Document:

Filed by Bowne Pure Compliance

 

Exhibit 10.2

2007 Award Opportunities

Annual Cash Incentive Plan

The Company’s Annual Cash Incentive Plan (the “Plan”) was approved by shareholders on April 18, 2007. A copy of the
Plan is filed as Exhibit 10.1 to this Quarterly Report on Form 10-Q. As contemplated by the Plan, the Compensation
Committee of the Board of Directors selected the undersigned six executive officers as participants in the Plan for
2007. The Committee selected two of the shareholder-approved performance measures for 2007 under the Plan—earnings per
share (weighted at 66%) and credit quality (weighted at 34%).

The specific targets for the earnings per share performance measure range from a threshold ($1.76) to a maximum
($1.86). The specific targets for the credit quality performance measures are divided equally between net charge-offs
and non-performing loans to total loans and are considered confidential information; however, the Committee set the
targets at levels it believed would represent credit performance at the median or better of the Company’s peer group.

The cash award opportunities (expressed as a percentage of the executive officer’s base salary) for 2007 are as
follows:

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	Target to	 	 	 	 
	 	 	Less than	 	 	Threshold to	 	 	below	 	 	Maximum	 
	 	 	Threshold	 	 	below Target	 	 	Maximum	 	 	or more	 
	Michael T. Vea
	 	 	0	 	 	 	0 - 59	%	 	 	60 - 99	%	 	 	100	%
	Martin M. Zorn
	 	 	0	 	 	 	0 - 44	%	 	 	45 - 79	%	 	 	80	%
	Archie M. Brown
	 	 	0	 	 	 	0 - 44	%	 	 	45 - 79	%	 	 	80	%
	Raymond D. Beck
	 	 	0	 	 	 	0 - 34	%	 	 	35 - 59	%	 	 	60	%
	Roger M. Duncan
	 	 	0	 	 	 	0 - 34	%	 	 	35 - 59	%	 	 	60	%
	Roger D. Watson
	 	 	0	 	 	 	0 - 34	%	 	 	35 - 59	%	 	 	60	%Filed by Bowne Pure Compliance

 

Exhibit 10.3

Sam Martin:

Please be advised that the Company’s commitment to you for relocation from Green Bay, Wisconsin, to
Boulder, Colorado, is as follows:

	 	•	 	$25,000 paid on a gross-up basis.

	 
	 	•	 	Upon sale of home, Company will pay off outstanding mortgage.

	 	•	 	Company will continue to pay mortgage and maintenance on a monthly
basis and/or pay off mortgage and take title of property for resale.

	 	•	 	Company will be responsible for accepting final sale price offer.

	 	 	 
	 

	 	Wild Oats Markets, Inc.
	 
	 	 
	 

	 	/s/ Greg Mays
	 

	 	 
	 

	 	Greg Mays
	 

	 	Chairman and CEO
	 
	 	 
	 

	 	          3/7/07
	 

	 	 
	 

	 	DateFiled by Bowne Pure Compliance

 

EXHIBIT 10.1

October 6, 2006

Mr. David Gryska

180 Taryn Lane

La Selva Beach, CA 95076

Dear David:

I am very pleased at the prospect of your joining the Celgene Leadership Team. After our
collective discussions with you, we firmly believe you will make a significant
contribution to Celgene’s success, and we hope that you will become part of our future. To
that end, we are pleased to offer you the position of Senior Vice President & Chief
Financial Officer.

Cash Compensation

Your semi-monthly compensation for this position will be $18,750.00 (which when annualized
would equal approximately $450,000). Beginning with the plan year 2007, you will be
eligible to participate in the Management Incentive Plan (“MIP”). This plan provides cash
incentive awards to key employees. Your target incentive under the program will be 50% of
your annual base salary earnings. Actual awards are based on individual as well as company
performance and are paid annually, typically during the end of the first quarter. The
award may be at, above or below the target level, but you can potentially earn up to 200%
of your target award based upon achievement of objectives. In addition, you will be
eligible to participate in Celgene’s 2007-2009 Long Term Incentive Plan (“LTIP”) for which
the first pay out is in 2010 contingent upon achievement of established goals. Your LTIP
target is 50% of base salary with a maximum payout at 100%.

Equity Compensation

Stock Options: In addition to your annual compensation, you will be granted the option to
purchase 100,000 shares of Celgene common stock. The options will have a ten-year term and
vest over the first four years, i.e., 25% on each anniversary of the grant. The option
grant price will be the Fair Market Value, as determined under the Plan, as of your date
of employment or the date of approval by the Compensation Committee of the Board of
Directors, whichever is the latter. These and all other conditions surrounding the grant
are outlined in a separate Stock Option Award Document. In addition, in accordance with
our total rewards strategy, you will be eligible for additional equity awards each year.

Additional Programs

Deferred Compensation Plan: You will be eligible to participate in Celgene’s Deferred
Compensation Plan.

 

 

 

			
	 	 	 
	David Gryska 

October 6, 2006
	 	Page 2 of 3

Health and Welfare Benefits: You will be eligible to participate in all Celgene
comprehensive U.S. health and welfare benefit programs on the first day of the month
following your date of employment. Information on your Celgene benefits package will be
provided under separate cover.

Paid Time Off: Upon joining Celgene, you will be eligible for four weeks vacation, and
three personal days. Your paid time off for the current year will be prorated
accordingly.

Retirement Benefits: You will be eligible to participate in Celgene’s 401(k) Plan thirty
(30) days following employment.

Relocation Benefits: Thereafter, as we have agreed, we will support your relocation to
Summit, New Jersey. Celgene will cover reasonable receipted relocation expenses associated
with your move from California to New Jersey within 12 months of your start date as
follows:

	§	 	Reimbursement for reasonable travel expenses, for you and your spouse,
up to a maximum of two trips or seven days for house-hunting purposes.
	 

	§	 	Temporary housing expenses for a maximum of five (5) months.
	 

	§	 	Moving expenses for household items and two (2) autos (any
extraordinary items should be discussed with Human Resources prior to the move).
	 

	§	 	The costs associated with a standard “closing “ on your sale of your
home in California and the purchase of a home in New Jersey.
	 

	§	 	Rental car reimbursement for one (1) month until your car is shipped.
	 

	§	 	Relocation costs that are taxable to you will be grossed up to account
for the tax effect on any costs incurred regarding the relocation to New Jersey, such
that the tax effect is neutral to you.
	 

	§	 	Reimbursement costs for three (3) trips back to California to sell
your residence.
	 

	§	 	Reimbursement for costs associated with obtaining a loan for your
residence in New Jersey (such as loan origination fees, etc.).
	 

All these transactions must be facilitated through Celgene’s relocation company to ensure
economy and to avoid paying unnecessary taxes on these costs. Basic closing costs, in
this case, will be defined as the following: legal fees, transfer taxes, title insurance,
and non-reoccurring fees (such as inspection fees, recording fees, escrow fees, document
prep fees, etc.). Celgene agrees to pay the costs associated with using a real estate
agent. As we have agreed, you will be assigned a relocation counselor through Prudential
Relocation who will administer Celgene’s relocation program. We have agreed for you to
use the real estate agent of your choice for the sale of your residence in California;
however, this must be in partnership with Prudential Relocation. This will require the
establishment of a referral arrangement between your broker of choice and Prudential
Relocation prior to the signing of a listing agreement. This will be facilitated by
providing the name and phone number of your broker of choice to your Prudential Relocation
counselor, who will establish this referral for you. Celgene further agrees that the
local market will dictate the commission rate, which will not exceed 6%.

 

 

 

			
	 	 	 
	David Gryska 

October 6, 2006
	 	Page 3 of 3

If you decide to voluntarily terminate your employment with Celgene within two years of
your employment commencement date, all relocation expenses incurred on your behalf must be
repaid in full to Celgene. Otherwise, you shall have no obligation to return such amounts.

If your employment is terminated by Celgene at any time, other than for cause, we will pay
you severance compensation in an amount equal to twelve months base salary and bonus, less
applicable taxes.

If your employment is terminated as a result of a change of control, we will pay you
severance compensation in an amount equal to twelve (12) months base salary and bonus,
less applicable taxes.

Celgene requires a pre-employment physical examination, arrangements for which may be made
through Melissa Tankiewicz at (908) 673-9534. In addition, all employees are required to
sign an “Inventions and Confidential Information Agreement” upon the start of their
employment and provide educational documents that attest to the confirmation of degree(s).
Current Federal regulations require you to furnish proof of your right to work in the
United States as outlined in the enclosed form I-9. These documents must be submitted on
your first day of work.

David, you bring a great breadth and depth of experience and a strong leadership profile
to Celgene. It is unquestionable that you will make a significant impact on the future
success of Celgene, and we look forward to you becoming a part of the leadership team.

If you have questions concerning any aspect of this offer, please contact me or Mary
Weger. To indicate your acceptance, sign below and return one copy of this letter to me.

Best regards,

	 	 	 
	/s/ David W. Gryska
	 	 
	 

I accept the offer as outlined above

	 	 
	 
	 	 
	December 6, 2006
	 	 
	 

Anticipated start date

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