EX-10 3 ex101artguyton.txt ARTHUR K. GUYTON EXECUTIVE DESCRIPTION EXHIBIT 10.1 ------------ EXECUTIVE EMPLOYMENT DESCRIPTION -------------------------------- ARTHUR K. GUYTON, PH.D. ----------------------- The Company, pursuant to an employment arrangement, hired Dr. Guyton as Vice President of Special Projects on August 17, 2001, subject to a 90 day probationary period, for an annual salary of $105,000. In connection with his employment arrangement, Dr. Guyton is to receive, subject to satisfactory performance during the time periods described below, restricted common stock in accordance with the following schedule: Period Shares -------------------- ------ 08/17/01 to 11/30/01 25,000 12/01/01 to 02/28/02 25,000 03/01/02 to 05/31/02 25,000 06/01/02 to 08/31/02 25,000 09/01/02 to 11/30/02 25,000 12/01/02 to 02/28/03 25,000 Page 34