Frederic W. Cook & Co. (FW Cook) as an independent compensation consultant to review our executive compensation peer group and program design and assess our executives compensation relative to comparable companies. In 2019, our compensation committee engaged Semler Brossy Consulting Group, LLC (Semler Brossy) as an independent compensation consultant to review our executive compensation peer group and program design and assess our executives compensation relative to comparable companies. The compensation committee has determined that there are no conflicts of interest or other applicable factors affecting independence with its retention of FW Cook or Semler Brossy, as required by the Nasdaq Marketplace Rules.
We use base salaries to recognize the experience, skills, knowledge and responsibilities required of all our employees, including our named executive officers. None of our named executive officers is currently party to an employment agreement or other agreement or arrangement that provides for automatic or scheduled increases in base salary.
In 2019, we paid base salaries of $535,600 to Mr. Augusti, $362,351 to Mr. Weiner and $355,000 to Mr. Alldredge. Mr. Weiners employment ended on October 18, 2019 and, as a result, the amount shown in the Salary column of the Summary Compensation Table for 2019 reflects payments made to him during 2019 until October 18, 2019. Mr. Alldredges employment began on July 29, 2019 and, as a result, the amount shown in the Salary column of the Summary Compensation Table for 2019 reflects payments made to him from the period between July 29, 2019 and December 31, 2019. In 2018, we paid base salaries of $535,600 to Mr. Augusti and $362,351 to Mr. Weiner.
Our board of directors has, in its discretion, awarded cash bonuses and granted equity awards in the form of restricted stock or stock options as bonuses to our executive officers from time to time in the past, and may award cash bonuses and grant equity awards as bonuses to our executive officers in the future.
As part of our annual compensation-setting process, in February 2018, based on a recommendation from our compensation committee, our board of directors approved an employee incentive compensation plan for the 2018 calendar year, or the 2018 Incentive Plan. Under the 2018 Incentive Plan, certain employees, including Messrs. Augusti and Weiner, were eligible to earn a cash bonus based on a percentage of their annual base salary as follows: Mr. Augusti: 75%; and Mr. Weiner: 50%. The cash bonus was to be based on a combination of financial and individual performance in 2018, including achieving revenue and gross margin performance targets, and, subject to performance under the 2018 Incentive Plan, any cash bonus was to be paid on or before March 15, 2019. The determination of whether a bonus would be granted to any employee, and the amount of any such bonus, would also be determined by the board of directors in its sole discretion.
In May 2018, based on a recommendation from our compensation committee, our board of directors granted restricted shares of the Companys common stock to certain employees, including Messrs. Augusti and Weiner, as follows: Mr. Augusti: 331,984 shares of common stock; and Mr. Weiner: 165,992 shares of common stock with such awards vesting over a four year period, with 25% of the shares vesting on each of the first four successive anniversaries of the grant date of May 7, 2018, subject to the employees continued service to the Company and further subject to any written employment agreement with the Company in effect as of the grant date, the Companys 2015 Stock Incentive Plan (the 2015 Plan) and the Companys standard form restricted stock agreement.
In December 2018, following an evaluation of the Companys performance and the performance of the executive officers in 2018, to conserve the Companys cash, our compensation committee granted restricted shares of the Companys common stock, in lieu of cash bonuses, to certain employees, including Messrs. Augusti and Weiner, in an amount equivalent to meeting 60% of the performance targets in the 2018 Incentive Plan, as follows: Mr. Augusti: 321,360 shares of common stock; and Mr. Weiner: 144,940 shares of common stock (2018 Incentive Shares). The 2018 Incentive Shares vest over a two-year period, with 25% of the shares vesting on each of the four successive six month anniversaries of the grant date of January 2, 2019. The 2018 Incentive Shares are subject to the employees continued service to the Company and further subject to any written employment agreement with the Company in effect as of the grant date, the 2015 Plan and the Companys standard form restricted stock agreement. No cash payments were made under our 2018 Incentive Plan.
In December 2018, the compensation committee also provided for an annual grant of restricted shares of the Companys common stock for motivational and retention purposes to certain employees, including Messrs. Augusti and Weiner as follows: Mr. Augusti: 245,334 shares of common stock; Mr. Weiner: 122,667 shares of