2019 Bonus. The Company will have paid Executive a cash lump sum payment in the amount of $1,000,000 (the “2019 Bonus”) on or before January 23, 2019. Executive agrees that in the event Executive’s employment with the Company terminates for any reason other than a Qualifying Termination before December 31, 2019 (the “Completion Date”), Executive will be required to repay to the Company within ten (10) days of such termination 100% of the After-Tax Value of the 2019 Bonus. Notwithstanding anything to the contrary contained herein, in the event of Executive’s Qualifying Termination before the Completion Date, Executive will not be required to repay any portion of the 2019 Bonus. For purposes of this Section 2(d), (i) “After-Tax Value of the 2019 Bonus” means the aggregate amount of the 2019 Bonus net of any taxes withheld by the Company in respect of the 2019 Bonus and (ii) “Qualifying Termination” means the termination of Executive’s employment (A) by the Company for a reason other than Cause, (B) by Executive for Good Reason, or (C) due to Executive’s death or Disability.
2019 Bonus. The Company also will pay you a bonus for your 2019 services (the “Bonus Payment”) equal to $133,877, calculated as follows: $180,915 (representing the actual 2018 Bonus paid) multiplied by .740 (representing a prorated portion (270/365 days) for the period of employment in 2019). The Bonus Payment will be paid to you no later than the time 2019 bonuses are paid to other executives, and in any event not later than March 15, 2020.
2019 Bonus. Regarding your 2019 Bonus, any resulting payout will be based on the Company’s year-end financial results as stated in the 2019 Short Term Incentive Plan. Such bonus payment, if any, will be paid out to you (i.e. the vesting of the applicable PSUs) in accordance with the normally scheduled payout date for all eligible Company employees under the plan and does not require you to be employed by the Company on the payout date.
2019 Bonus. You shall be eligible for a 2019 bonus. The award of any bonus and the amount is in the sole discretion of the Board of Directors of ArQule, and will be determined based on the typical procedures for determining the bonuses of ArQule senior executives and employees (i.e., target bonus amount (in your case, 40% of base salary) times a percentage based on the scoring of corporate goals by the CN&G committee and endorsed by the board at its January, 2020 meeting), and any bonus awarded would be paid when such bonuses are paid to other ArQule employees, expected to occur during Q1 of 2020. In addition, to the extent that any such bonus is awarded, the total amount thereof would be prorated at 25% of such amount. You hereby acknowledge that the award of and dollar amount of any 2020 bonus is uncertain and is not guaranteed.
2019 Bonus. Additionally, regardless of whether you are an employee of the Company as of the date 2019 annual performance bonuses are paid in 2020, you will be entitled to receive your annual performance bonus, if any, for calendar year 2019 in an amount equal to the amount you would have earned based on Company’s performance as if you were employed for the full year, pro-rated based on the number of days employed in 2019.
2019 Bonus. You shall be eligible to receive an annual short-term incentive bonus in respect of the full 2019 fiscal year as if you had continued to be employed through the end of the fiscal year, based on the achievement of actual performance, less applicable tax withholdings, pursuant to the Company’s Executive Incentive Plan (the “Bonus Plan”), notwithstanding any terms of the Bonus Plan to the contrary. Such bonus shall be paid as of no later than March 15, 2020. Your target bonus for the 2019 fiscal year is $520,000.
2019 Bonus. Executive shall be eligible to receive an incentive cash bonus under the OraSure Technologies, Inc. (“OraSure”) 2019 Incentive Plan (“2019 IP”) based on a 40% base salary target, subject to adjustment to reflect performance in 2019 and the actual bonus pool funding under the 2019 IP approved by the OraSure Board of Directors, consistent with past practices. Payment of the 2019 bonus shall be made at the same time the Company pays bonuses to other senior executives under the 2019 IP, less applicable taxes and withholdings. Executive shall not be entitled to receive any cash bonus for performance during 2020.
2019 Bonus. For fiscal year ending December 31, 2019, the Company shall pay to Executive a one-time bonus of $25,000.00 in addition to any Discretionary Bonus. Executive will have the option to accept this bonus in a single lump-sum cash payment or by being issued an amount of registered non-restricted common stock with equivalent value.
2019 Bonus. You will remain eligible for payment opportunity under the terms of the Houghton Mifflin Harcourt Company 2019 Bonus Plan – US, ELT- Corporate segment (“Bonus Plan”), to the extent the terms of the plan so provide, except that the eligibility requirement that you be employed on the date that bonuses are paid shall be waived. You shall receive full target payment (10%) under the Discretionary Component of the Plan. The determination of the amount of payment, if any, and timing of any payment will be made at the time and in accordance with the terms of the Bonus Plan. Any such payment will be subject to required and authorized withholdings and deductions. You acknowledge and agree that the Bonus Plan identified above is the only incentive, commission, or bonus plan in which you are currently a participant.
2019 Bonus. The Company shall pay You a prorated 2019 bonus (calculated from November 1, 2019, the equivalent of 10/12th of the annual 2019 bonus) of 60% of Your annual base salary based upon the achievement of the 2019 Objectives and the determination of the Board of Directors of the final 2019 corporate bonus payout, payable by check in a lump sum no later than April 1, 2020;
