EX-10.42 6 d451888dex1042.htm EX-10.42

Exhibit 10.42

2012 and 2013 Executive Officer Compensation Arrangements

The compensation for the executive officers of Cerus Corporation regarding annual base salaries and target bonus percentages were as follows:

Name |  | 2012 Annual Base Salary (1) |  |  | 2012 Targeted Bonus (as a % of 2011 Annual Base Salary) |  |  | 2013 Annual Base Salary (2) |  |  | 2013 Targeted Bonus (as a % of 2012 Annual Base Salary) |
William M. Greenman President and Chief Executive Officer |  | $ | 475,000 |  |  |  | 60 | % |  | $ | 500,000 |  |  |  | 60 | %
Laurence M. Corash, M.D. Senior Vice President, Chief Scientific Officer |  | $ | 390,113 |  |  |  | 35 | % |  | $ | 399,866 |  |  |  | 40 | %
Howard G. Ervin (3) Vice President, Legal Affairs |  | $ | 327,295 |  |  |  | 35 | % |  | $ | 65,459 |  |  |  | n/a |
Chrystal N. Menard (4) Chief Legal Officer |  | $ | 280,000 |  |  |  | n/a |  |  | $ | 280,000 |  |  |  | 35 | %
Kevin D. Green Vice President, Finance and Chief Financial Officer(5) |  | $ | 263,780 |  |  |  | 35 | % |  | $ | 279,607 |  |  |  | 35 | %
Caspar Hogeboom(6) President, Cerus Europe B.V. |  | $ | 288,736 |  |  |  | 35 | % |  | $ | 303,871 |  |  |  | 40 | %

(1) | Annual base salary was effective March 1, 2012, except for Ms. Menard, as discussed in footnote 4 below.

(2) | Annual base salary was effective March 1, 2013.

(3) | Mr. Ervin retired as the Chief Legal Officer effective December 3, 2012 and converted to part-time status, effective January 1, 2013.

(4) | Ms. Menard’s annual base salary for 2012 was effective December 3, 2012.

(5) | Mr. Green’s title changed from Vice President, Finance and Chief Accounting Officer to Vice President and Chief Financial Officer effective February 28, 2013.

(6) | Mr. Hogeboom’s title changed from General Manager, Cerus Europe to President, Cerus Europe B.V., effective March 1, 2012. Mr. Hogeboom’s 2012 annual base salary of €224,540 has been converted from Euros to United States dollar by applying an average exchange rate of €1 to $1.2859 for the year ended December 31, 2012. Mr. Hogeboom’s 2013 annual base salary of €230,153 has been converted from Euros to United States dollar using the exchange rate of €1 to $1.312, which was the exchange rate in effect on March 1, 2013.