Exhibit
10.10.2
Summary Sheet for
Executive Officer Compensation
Base Salary
In December 2008, the
Compensation Committee of the Board of Directors made
determinations with respect to the salaries to be paid to executive
officers in 2009 and the bonuses and stock options to be awarded to
the executive officers for services in 2008 as follows:
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Name
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2009 Annual
Base Salary
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2008 Annual
Bonus
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Stock Options
Awarded
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Mark S. Gorder,
President and Chief Executive Officer
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$
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350,000
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$
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—
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20,000
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Scott Longval,
Chief Financial Officer and Treasurer
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$
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165,000
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$
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—
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10,000
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Steven M. Binnix,
Vice President and General Manager of RTIE
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$
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175,000
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$
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—
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5,000
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Christopher D. Conger,
Vice President, Research and Development
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$
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185,000
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$
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—
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10,000
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Michael P. Geraci,
Vice President, Sales and Marketing
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$
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200,000
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$
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—
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10,000
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Dennis L. Gonsior,
Vice President, Global Operations
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$
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185,000
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$
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—
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10,000
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Greg Gruenhagen
Vice President of Corporate Quality
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$
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125,000
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$
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—
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10,000
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The exercise price of the stock
options is equal to $4.69 per share, the closing price of the
common stock of the Company on the date of the Compensation
Committee meeting. The options will vest in three equal, annual
installments beginning one year after the date of grant, except
that they will become immediately exercisable upon a “change
in control” as defined in the 2006 Equity Incentive Plan or
upon the death or disability of the recipient, and will expire ten
years after the date of grant, unless terminated earlier by the
terms of the option.
2009 Incentive
Plan
In February 2009, the
Compensation Committee adopted the Annual Incentive Plan for
Executives and Key Employees for Fiscal Year 2009 (t
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