Exhibit 10.2

 

Schedule of Executive Officer Compensation

 

Set forth below is a description of the compensation that the Board of Directors
of Vital Images, Inc. determined to pay to its named executive officers (defined
in Item 402(a)(3) of Regulation S-K) in their current positions for the year
ending December 31, 2006.

 

 

Name

 

2006 Base
Salary(1)

 

Securities Underlying 2006
Stock Option Awards(#)(2)

 

Securities Underlying 2006
Restricted Stock Awards(#)(3)

 

Jay D. Miller, President and Chief Executive Officer

 

$

320,000

 

25,000

 

4,000

 

Michael H. Carrel, Chief Operating Officer and Chief Financial Officer

 

$

240,000

 

10,000

 

—

 

Susan A. Wood, Executive Vice President, Marketing and Clinical Development

 

$

195,000

 

5,000

 

—

 

Philip I. Smith, Executive Vice President, Corporate Development

 

$

195,000

 

10,000

 

—

 

Steven P. Canakes, Executive Vice President, Global Sales

 

$

190,000

 

10,000

 

1,000

 

Stephen S. Andersen, Vice President, Vital Images Europe

 

$

170,000

 

5,000

 

500

 

Jeremy A. Abbs, Vice President, Quality and Customer Satisfaction

 

$

155,000

 

7,500

 

500

 

 

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(1)  In addition, each Executive Officer has a bonus target equal to up to 50%
of his base salary (60% in the case of the President and Chief Executive
Officer). Of the total amount of the potential bonus, 75% is based on the
Company achieving certain financial targets, and 25% is based on the achievement
of individual goals and objectives. All Executive Officer bonuses are subject to
the discretion of the Board.

 

(2)  Under the Vital Images, Inc. 1997 Stock Option and Incentive Plan, each
Executive Officer has been granted stock option awards for the number of shares
noted. Stock option awards vest at 28% in the first year from the grant date,
and 2% per month thereafter. The stock options have a term expiring on March 9,
2014, and the $32.14 per share exercise price of the options is equal to the
fair market value of the Company’s common stock on the date each option was
granted.

 

(3)  Under the Vital Images, Inc. 1997 Stock Option and Incentive Plan, each
Executive Officer has been granted restricted stock awards for the number of
shares noted. Restricted stock awards vest as to 25% of the number of shares
subject to the restricted stock award per year, beginning one year from the date
of grant and continuing until four years from the date of grant.

 

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