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EXHIBIT 10.2
Executive Officer Compensation Arrangements (2006 Salaries)
The following summarizes the compensation arrangements established between Harvard Bioscience, Inc. (the “Company”) and certain executive officers through verbal agreements.
On August 9, 2006, the Compensation Committee of the Board of Directors of the Company determined base salary levels for 2006 for certain executive officers of the Company. The base salary levels established for 2006 for these executive officers are as follows:
Name | Title | 2006 Salary | |||
Chane Graziano | Chief Executive Officer | $ | 486,000 | ||
David Green | President | $ | 400,000 | ||
Bryce Chicoyne | Chief Financial Officer | $ | 200,000 | ||
Susan M. Luscinski | Chief Operating Officer | $ | 250,000 | ||
Mark A. Norige | Chief Operating Officer, Harvard Apparatus Business Unit | $ | 190,000 |