EX-10 5 exhibit1027.htm EXHIBIT 10.27 Exhibit 10.27

Exhibit 10.27


COMPENSATION OF EXECUTIVE OFFICERS AND DIRECTORS

OPTION GRANTS AND SALARIES OF EXECUTIVE OFFICERS:

During the fiscal year ended September 30, 2006 the following salaries were paid and option grants were approved:


POSITION
 SALARY
 OPTION SHARES
 
Peter T. Kissinger, Ph.D            
   Chairman of the Board and Chief Scientific Officer     $ 108,368 .88 0
Richard M. Shepperd(1)  
   President and Chief Executive Officer   $ 420,000 .00 0
Ronald E. Shoup, Ph.D  
   Chief Operating Officer, BASi Contract Research Services   $ 143,468 .18 0
Michael R. Cox  
   Vice President, Finance; Chief Financial Officer; Treasurer   $ 153,000 .00 0
Edward M. Chait, Ph.D  
   Executive Vice President & Chief Scientific Officer   $ 150,000 .00 0
Candice B. Kissinger  
   Senior Vice President, R&D; Secretary and Director   $ 118,283 .58 0
Craig S. Bruntlett, Ph.D  
   Senior Vice President, Sales Development   $ 89,460 .00 0
Lina L. Reeves-Kerner  
   Vice President, Human Resources   $ 96,171 .80 0

(1) Mr. Shepperd joined the Company October 1, 2006. He also has a bonus arrangement
whereby he is paid 10% of EBITDA each quarter, to a maximum of $150,000 per quarter.

OPTION GRANTS AND FEES PAID TO DIRECTORS:

The following compensation schedule for Directors was approved:

Annual Retainer:     $ 0                          
Stock Options (three year vesting):    none granted
Attendance Fee per Meeting:   $ 2,000                          
Audit Committee Chairman (separate retainer):   $ 500                          
Chairman of the Board       non additional compensation
All other Committee Chairmen:   $ 500