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Exhibit 10.47    
    

SUMMARY OF EXECUTIVE OFFICER COMPENSATION  

Executive Officer Compensation—Payout of 2007 Bonuses  

        On January 24, 2008, the Compensation Committee (the "Committee") of the Board of Directors of Sepracor Inc. (the "Company") approved bonus payments
to the Company's executive officers with respect to their performance during 2007. The following table sets forth the bonus payments for 2007 paid to each of the Company's executive officers. 

	Executive Officer
 
	 	2007 Target

Bonus
	 	2007 Bonus

Payment
	 
	Timothy J. Barberich
 Executive Chairman; Former Chief Executive Officer	 	$	731,500	 	$	660,000	 
	Adrian Adams
 President and Chief Executive Officer	 	$	800,000	 	$	666,640	(1)
	Mark H.N. Corrigan, M.D.
 Executive Vice President, Research and Development	 	$	258,638	 	$	235,000	 
	David P. Southwell
 Executive Vice President, Chief Financial Officer and Secretary	 	$	252,890	 	$	230,000	 
	Andrew I. Koven
 Executive Vice President, General Counsel and Corporate Secretary	 	$	250,000	 	$	210,000	(1)
	Robert F. Scumaci
 Executive Vice President, Finance and Administration, Treasurer	 	$	247,143	 	$	225,000	 
	Mark Iwicki
 Executive Vice President, Chief Commercial Officer	 	$	285,000	 	$	75,000	(2)

	(1)
	Amount
represents the portion of target bonuses payable to Messrs. Adams and Koven pro rated from the start of their employment in March 2007.

	(2)
	Mr. Iwicki
was guaranteed a 2007 bonus of $75,000. 

Executive Officer Compensation for 2008—Base Salary and Target Bonus  

        On January 24, 2008, the Committee approved the annual base salaries to be paid to the Company's executive officers during 2008. In addition, the Committee
established target bonuses for each executive officer as a percentage of each executive officer's annual base salary. Each executive officer's bonus for 2008 shall be determined based on, among other
things, the Company's overall performance, as well as such officer's individual performance, during 2008. The following table sets 

forth
the annual base salary for 2008 and 2008 target bonus for each of the Company's executive officers. 

	Executive Officer
 
	 	Annual Base

Salary for 2008
	 	2008 Target

Bonus Percentage
	 	2008

Target Bonus

	Timothy J. Barberich	 	$	960,000	 	80	%	$	768,000
	Adrian Adams	 	$	1,050,000	 	100	%	$	1,050,000
	Mark H.N. Corrigan, M.D. 	 	$	545,000	 	50	%	$	272,500
	David P. Southwell	 	$	530,000	 	50	%	$	265,000
	Andrew I. Koven	 	$	525,000	 	50	%	$	262,500
	Robert F. Scumaci	 	$	520,000	 	50	%	$	260,000
	Mark Iwicki	 	$	500,000	 	60	%	$	300,000

Stock Option and Restricted Stock Awards  

        Each executive officer may also be granted stock options, restricted stock or other awards pursuant to the Company's equity incentive plans. The Committee may
approve annual equity awards at its meeting that coincides with the Company's annual meeting of stockholders and may approve grants to newly named executive officers at its first meeting following the
executive's first day of employment. With the approval of the full Board, additional equity awards may be granted to executive officers. 

Other Compensation  

        The Company has also (1) entered into employment agreements with Messrs. Adams, Koven and Iwicki, (2) entered into letter agreements that
include severance provisions with Dr. Corrigan and Messrs. Scumaci and Southwell, (3) entered into executive retention agreements with each of its executive officers,
(4) entered into an executive retirement agreement with Mr. Barberich, and (5) agreed to make gross up payments to each of its executive officers in the event that any payments
received by them in connection with a change of control constitute parachute payments under Section 280G of the Internal Revenue Code of 1986, as amended. The Company has previously filed these
letter agreements, employment agreements, executive retention agreements, executive retirement agreement and a summary of the 280G gross up plan with the Securities and Exchange Commission. 

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Exhibit 10.48    
    

SEPRACOR INC.

SUMMARY OF NON-EMPLOYEE DIRECTOR COMPENSATION  

        Sepracor Inc. (the "Company") does not pay directors who are also employees of the Company any additional compensation for their service as a director. The
Company does pay its non-employee directors for their service. The Company provides the following equity-based and cash-based compensation to its non-employee
directors: 

	•
	an
option to purchase 20,000 shares of common stock upon initial election to the board, such stock option terminating on the earlier of ten years following the grant date
and one year after the director ceases to serve on the board, and vesting as to 2,000 shares on the first anniversary of the grant date and as to 20% of the shares annually thereafter;

	•
	an
option to purchase 10,000 shares of common stock on the date of each annual meeting of stockholders following which the director will continue to serve, assuming he or
she has been serving on the board for at least six months, such stock option terminating on the earlier of ten years after the grant date and one year after the director ceases to serve on the board,
and vesting on the date which is one business day prior to the next annual meeting of stockholders;

	•
	a
grant of 5,000 shares of restricted common stock on the date of each annual meeting of stockholders following which the director will continue to serve, assuming he or she
has been serving on the board for at least six months, such grant vesting on the date which is one business day prior to the next annual meeting of stockholders;

	•
	$45,000
per year for service as a director;

	•
	$2,500
for each meeting of the board attended;

	•
	an
additional $8,000 per year for the lead director's service on the board;

	•
	an
additional $12,000 per year for a director's service on the audit committee, other than as chairman;

	•
	an
additional $15,000 per year for a director's service as the chairman of the audit committee;

	•
	an
additional $6,000 per year for a director's service on the compensation committee, other than as chairman;

	•
	an
additional $8,000 per year for a director's service as the chairman of the compensation committee;

	•
	an
additional $6,000 per year for a director's service on the nominating and corporate governance committee, other than as chairman;

	•
	an
additional $8,000 per year for a director's service as the chairman of the nominating and corporate governance committee; and

	•
	expense
reimbursement for attending board and committee meetings. 

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Exhibit 10 (t)    
    

Summary of Compensation Arrangements with Executive Officers

dated as of January 22, 2008  

        The following summarizes the current cash compensation and benefits received by the Company's Chief Executive Officer and its other four most highly compensated
executive officers (the "Named Executive Officers") as of January 1, 2008. It 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. 

Base Salaries 

        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 determines the salaries
that are paid to the Company's executive officers, including the Named Executive Officers. The annual base salaries as of January 22, 2008 are as follows: 

	R. Randall Rollins, Chairman of the Board	 	$	900,000
	Gary W. Rollins, President, Chief Executive Officer and Chief Operating Officer	 	$	1,000,000
	Harry J. Cynkus, Chief Financial Officer and Treasurer	 	$	450,000
	Michael W. Knottek, Senior Vice President and Secretary	 	$	415,000
	Glen Rollins, Vice President	 	$	680,000

        The
Named Executive Officers are also eligible to participate in the Company's regular benefit plans and programs, as described below. Compensation paid or earned during fiscal 2007, is
included in the Company's 2007 Proxy Statement. 

Cash Incentive Plan 

        All
of the executive officers of the Company are eligible to participate in the Plan, at the discretion of the Compensation Committee. Bonus awards under the Plan provide participants an
opportunity to earn an annual bonus in a maximum amount of 80% of base salary (proposed to increase to 100% of base salary for 2008, subject to stockholder approval) or $2 million per
individual per year, whichever is less. 

        Whether
a bonus is payable, and the amount of any bonus payable, is contingent upon achievement of certain performance goals, which are measured according to one or more of the following
three targeted financial measures: revenue growth, pretax profit plan achievement, and pretax profit improvement over the prior year. 

        Unless
sooner amended or terminated by the Compensation Committee, the Plan will be in place until April 22, 2008. A new plan is subject to stockholder approval. 

        Messrs. Knottek
and Cynkus also participate in the Company's Home Office Plan. Under the Home Office Plan, participants receive an opportunity to earn bonuses based on certain key
operating initiatives and customer service survey results. The Home Office Plan is implemented through the annual grant of individual bonus opportunities as described above. 

Stock Options and Other Equity Awards 

        The
Named Executive Officers are eligible to receive options and restricted stock under the Company's stock incentive plans in such amounts and with such terms and conditions as
determined by the Committee at the time of grant. 

1

 

Automobile Usage  

        The Company provides an automobile or automobile allowance to its executive officers. 

Airplane Usage  

        The Company requires the Chairman and President & CEO to use Company aircraft for all travel whenever practicable for security reasons. The Company also
makes a payment to its eligible executives in the form of a gross-up for taxes due for this airplane usage. 

Other Benefits  

        The Named Executive Officers also participate in the Company's regular employee benefit programs, which include a defined benefit retirement plan, a 401(k) plan
with Company match, group medical and dental coverage, group life insurance and other group benefit plans. They are also provided with additional life insurance benefits, as well as
long-term disability. The Named Executives Officers are also eligible to participate in the Company's deferred compensation plan. 

2

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Exhibit 10 (t)

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