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EXHIBIT 10.2
2011 EXECUTIVE OFFICER CASH COMPENSATION ARRANGEMENTS
On June 23, 2011, the Compensation Committee of the Board of Directors (the “Committee”) of NeoPhotonics Corporation (the “Company”) approved an increase to the annual base salaries, effective May 16, 2011, for the following named executive officers of the Company:
| Named Executive Officer |
Base Salary Effective May 16, 2011 |
|||
| Timothy S. Jenks, President and Chief Executive Officer |
$ | 337,920 | ||
| Dr. Raymond Cheung, Vice President and Chief Operating Officer |
$ | 299,605 | ||
| James D. Fay, Vice President and Chief Financial Officer |
$ | 291,840 | ||
| Benjamin L. Sitler, Vice President of Global Sales |
$ | 231,424 | ||
| Dr. Wupen Yuen, Vice President of Product Development and Engineering |
$ | 220,160 | ||
Approval of Compensation Arrangements for Chief Executive Officer
The Committee approved the following compensation arrangement for Mr. Timothy S. Jenks, the Company’s President and Chief Executive Officer: a bonus of $25,000 payable in cash for services performed.
Approval of Compensation Arrangements for Chief Financial Officer
The Committee approved the following compensation arrangement for Mr. James D. Fay, the Company’s Vice President and Chief Financial Officer: a bonus of $12,500 payable in cash for services performed.