Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
(e) 2022 Performance Bonus Plan
OnJanuary 25, 2022 , the Compensation Committee approved our 2022 Performance bonus program for our named executive officer. The 2022 annual performance bonus for the named executive officer (as set forth in our proxy statement for our Annual Meeting of Stockholders held onJune 11, 2021 ) will be based solely upon the achievement of corporate performance goals. The corporate performance goals relate to the advancement of our clinical trials, business and corporate development objectives, collaboration objectives and financial management objectives. The individual performance goals will consist of a subjective assessment of each named executive officer's individual contributions to us. The following table sets forth the base salary and target bonuses for 2022: Total 2022 Target Performance Bonus as a Total 2022 Target Percentage of Performance Bonus Name 2022 Base Salary Base Salary AmountSusan Molineaux , Ph.D. President and Chief Executive Officer $ 609,800 60 % $ 365,880
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