Hansen Medical extends guaranteed bonus to SVP a second time

hansen-logoHansen Medical extended for a second month the guaranteed monthly bonus of $16,667 it pays to its senior vice president of commercial operations, Christopher Sells, in addition to his $275,000 annual salary.

When Sells was first hired in June 2008, the company offered him a $50,000 signing bonus and the $16,667 guaranteed monthly bonus through the end of the year in order to attract him from Aesthera, a maker of laser technology used for “aesthetic” medical treatments. The guaranteed bonus was offered “in lieu of a sales commission plan” at Hansen, which sells robotic surgical tools and is “still in the early stages of (its) commercial launch.”

The bonus was extended by six months through June 30 of this year. On July 16, the board’s compensation committee extended the guaranteed bonus payments through the end of 2009.

 

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