Summary of Fiscal 2010 Named Executive Officer Compensation
Set forth below is a summary of fiscal 2010 compensation arrangements between Synovis Life Technologies, Inc.
(the “Company”) and certain of its executive officers who are expected to constitute the Company’s “named
executive officers” (defined in Regulation S-K Item 402(a)(3)) for fiscal 2010. All of the Company’s executive
officers are at-will employees whose compensation and employment status may be changed at any time in the
discretion of the Company’s Board of Directors, subject only to the terms of the Management Change in Control
Agreements between the Company and these executive officers (the forms of which have been filed or
incorporated by reference as exhibits to the Company’s annual report on Form 10-K).
Effective November 1, 2009, the following executive officers are scheduled to receive the following annual base
salaries in their current positions:
Annual Cash Incentive Compensation
For fiscal 2010, the Company’s named executive officers are eligible to receive annual cash incentive
compensation up to 5% of their base salary based upon an evaluation by the Company’s Compensation
Committee of the Board of Directors of the individual executive officer’s performance and achievement of
specific individual objectives during the period. For fiscal 2010, the Compensation Committee also established an
incentive cash compensation program based upon achievement of Company financial performance goals.
Additional cash incentive compensation may be awarded at the discretion of the Compensation Committee for
performance or achievement above individual goals.
On November 2, 2009, non-qualified stock options to purchase shares of the Company’s common stock, at an
exercise price of $12.00 per share (the closing price of a share of the Company’s
Name and Current Position
Richard W. Kramp
(President and Chief Executive Officer)