exv10w15



 







    Exhibit 10.15



 




    SUMMARY
    OF COMPENSATION ARRANGEMENTS

    WITH NAMED EXECUTIVE OFFICERS AND DIRECTORS

    (EFFECTIVE JANUARY 1, 2007)



 




    Named
    Executive Officers



 



    The following summarizes the current cash compensation and
    benefits received by the Company’s Chief Executive Officer,
    its Chief Financial Officer and its next three most highly
    compensated executive officers for the fiscal year ended
    December 31, 2006 (the “Named Executive
    Officers”). The following is intended to be a summary of
    existing oral, at will arrangements, and in no way is intended
    to provide any additional rights to any of the Named Executive
    Officers.



 



    None of the Company’s executive officers has a written
    employment agreement with the Company. The executive officers of
    the Company serve at the discretion of the Board of Directors.
    The Compensation Committee of the Board (the
    “Committee”) reviews and recommends to the Board the
    compensation that is paid to the Company’s executive
    officers, including the salaries of the Named Executive
    Officers. The salaries of the Named Executive Officers as of
    January 1, 2007 are as follows:



 


	 	 	 	 	 
	

    Name and Position


	
 
	
    Salary
	
 

	 

	

    J. Boyd Douglas
    


	
 
	
    $
	
    500,000
	
 

	

    President, CEO and
    Director


	
 
	
 
	
 
	
 

	

    M. Stephen Walker
    


	
 
	
    $
	
    375,000
	
 

	

    Vice President —
    Finance and CFO


	
 
	
 
	
 
	
 

	

    Thomas W. Peterson
    


	
 
	
    $
	
    400,000
	
 

	

    Senior Vice
    President — Clinical Software Sales


	
 
	
 
	
 
	
 

	

    Victor S. Schneider
    


	
 
	
    $
	
    250,000
	
    (1)

	

    Senior Vice
    President — Corporate and Business
    Development


	
 
	
 
	
 
	
 

	

    Troy D. Rosser
    


	
 
	
    $
	
    200,000
	
    (1)

	

    Vice President —
    Sales
    


	
 
	
 
	
 
	
 









 





 




			
	
    (1) 		
    In addition to this base salary, Messrs. Schneider and
    Rosser are eligible to receive sales commissions. Such
    commissions are included each year as part of these
    individuals’ salaries for purposes of determining their
    status as Named Executive Officers.



 



    The Named Executive Officers are eligible to receive
    discretionary bonuses. The Named Executive Officers are also
    eligible to participate in the Company’s the 2002 Stock
    Option Plan and the 2005 Restricted Stock Plan, as well as the
    Company’s regular benefit plans and programs. All executive
    benefit plans and forms of agreements are filed as exhibits to
    the Company’s Exchange Act filings. Information regarding
    these plans and agreements, as well as compensation earned by
    the Named Executive Officers during fiscal 2006, will be
    included in the Company’s 2007 Proxy Statement.



 




    Directors



 



    Current director compensation arrangements provide that
    non-employee directors, other than members of the Audit
    Committee, will receive an annual retainer of $10,000. Each
    director who is a member of the Audit Committee receives an
    annual retainer of $15,000. Each non-employee director also
    receives an attendance fee of $2,000 for each regular quarterly
    meeting of the Board of Directors. Directors are also reimbursed
    for their expenses incurred in attending any meeting of
    directors.