United States Complete a development/marketing partnership for Trospium on terms approved by the Board of Directors The allocation of the Presidents pool will be made at the discretion of the Board of Directors. The President may allocate any amount to any Executive Vice President, including none, but he may not exceed the pool for each individual (50%). The allocation of the pool will be made by the President to the other participants based on participants performance particularly as it relates to his objectives for the year as jointly established with the President. The relative weighting of each area has been determined by management and the Compensation Committee, and the total of all areas in Section 4 is equal to 100% of the Base Bonus Pool. The amount of Base Bonus Pool received will be calculated based on the following Performance Areas: (a) Business Development (b) R&D Clinical Development (c) Acquisition/In-licensing (d) Common Stock Performance and (e) Corporate Finance. (Base Salary is defined as the Base Salary at the time bonuses are paid.) Glenn Cooper (President), Mark Butler (Executive Vice President), Michael Rogers (Executive Vice President), and Bobby Sandage (Executive Vice President).īase Bonus Pool: Up to 60% of Glenn Coopers base salary up to 50% of the base salaries of the Executive Vice Presidents (Messrs. EX-10.135 5 dex10135.htm FISCAL YEAR 2004 SENIOR EXECUTIVE BONUS PLAN FISCAL YEAR 2004 SENIOR EXECUTIVE BONUS PLANįISCAL YEAR 2004 SENIOR EXECUTIVE BONUS PLAN
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