Attached files
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| 8-K - FORM 8-K - ONYX PHARMACEUTICALS INC | f58195e8vk.htm |
EXHIBIT 10.19
Base Salaries for Fiscal Year 2011, Cash Bonuses for Fiscal Year 2010 and 2011 Equity Compensation Awards
| 2011 Stock | 2011 Restricted | 2011 Restricted | ||||||||||||||||||
| Option Grant (1) | Stock Award (2) | Stock Units (3) | ||||||||||||||||||
| Name and Title | 2011 Salary | 2011 Bonus | (shares) | (shares) | (shares) | |||||||||||||||
N. Anthony Coles, M.D. |
$ | 701,000 | $ | 452,920 | 105,000 | 15,000 | 50,000 | |||||||||||||
President and Chief Executive Officer |
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Matthew K. Fust |
$ | 452,100 | $ | 159,970 | 42,000 | 6,000 | 22,500 | |||||||||||||
Executive Vice President and Chief
Financial Officer |
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Laura Brege |
$ | 487,100 | $ | 170,122 | 35,000 | 5,000 | 22,500 | |||||||||||||
Executive Vice President, Corporate
Affairs |
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Juergen Lasowski, Ph.D. |
$ | 406,600 | $ | 136,537 | 78,500 | (4) | 5,500 | 22,500 | ||||||||||||
Executive Vice President, Corporate
Development & Strategy |
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Suzanne M. Shema, J.D. |
$ | 396,900 | $ | 137,480 | 38,500 | 5,500 | 12,500 | |||||||||||||
Senior Vice President, General Counsel |
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| (1) | One-eighth of the shares subject to the stock options will vest on the six month anniversary of the date of grant and the remaining shares will vest in equal monthly installments over the following 42 months. | |
| (2) | One-third of the shares subject to the restricted stock award will vest on the one year anniversary of the date of grant and the remaining shares will vest in two equal installments on the second and third anniversaries of the date of grant. | |
| (3) | The restricted stock units are subject to performance objectives set by the Compensation Committee (the “Committee”) of the Board of Directors and will vest in full or part based on achievement of the performance metrics. If the Committee concludes that the goals have not been met by January 1, 2014, the shares will be forfeited. | |
| (4) | This stock option grant includes 40,000 stock options, which will vest in equal monthly installments over 48 months. |