Exhibit 10.4
2013 and 2014 Executive Officer Compensation Arrangements
The compensation for the executive officers of Cerus Corporation regarding annual base salaries and target bonus percentages were as follows:
Name | 2013 Annual Base Salary(1) | 2013 Targeted Bonus (as a % of 2012 Annual Base Salary) | 2014 Annual Base Salary(1) | 2014 Targeted Bonus (as a % of 2013 Annual Base Salary) | ||||||||||||
William M. Greenman President and Chief Executive Officer | $ | 500,000 | 60 | % | $ | 525,000 | 60 | % | ||||||||
Laurence M. Corash, M.D. Senior Vice President, Chief Scientific Officer | $ | 399,866 | 40 | % | $ | 407,863 | 40 | % | ||||||||
Carol Moore Senior Vice President, Regulatory Affairs, Quality and Clinical | $ | 316,891 | 40 | % | $ | 326,398 | 40 | % | ||||||||
Chrystal N. Menard Chief Legal Officer | $ | 280,000 | 35 | % | $ | 301,000 | 40 | % | ||||||||
Kevin D. Green Vice President, Finance and Chief Financial Officer(2) | $ | 279,607 | 35 | % | $ | 313,160 | 40 | % | ||||||||
Caspar Högeboom(3) President, Cerus Europe B.V. | $ | 301,961 | 40 | % | $ | 325,980 | 40 | % | ||||||||
| (1) | Annual base salary was effective March 1, 2013. |
| (2) | Mr. Green’s title changed from Vice President, Finance and Chief Accounting Officer to Vice President and Chief Financial Officer effective February 28, 2013. |
| (3) | Mr. Högeboom’s 2013 annual base salary of €230,153 has been converted from Euros to United States dollar by applying an average exchange rate of €1 to $1.312 which was the exchange rate in effect on March 1, 2013. Mr. Högeboom’s 2014 annual base salary of €237,059 has been converted from Euros to United States dollar using the exchange rate of €1 to $1.3751, which was the exchange rate in effect on March 1, 2014. |