exv10w66



 







EXHIBIT 10.66




2007 COMPENSATION INCENTIVE PLAN

VICE PRESIDENT, CARDIOLOGY SALES, NORTH AMERICA




     Your 2007 bonus compensation will consist of participation in the broader Management Incentive
Program (MIP) per guidelines of Program, and the individualized incentive plan as described herein.



     The 2007 incentive will be based on the revenue and gross profit dollar of the cardiology sales
channel for North America, as internally reported, for the year-ending December 31, 2007. The 2007
sales and gross profit targets have been established by the Company’s Senior Vice President, Sales
and Marketing and approved by the CEO and board of directors.



     As the following tables indicate, at 90% of the both the sales and gross profit dollar targets you
will be eligible for incentive pay of 5% of your base salary at 12/31/07 for each. At between 90%
and 100% of the respective targets, the incentive pay percentage shall increase from 5% by an
additional 1% for each additional 1% of achievement up to 15% for each target. If gross profit
exceeds 100% of target, you will receive another 2% of your base salary for each percentage point
by which gross profit exceeds target.



	 	 	 	 	 	 	 	 	 
	Current	 	% of	 	 	 	 
	Base Salary	 	Target	 	Sales Bonus	 	Gross Profit Bonus
	$215,000

	 	 	90	%	 	5% of Base Salary
	 	5% of Base Salary
	 

	 	 	91	%	 	6% of Base Salary
	 	6% of Base Salary
	 

	 	 	92	%	 	7% of Base Salary
	 	7% of Base Salary
	 

	 	 	93	%	 	8% of Base Salary
	 	8% of Base Salary
	 

	 	 	94	%	 	9% of Base Salary
	 	9% of Base Salary
	 

	 	 	95	%	 	10% of Base Salary
	 	10% of Base Salary
	 

	 	 	96	%	 	11% of Base Salary
	 	11% of Base Salary
	 

	 	 	97	%	 	12% of Base Salary
	 	12% of Base Salary
	 

	 	 	98	%	 	13% of Base Salary
	 	13% of Base Salary
	 

	 	 	99	%	 	14% of Base Salary
	 	14% of Base Salary
	 

	 	 	100	%	 	15% of Base Salary
	 	15% of Base Salary
	 

	 	 	101	+%	 	 	 	+2% for each 1% over 100%






     The total bonus, if any, will be paid no later than 30-days following the conclusion of the audit
of the financial statements for the year ending December 31, 2007 and their filing with the SEC.
The audited financial statements will be used to assure the reasonableness of the revenue amount
used in computing the bonus. If the audit and filing with the SEC is not completed by March 31,
2008, the



 









 





incentive, if any, will be paid during the following month in conjunction with the normal
payroll practices.



     Separation of employment, by resignation or termination, prior to March 31, 2008 will result in the
forfeiture of the sales incentive payment.



     The Incentive Plan is not intended to create any contractual rights or agreement between the
employee and the Company, and as such does not modify, amend or supersede the “at will” nature of
employment with the company. The Incentive Plan and the award of incentive pay is at the sole
discretion of the board of directors, and the company reserves the right to modify, amend or cancel
the Incentive Plan without notice.



     Please sign as acceptance and return one copy to Lynda Melugin, Director, Human Resources, and
retain the other copy for your personal files.



	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 
	Allan Criss
	 	 	 	Darryl Lustig
	Senior Vice President
	 	 	 	Vice President,
Cardiology Sales, North America
	Sales, Marketing and Service, North America
	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Dated:

	 	 	 	 	 	Dated: