Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On April 17, 2012, the compensation committee, or the Committee, of the board of
directors, or the Board, of TearLab Corporation, or the Company, approved an
increase in the annual salary for Elias Vamvakas, the Company's Chief Executive
Officer, from Cdn.$240,000 to Cdn.$360,000, as well as a cash bonus of
Cdn.$60,000 to be paid to Mr. Vamvakas. The Committee also recommended to the
Board, and on April 17, 2012 the Board approved, the payment of cash bonuses to
certain of the Company's executive officers, referred to as the Bonus.
Under the terms of the Bonus, the Company will pay bonuses to certain of the
Company's executive officers totaling approximately $270,000, including the
bonus payable to Mr. Vamvakas discussed above. The amounts payable under the
Bonus to Steve Zmina, Robert Walder and William Dumencu are $24,375, $24,863 and
Cdn.$24,473, respectively.
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