Janssen wants contract extended through 2013
The board was expected to vote on the extension yesterday, but postponed a decision because Janssen was away at a conference in England.
The original contract, which began on Sept. 23, 2008, expires on June 30, 2011. A proposed "first amended" contract (which you can find in yesterday's agenda packet, beginning on page 347) includes the extension, and appears to have only a few minor adjustments. (See the original contract here.)
Janssen’s base annual salary will remain the same at $200,000.