EX-10.9 2 utahmedicalexh109.htm SUMMARY OF OFFICER AND DIRECTOR COMPENSATION

EXHIBIT 14
SUMMARY OF OFFICER AND DIRECTOR COMPENSATION
The Employment Agreement in Exhibit 6 of this report is the only written contractual compensation arrangement the Company has with any of its directors and Executive Officers.
During 2013, the Company’s Chief Executive and Principal Financial Officers (the Company’s “Named Executive Officers”) are scheduled to receive the following compensation from the Company:

Compensation Arrangement |  | 2013 Scheduled Amount
Base salary |  | $ 234,000 (CEO); $106,000 (PFO)
401(k) matching contributions |  | 6,120 (maximum)
Section 125 plan matching contributions (1) |  | 500 (maximum)
Management bonus |  | will be determined at year-end
Pet health benefits (1) |  | 500 (maximum)
Family medical benefits (1) |  | will depend on future events
Travel expense reimbursement (2) |  | 15,000 (CEO); 500 (PFO)

During 2013, the Company’s Directors are scheduled to receive the following compensation from the Company:

Compensation Arrangement |  | Ernst Hoyer |  |  | Barbara Payne |  |  | James Beeson |
Base |  | $ | 25,000 |  |  | $ | 25,000 |  |  | $ | 25,000 |
Executive Committee |  |  | 4,000 |  |  |  | - |  |  |  | - |
Audit Committee Chairman |  |  | 3,000 |  |  |  | - |  |  |  | - |
Travel Expense Reimbursement (2) |  |  | 500 |  |  |  | 700 |  |  |  | 500 |

(1) CEO and PFO participate on the same basis as other eligible employees.
(2) Estimated 2013 travel expenses on behalf of UTMD business. The Company reimburses its employees and directors for authorized business expenses.