EXHIBIT 10.1

Executive Officer Compensation Arrangements (2006 Bonus)

On September 7, 2006, the Compensation Committee of the Board of Directors of
NeuroMetrix, Inc. (the “Company”) determined the following compensation
information for certain executive officers of the Company regarding target cash
bonuses for 2006.  This compensation information is as follows:

Name

 

Title

 

2006 Target Bonus
($ and % of Base Salary)(1)

 

Shai N. Gozani, M.D., Ph.D.

 

Chairman, President and Chief Executive Officer

 

 

$

131,250 (50%)

 

 

 

 

 

 

 

 

Gary Gregory

 

Chief Operating Officer

 

 

$

123,375 (50%)

 

 

 

 

 

 

 

 

W. Bradford Smith

 

Chief Financial Officer

 

 

$

69,300 (30%)

 

 

 

 

 

 

 

 

Guy Daniello

 

Senior Vice President of Information Technology

 

 

$

47,545 (25%)

 

 

 

 

 

 

 

 

Michael Williams

 

Senior Vice President of Engineering

 

 

$

49,612 (25%)

 

 

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(1)             The award of cash bonuses in 2006 will be determined by the
Compensation Committee based on the executive officer’s and the Company’s
achievement of a number of objective and subjective goals specifically
established for each executive officer by the Compensation Committee.

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