Common use of Annual Bonus Clause in Contracts

Annual Bonus. Executive shall be eligible to receive a discretionary annual bonus based on Executive’s achievement of performance objectives as mutually agreed between Executive and the CEO, such bonus target to be equal to 30% of Executive’s Annual Base Salary (the “Annual Bonus”). Any Annual Bonus earned will be paid at the same time annual bonuses are paid to other executives of the Company generally, subject to any limitations on payment as set forth in Section 6.

Appears in 6 contracts

Samples: Employment Agreement (Tyra Biosciences, Inc.), Employment Agreement (Tyra Biosciences, Inc.), Employment Agreement (Tyra Biosciences, Inc.)

AutoNDA by SimpleDocs

Annual Bonus. Executive shall be eligible to receive a discretionary annual bonus based on Executive’s achievement of performance objectives as mutually agreed between Executive and the CEO, such bonus target to be equal to 30% targeted at thirty-five percent (35%) of Executive’s Annual Base Salary (the “Annual Bonus”). Any Annual Bonus earned will be paid at the same time annual bonuses are paid to other executives of the Company generally, subject to any limitations on payment as set forth in Section 6Executive’s continuous employment through the date of payment.

Appears in 5 contracts

Samples: Employment Agreement (Sienna Biopharmaceuticals, Inc.), Employment Agreement (Sienna Biopharmaceuticals, Inc.), Employment Agreement (Sienna Biopharmaceuticals, Inc.)

Annual Bonus. Executive shall be eligible to receive a discretionary annual bonus based on Executive’s achievement of performance objectives as mutually agreed between Executive and the CEOCOO, such bonus target to be equal to 30% of Executive’s Annual Base Salary (the “Annual Bonus”). Any Annual Bonus earned will be paid at the same time annual bonuses are paid to other executives of the Company generally, subject to any limitations on payment as set forth in Section 6.

Appears in 4 contracts

Samples: Employment Agreement (Tyra Biosciences, Inc.), Employment Agreement (Tyra Biosciences, Inc.), Employment Agreement (Tyra Biosciences, Inc.)

Annual Bonus. Executive shall be eligible to receive a discretionary annual bonus based on Executive’s achievement of performance objectives as mutually agreed between Executive and the CEO, such bonus target to be equal to 30% targeted at thirty-five percent (35%) of Executive’s Annual Base Salary (the “Annual Bonus”). Any Annual Bonus earned will approved by the Board, the Compensation Committee of the Board and/or the CEO shall be paid at the same time annual bonuses are paid to other executives of the Company generally, subject to any limitations on payment as set forth in Section 6Executive’s continuous employment through the date of approval.

Appears in 4 contracts

Samples: Employment Agreement (Unity Biotechnology, Inc.), Employment Agreement (Unity Biotechnology, Inc.), Employment Agreement (Unity Biotechnology, Inc.)

Annual Bonus. Executive shall be eligible entitled to receive a discretionary an annual bonus based on upon his performance as determined in the sole discretion of the Board of Directors of the Employer. At the Executive’s achievement of performance objectives as mutually agreed between Executive and 's option, the CEO, such bonus target to be equal to 30% of Executive’s Annual Base Salary (the “Annual Bonus”). Any Annual Bonus earned will shall be paid at the same time annual bonuses are paid to other executives payable in cash or in an amount of shares of the Company generally, subject to any limitations Employer's common stock that equals the amount of the bonus based upon the market price of the Employer's common stock on payment as set forth in Section 6the date that the bonus is paid.

Appears in 4 contracts

Samples: Employment Agreement (New Visual Corp), Employment Agreement (New Visual Corp), Employment Agreement (New Visual Corp)

Annual Bonus. Executive shall will be eligible to receive a discretionary an annual bonus based on Executive’s achievement of performance objectives as mutually agreed between Executive and the CEO, such bonus target to be equal to 30% of Executive’s Annual Base Salary (the “Annual Bonus”) based on a percentage of the Annual Base Salary. The Board will set the specific amount of the Annual Bonus based upon the Company’s annual achievement of financial performance goals and other objectives as determined by the Board in good faith for the preceding fiscal year (or portion thereof). Any Annual The Board may pay the Bonus earned will be paid at the same time annual bonuses are paid to other executives of the Company generally, subject to any limitations on payment as set forth in Section 6a quarterly basis.

Appears in 4 contracts

Samples: Executive Employment Agreement (Greenbelt Resources Corp), Executive Employment Agreement (Greenbelt Resources Corp), Executive Employment Agreement (Greenbelt Resources Corp)

Annual Bonus. Executive shall be eligible to receive a have an annual discretionary annual bonus based on Executive’s achievement opportunity of performance objectives as mutually agreed between Executive and the CEO, such bonus target to be equal to 30% seventy-five percent (75%) of Executive’s then-current Minimum Annual Base Salary (the “Annual Bonus”). Any Annual Bonus earned will Salary, to be paid at upon satisfaction of certain criteria established by the same time annual bonuses are paid to other executives Compensation Committee of the Company generallyBoard of Directors, subject to or by any limitations on payment as set forth in Section 6other committee or officer having authority over executive compensation.

Appears in 4 contracts

Samples: Executive Employment Agreement (Mylan Laboratories Inc), Executive Employment Agreement (Mylan Inc.), Executive Employment Agreement (Mylan Laboratories Inc)

Annual Bonus. Executive shall be eligible to receive a discretionary annual bonus based on Executive’s achievement of performance objectives as mutually agreed between Executive and established by the Board, its Compensation Committee and/or the CEO, such bonus target to be equal to 30targeted at 25% of Executive’s Annual Base Salary (the “Annual Bonus”). Any Annual Bonus earned will approved by the Board, the Compensation Committee of the Board and/or the CEO shall be paid at the same time annual bonuses are paid to other executives of the Company generally, subject to any limitations on payment as set forth in Section 6Executive’s continuous employment through the date of approval.

Appears in 4 contracts

Samples: Employment Agreement (IDEAYA Biosciences, Inc.), Employment Agreement (IDEAYA Biosciences, Inc.), Employment Agreement (IDEAYA Biosciences, Inc.)

Annual Bonus. Executive shall will also be eligible to receive earn an annual discretionary bonus with a discretionary annual bonus based on Executive’s achievement of performance objectives as mutually agreed between Executive and the CEO, such bonus target to be amount equal to 3040% of Executive’s Annual the Base Salary (the Annual Target Bonus”). Any Annual Bonus The amount of this bonus, if any, will be determined in the sole discretion of the Board and based, in part, on Executive’s performance and the performance of the Company during the calendar year. The Company will pay Executive this bonus, if any, by no later than March 1st of the following calendar year. The bonus is not earned until paid and no pro-rated amount will be paid at if Executive’s employment terminates for any reason prior to the same time annual bonuses are paid to other executives of the Company generally, subject to any limitations on payment as set forth in Section 6date.

Appears in 4 contracts

Samples: Executive Employment Agreement (Keros Therapeutics, Inc.), Executive Employment Agreement (Keros Therapeutics, Inc.), Executive Employment Agreement (Keros Therapeutics, Inc.)

Annual Bonus. In addition to the Base Salary, Executive shall be eligible to receive a discretionary annual performance bonus based on Executive’s achievement of performance objectives as mutually agreed between Executive and the CEO, such bonus target to be equal to 30% of Executive’s Annual Base Salary (the “Annual Bonus”)) in respect of each calendar year in which Executive is employed hereunder based upon the achievement of targets established in the sole discretion of the Company. Any The exact amount of the Annual Bonus earned will payable to Executive in respect of a calendar year, and whether to pay a bonus at all, shall be paid at the same time annual bonuses are paid to other executives sole discretion of the Company generally, subject to any limitations on payment as set forth in Section 6Company.

Appears in 3 contracts

Samples: Employment Agreement (Parabel Inc.), Employment Agreement (Parabel Inc.), Employment Agreement (Parabel Inc.)

Annual Bonus. Executive shall be eligible to receive a discretionary an annual bonus based on Executive’s achievement of performance objectives as mutually agreed between Executive and established by the CEOCEO and/or the Compensation Committee, such bonus target to be equal to 30targeted at 50% of Executive’s the Annual Base Salary (the “Annual Bonus”). Any Annual Bonus earned will approved by the CEO and/or the Compensation Committee shall be paid at the same time annual bonuses are paid to other executives of the Company generallygenerally and, subject in any event, by March 15 of the year following the year to any limitations on payment as set forth in Section 6which such Annual Bonus relates.

Appears in 3 contracts

Samples: Employment Agreement (Rivian Automotive, Inc. / DE), Employment Agreement (Rivian Automotive, Inc. / DE), Employment Agreement (Rivian Automotive, Inc. / DE)

Annual Bonus. Executive shall be eligible to receive a discretionary annual bonus based on Executive’s achievement of performance objectives as mutually agreed between Executive and established by the Board, its Compensation Committee and/or the CEO, such bonus target to be equal to 30targeted at 40% of Executive’s Annual Base Salary (the “Annual Bonus”). Any Annual Bonus earned will approved by the Board or the Compensation Committee of the Board shall be paid at the same time annual bonuses are paid to other executives of the Company generally, subject to any limitations on payment as set forth in Section 6Executive’s continuous employment through the date of approval.

Appears in 3 contracts

Samples: Employment Agreement (Annexon, Inc.), Employment Agreement (Annexon, Inc.), Employment Agreement (Annexon, Inc.)

Annual Bonus. With respect to each full fiscal year during the Employment Term, Executive shall be eligible to receive a discretionary earn an annual bonus based on Executive’s achievement award (an "Annual Bonus") of performance objectives as mutually agreed between Executive and the CEO, such bonus target to be equal to 30% one hundred percent (100%) of Executive’s Annual 's Base Salary (the "Target Annual Bonus”)") upon the achievement of performance goals established by the Board. Any Executive may be entitled to greater Annual Bonus earned will be paid at for performance in excess targeted performance goals or a lesser Annual Bonus for performance which does not meet such targeted performance goals, in each case in the same time annual bonuses are paid to other executives discretion of the Company generally, subject to any limitations on payment as set forth in Section 6Board.

Appears in 3 contracts

Samples: Employment Agreement (Wix Filtration Media Specialists, Inc.), Employment Agreement (Wix Filtration Media Specialists, Inc.), Employment Agreement (Wix Filtration Media Specialists, Inc.)

Annual Bonus. Executive shall be eligible to receive a discretionary annual bonus based on Executive’s achievement of performance objectives as mutually agreed between Executive and established by the Board or the Compensation Committee of the Board in consultation with the CEO, such bonus target to be equal to 30targeted at 40% of Executive’s Annual Base Salary (the “Annual Bonus”). Any Annual Bonus earned will approved by the Board or the Compensation Committee of the Board shall be paid at the same time annual bonuses are paid to other executives of the Company generally, subject to any limitations on payment as set forth in Section 6Executive’s continuous employment through the date of approval.

Appears in 2 contracts

Samples: Employment Agreement (Gritstone Oncology, Inc.), Employment Agreement (Gritstone Oncology, Inc.)

Annual Bonus. In addition to his Base Salary, Executive shall be eligible to receive a an annual discretionary annual bonus (the “Bonus”) during the Term, based on Executive’s achievement of performance objectives as mutually agreed between Executive and criteria determined by the CEOBoard in its sole discretion, such bonus target to be in amount equal to 30up to 100% of Executive’s Annual Base Salary (base salary for the “Annual Bonus”). Any Annual Bonus earned will be paid at the same time annual bonuses are paid to other executives of the Company generally, subject to any limitations on payment as set forth in Section 6then current fiscal year.

Appears in 2 contracts

Samples: Employment Agreement (Edison Nation, Inc.), Employment Agreement (Edison Nation, Inc.)

Annual Bonus. In addition to Executive’s base salary, Executive shall may be eligible to receive a an additional discretionary annual bonus based on Executive’s achievement of performance objectives up to thirty-five percent (35%) of his then in effect base salary, as mutually agreed between Executive and determined by the CEO, such bonus target to be equal to 30% Board of Executive’s Annual Base Salary Directors in their sole discretion (the Annual Target Bonus”). Any Annual Bonus earned will Executive acknowledges that although a discretionary bonus may be paid at provided by the same time annual bonuses are paid to other executives of the Company generallyCompany, subject to any limitations on payment as set forth in Section 6such bonus is neither required nor guaranteed by this Agreement.

Appears in 2 contracts

Samples: Employment Agreement (Peregrine Pharmaceuticals Inc), Employment Agreement (Peregrine Pharmaceuticals Inc)

Annual Bonus. In addition to Executive’s Base Salary, during the Term, Executive will be eligible to earn an annual discretionary performance-based bonus, with a target bonus opportunity equal to 25% of the Base Salary. Performance metrics with respect to said bonus will be determined by the Board or the compensation committee of the Board. Executive shall be eligible to receive a discretionary for said bonus only if Executive is employed on the last day of the performance period. Any earned annual bonus based on Executive’s achievement of performance objectives as mutually agreed between Executive and the CEO, such bonus target to be equal to 30% of Executive’s Annual Base Salary (the “Annual Bonus”). Any Annual Bonus earned will be paid at the same time annual bonuses are paid to other executives by March 15th of the Company generally, subject to any limitations on payment as set forth year following the year in Section 6which the applicable performance period ends.

Appears in 2 contracts

Samples: Executive Employment Agreement (Edge Therapeutics, Inc.), Executive Employment Agreement (Edge Therapeutics, Inc.)

Annual Bonus. Executive shall be eligible to receive a discretionary annual bonus based on Executive’s achievement of performance objectives as mutually agreed between Executive and the CEO, such bonus target to be equal to 30% of Executive’s Annual Base Salary (the “Annual Bonus”). As consideration for signing prior to year-end 2020, your 1st pro-rated bonus due in Q12021 will be equal to the greater of your eligible pro-rated bonus target or $75,000 which represents the bonus you are forgoing with your current employer. Any Annual Bonus earned will be paid at the same time annual bonuses are paid to other executives of the Company generally, subject to any limitations on payment as set forth in Section 6.

Appears in 2 contracts

Samples: Employment Agreement (Tyra Biosciences, Inc.), Employment Agreement (Tyra Biosciences, Inc.)

Annual Bonus. Executive shall be eligible to receive a discretionary annual bonus based on Executive’s achievement of performance objectives as mutually agreed between Executive and in accordance with the CEOterms set forth by the Board, such bonus target to be equal to 3040% of Executive’s Annual Base Salary (the “Annual Bonus”). Any Annual Bonus earned will be paid at the same time annual bonuses are paid to other executives of the Company generally, subject to any limitations on payment as set forth in Section 6.

Appears in 2 contracts

Samples: Employment Agreement (Tyra Biosciences, Inc.), Employment Agreement (Tyra Biosciences, Inc.)

Annual Bonus. In addition to Executive’s Base Salary, during the Term, Executive shall will be eligible to receive earn an annual discretionary performance-based bonus, with a discretionary annual target bonus based on Executive’s achievement of performance objectives as mutually agreed between Executive and the CEO, such bonus target to be opportunity equal to 30% of Executive’s Annual the Base Salary (Salary. Performance metrics with respect to said bonus will be determined by the “Annual Bonus”)Board or the compensation committee of the Board. Executive shall be eligible for said bonus only if Executive is employed on the last day of the performance period. Any Annual Bonus earned annual bonus will be paid at the same time annual bonuses are paid to other executives by March 15th of the Company generally, subject to any limitations on payment as set forth year following the year in Section 6which the applicable performance period ends.

Appears in 2 contracts

Samples: Executive Employment Agreement (Edge Therapeutics, Inc.), Executive Employment Agreement (Edge Therapeutics, Inc.)

Annual Bonus. Executive shall will also be eligible to receive earn an annual discretionary bonus with a discretionary annual bonus based on Executive’s achievement of performance objectives as mutually agreed between Executive and the CEO, such bonus target to be amount equal to 3050% of Executive’s Annual the Base Salary (the Annual Target Bonus”). Any Annual Bonus The amount of this bonus, if any, will be determined in the sole discretion of the Board and based, in part, on Executive’s performance and the performance of the Company during the calendar year. The Company will pay Executive this bonus, if any, by no later than March 1st of the following calendar year. The bonus is not earned until paid and no pro-rated amount will be paid at if Executive’s employment terminates for any reason prior to the same time annual bonuses are paid to other executives of the Company generally, subject to any limitations on payment as set forth in Section 6date.

Appears in 2 contracts

Samples: Executive Employment Agreement (Keros Therapeutics, Inc.), Executive Employment Agreement (Keros Therapeutics, Inc.)

Annual Bonus. Executive shall be eligible to receive a discretionary annual bonus based on Executive’s achievement of performance objectives as mutually agreed between Executive and established by the Board, its Compensation Committee and/or the CEO, such bonus target to be equal to 30targeted at 35% of Executive’s Annual Base Salary (the “Annual Bonus”). Any Annual Bonus earned will approved by the Board, the Compensation Committee of the Board and/or the CEO shall be paid at the same time annual bonuses are paid to other executives of the Company generally, subject to any limitations on payment as set forth in Section 6Executive’s continuous employment through the date of approval.

Appears in 2 contracts

Samples: Employment Agreement (Revolution Medicines, Inc.), Employment Agreement (Revolution Medicines, Inc.)

Annual Bonus. Executive shall be eligible to receive an annual discretionary bonus targeted at one hundred percent (100%) of Executive's then-current Minimum Base Salary. Executive's eligibility for a discretionary annual bonus based on Executive’s achievement of performance objectives as mutually agreed between Executive and the CEO, such bonus target to be equal to 30% of Executive’s Annual Base Salary (the “Annual Bonus”). Any Annual Bonus earned will be paid at the same time annual bonuses are paid to other executives amount of the Company generallybonus, subject to if any, shall be determined by the Board of Directors in its sole discretion, or by any limitations on payment as set forth in Section 6committee or officer having authority over executive compensation.

Appears in 2 contracts

Samples: Executive Employment Agreement (Mylan Laboratories Inc), Executive Employment Agreement (Mylan Laboratories Inc)

Annual Bonus. Executive shall be eligible to receive a discretionary annual bonus based on Executive’s achievement of performance objectives as mutually agreed between Executive and established by the Board, its Compensation Committee and/or the CEO, such bonus target to be equal to targeted at 30% of Executive’s Annual Base Salary (the “Annual Bonus”). Any Annual Bonus earned will approved by the Board, the Compensation Committee of the Board and/or the CEO shall be paid at the same time annual bonuses are paid to other executives of the Company generally, subject to any limitations on payment as set forth in Section 6Executive’s continuous employment through the date of approval.

Appears in 2 contracts

Samples: Employment Agreement (IDEAYA Biosciences, Inc.), Employment Agreement (IDEAYA Biosciences, Inc.)

Annual Bonus. Executive shall be eligible to receive a discretionary annual bonus based on Executive’s achievement of performance objectives as mutually agreed between Executive and the CEO, such bonus target to be equal to 30% targeted at twenty-five percent (25%) of Executive’s Annual Base Salary (the “Annual Bonus”). Any Annual Bonus earned will be paid at the same time annual bonuses are paid to other executives of the Company generally, subject to any limitations on payment as set forth in Section 6Executive’s continuous employment through the date of payment.

Appears in 2 contracts

Samples: Employment Agreement (Sienna Biopharmaceuticals, Inc.), Employment Agreement (Sienna Biopharmaceuticals, Inc.)

Annual Bonus. Executive shall be eligible to receive a discretionary annual bonus based on Executive’s achievement of performance objectives as mutually agreed between Executive and established by the CEOBoard, such bonus target to be equal to 30% targeted at [__]%3 of Executive’s Annual Base Salary (the “Annual Bonus”). Any Annual Bonus earned will approved by the Board shall be paid at the same time annual bonuses are paid to other executives of the Company generally, subject to any limitations on payment as set forth in Section 6Executive’s continuous employment through the date of approval.

Appears in 2 contracts

Samples: Employment Agreement (Zymergen Inc.), Employment Agreement (Zymergen Inc.)

Annual Bonus. Executive shall also be eligible to receive a discretionary receive, in addition to the Base Salary, an annual bonus based on Executive’s achievement of performance objectives as mutually agreed between Executive and the CEO, such bonus having a target to be amount equal to 3035% of Executive’s Annual 's Base Salary ("Target Bonus"), with the “Annual Bonus”). Any Annual Bonus earned will be paid at actual amount being determined by the same time annual bonuses are paid to other executives Compensation Committee of the Company generallyBoard in its discretion taking into account the Company's performance and Executive's individual performance. In order to receive a Target Bonus, subject to any limitations Executive must be employed by Employer on payment as set forth in Section 6the date the bonus is paid.

Appears in 2 contracts

Samples: Employment Agreement (Macrogenics Inc), Employment Agreement (Macrogenics Inc)

Annual Bonus. Executive shall be eligible to receive a discretionary an annual performance-based bonus based on Executive’s achievement of performance objectives as mutually agreed between Executive and the CEO, such pursuant to an annual managerial bonus target plan to be established by the Company, with an annual target bonus equal to 3050% of Executive’s Annual Base Salary (the “Annual Bonus”)Salary. Any Annual Bonus earned will Actual annual bonus amounts payable under this Section 2(b)(ii) shall be paid at the same time annual bonuses are paid to other executives of determined by the Company generally, subject to any limitations in its sole discretion based on payment as set forth the attainment of financial results and earnings targets for the fiscal year in Section 6question.

Appears in 2 contracts

Samples: Employment Agreement (AP Gaming Holdco, Inc.), Employment Agreement (PlayAGS, Inc.)

Annual Bonus. Executive shall will be eligible to receive an annual performance bonus with a discretionary annual bonus based on Executive’s achievement target amount of performance objectives as mutually agreed between Executive and the CEO, such bonus target to be equal to 3050% of Executive’s Annual Base Salary base salary (the “Annual Bonus”). Any Annual Bonus earned payments will be paid at determined in the same time annual bonuses are paid to other executives discretion of the Company generallyBoard and will be subject to achievement of any applicable performance milestones or other terms and conditions determined by the Board. The Annual Bonus will be payable as soon as practicable following the end of the calendar year to which the bonus relates, subject to any limitations Executive’s continued employment on the payment as set forth in Section 6.date. 3.3

Appears in 2 contracts

Samples: Employment Agreement (Accel Entertainment, Inc.), Employment Agreement (Accel Entertainment, Inc.)

Annual Bonus. Executive shall may be eligible to receive a discretionary annual bonus earn an Annual Bonus relating to each fiscal year, based on Executive’s the achievement of performance objectives as mutually agreed between Executive individual and Company written goals established on an annual basis by the CEO. If the Executive meets the applicable goals, such then the Executive may be awarded a bonus target for that year up to be equal to 3025% of Executive’s Annual her then-current Base Salary (Salary. Such bonus is wholly discretionary, and is dependent on several factors including the “Annual Bonus”). Any Annual Bonus earned will be paid at the same time annual bonuses are paid to other executives performance of the Company generally, subject company. The Executive is not entitled to any limitations on payment a bonus solely as set forth in Section 6result of meeting her goals.

Appears in 2 contracts

Samples: Employment Agreement (Kindred Biosciences, Inc.), Employment Agreement (Kindred Biosciences, Inc.)

Annual Bonus. In addition to his Base Salary, Executive shall be eligible to receive a an annual discretionary annual bonus based on Executive’s achievement of performance objectives as mutually agreed between Executive and the CEO, such bonus target to be equal to 30% of Executive’s Annual Base Salary (the “Annual Bonus”). Any Annual Bonus earned will be paid at ) during the same time annual bonuses are paid Term, based on performance criteria determined by the board of directors of Employer (the “Board”) in its sole discretion, in amount equal to other executives up to 100% of Employee’s base salary for the Company generally, subject to any limitations on payment as set forth in Section 6then current fiscal year.

Appears in 2 contracts

Samples: Employment Agreement (MJ Holdings, Inc.), Employment Agreement (MJ Holdings, Inc.)

Annual Bonus. Executive shall will be eligible to receive a discretionary for an annual target bonus based on Executive’s achievement of performance objectives as mutually agreed between Executive and the CEO, such bonus target to be equal to 30% fifty percent (50%) of Executive’s Annual Base Salary that may be awarded in cash and/or equity at the Company’s discretion. The actual bonus paid, if any, shall be based on the attainment of Company and individual Executive performance objectives established by the Compensation Committee (the “Annual Bonus”). Any If earned, the Annual Bonus earned will be paid at in the same time annual bonuses are paid year following the year to other executives which such Annual Bonus relates, provided the Executive remains continuously employed by the Company through the last day of the Company generally, subject to any limitations on payment as set forth in Section 6applicable bonus period.

Appears in 2 contracts

Samples: Employment Agreement (Tilray, Inc.), Employment Agreement (Tilray, Inc.)

Annual Bonus. During the Term, Executive shall be eligible to receive a discretionary annual bonus based on Executive’s achievement of performance objectives as mutually agreed between determined annually by the Compensation Committee in consultation with Executive and (the CEO“Annual Bonus”), such bonus target to be equal to 30targeted at 75% of Executive’s Annual Base Salary (the “Annual Target Bonus”). Any Annual Bonus earned will approved by the Compensation Committee of the Board shall be paid at the same time annual bonuses are paid to other executives of the Company generally, subject to any limitations on Executive’s continuous employment through the date of payment (other than as otherwise set forth in Section 66(a)).

Appears in 2 contracts

Samples: Employment Agreement (Duddell Street Acquisition Corp.), Employment Agreement (Duddell Street Acquisition Corp.)

Annual Bonus. Executive shall be eligible to receive a discretionary annual bonus based on Executive’s achievement of performance objectives as mutually agreed between Executive and established by the Board, its Compensation Committee and/or the CEO, such bonus target to be equal to 30% targeted at forty percent (40%) of Executive’s Annual Base Salary (the “Annual Bonus”). Any Annual Bonus earned will approved by the Board, the Compensation Committee of the Board and/or the CEO shall be paid at the same time annual bonuses are paid to other executives of the Company generally, subject to any limitations on payment as set forth in Section 6Executive’s continuous employment through the date of approval.

Appears in 1 contract

Samples: Employment Agreement (IDEAYA Biosciences, Inc.)

Annual Bonus. During the Term, Executive shall be eligible to receive a discretionary annual bonus based on Executive’s 's achievement of performance objectives as mutually agreed between Executive and determined by the CEOCompensation Committee, such bonus target to be equal to 30targeted at 50% of Executive’s 's Annual Base Salary (the "Annual Bonus"). Any Annual Bonus earned will approved by the Compensation Committee of the Board shall be paid at the same time annual bonuses are paid to other executives of the Company generally, subject to any limitations on payment as set forth in Section 6Executive's continuous employment through the date of payment.

Appears in 1 contract

Samples: Employment Agreement (Seelos Therapeutics, Inc.)

Annual Bonus. Executive shall be eligible to receive a discretionary annual bonus based on Executive’s achievement of performance objectives as mutually agreed between Executive and the CEOBoard, such bonus target to be equal to 30% targeted at forty-five percent (45%) of Executive’s Annual Base Salary (the “Annual Bonus”). Any Annual Bonus earned will be paid at the same time annual bonuses are paid to other executives of the Company generally, subject to any limitations on payment as set forth in Section 6Executive’s continuous employment through the date of payment.

Appears in 1 contract

Samples: Employment Agreement (Sienna Biopharmaceuticals, Inc.)

Annual Bonus. Executive shall be eligible to receive a an annual discretionary annual bonus based on Executive’s achievement of performance objectives as mutually agreed between Executive and the CEO, such bonus target to be equal to 30% targeted at one hundred percent (100%) of Executive’s Annual then-current Minimum Base Salary (Salary. Executive’s eligibility for a bonus and the “Annual Bonus”). Any Annual Bonus earned will be paid at the same time annual bonuses are paid to other executives amount of the Company generallybonus, subject to if any, shall be determined by the Board of Directors in its sole discretion, or by any limitations on payment as set forth in Section 6committee or officer having authority over executive compensation.

Appears in 1 contract

Samples: Executive Employment Agreement (Mylan Laboratories Inc)

Annual Bonus. Executive shall be eligible to receive a discretionary annual bonus based on Executive’s achievement of performance objectives as mutually agreed between Executive and the CEOBoard, such bonus target to be equal to 30targeted at 50% of Executive’s Annual Base Salary (the “Annual Bonus”). Any Annual Bonus earned will approved by the Board and/or the Compensation Committee of the Board shall be paid at the same time annual bonuses are paid to other executives of the Company generally, subject to any limitations on payment as set forth in Section 6Executive’s continuous employment through the date of approval.

Appears in 1 contract

Samples: Employment Agreement (Gritstone Oncology, Inc.)

Annual Bonus. Executive shall be eligible to receive a discretionary annual bonus based on Executive’s achievement of performance objectives as mutually agreed between Executive and established by the Board, its Compensation Committee and/or the CEO, such bonus target to be equal to 30targeted at 35% of Executive’s Annual Base Salary (the “Annual Bonus”). Any Annual Bonus earned will approved by the Board or the Compensation Committee of the Board shall be paid at the same time annual bonuses are paid to other executives of the Company generally, subject to any limitations on payment as set forth in Section 6Executive’s continuous employment through the date of approval.

Appears in 1 contract

Samples: Employment Agreement (Annexon, Inc.)

Annual Bonus. Executive shall have an annual discretionary target bonus opportunity equal to $110,000, to be eligible paid upon satisfaction of certain criteria established by the Compensation Committee and subject to receive a discretionary the terms of any annual bonus based on Executive’s achievement of performance objectives as mutually agreed between Executive and plan established by the CEOCompensation Committee, such or by any other committee or officer having authority over executive compensation. Such bonus target to be equal to 30% of Executive’s Annual Base Salary (the “Annual Bonus”)) shall be paid in accordance with the terms of any annual bonus plan governing such Annual Bonus. Any Since the Annual Bonus earned will be paid at is a conditional payment, it shall not constitute a salary component for any purpose, including for the same time annual bonuses are paid to other executives purpose of the Company generally, subject to calculating any limitations on payment as set forth in Section 6fringe benefits.

Appears in 1 contract

Samples: Employment Agreement (Varonis Systems Inc)

Annual Bonus. The Executive shall be eligible to receive a discretionary an annual incentive bonus based on Executive’s achievement of performance objectives as mutually agreed between Executive and the CEO, such bonus target to be equal to 30% of Executive’s Annual Base Salary (the “Annual Bonus”)) based on certain criteria and corporate objectives similar to the objectives established by the Board for the CEO. Any Annual The Bonus earned will target shall be twenty-five percent (25%) of the Executive’s Base Salary and be paid at to the same time Executive on an annual bonuses are paid to other executives of the Company generallybasis, subject to any limitations on payment as set forth in Section 6all appropriate legally required tax deductions.

Appears in 1 contract

Samples: Employment Agreement (Andover Medical, Inc.)

Annual Bonus. In addition to the compensation set forth in Paragraph 4 above, the Executive shall also be eligible to receive a discretionary an annual bonus based on in an amount up to 20% of the Executive’s achievement of performance objectives as mutually agreed between Executive and the CEOannual salary, such which bonus target to shall be equal to 30% of Executive’s Annual Base Salary (the “Annual Bonus”). Any Annual Bonus earned will be paid at determined by the same time annual bonuses are paid to general means employed by the Compensation Committee regarding other executives of Meritage. Generally, the Company generally, subject to any limitations Executive’s annual bonus shall be based on payment achieving developmental and performance goals as set forth in Section 6writing by the Company.

Appears in 1 contract

Samples: Employment Agreement (Meritage Hospitality Group Inc)

Annual Bonus. During the Employment Period, Executive shall will be eligible entitled to receive a discretionary an annual bonus based (payable in cash and/or equity of the Company) on Executive’s achievement the same basis as other senior executives commensurate with his position with the Company to be determined in the discretion of performance objectives as mutually agreed between Executive and the CEOCompany. The target for the value of the annual bonus will be $1,000,000 (but, such bonus target to be equal to 30% of Executive’s Annual Base Salary (the “Annual Bonus”). Any Annual Bonus earned will be paid at the same time annual bonuses are paid to other executives discretion of the Company generally, subject to any limitations on payment as set forth in Section 6Company).

Appears in 1 contract

Samples: Employment Agreement (Vornado Realty Trust)

Annual Bonus. Executive shall be eligible to receive a discretionary an annual performance-based bonus based on Executive’s achievement of performance objectives as mutually agreed between Executive and the CEO, such pursuant to an annual managerial bonus target plan to be established by the Company, with an annual target bonus equal to 3050% of Executive’s Annual 's Base Salary (the “Annual Bonus”)Salary. Any Annual Bonus earned will Actual annual bonus amounts payable under this Section 2(b)(ii) shall be paid at the same time annual bonuses are paid to other executives of determined by the Company generally, subject to any limitations in its sole discretion based on payment as set forth the attainment of financial results and earnings targets for the fiscal year in Section 6question.

Appears in 1 contract

Samples: Employment Agreement (AP Gaming Holdco, Inc.)

Annual Bonus. Executive shall be eligible to receive a discretionary annual bonus based on Executive’s achievement of performance objectives as mutually agreed between Executive and established by the Board, its Compensation Committee and/or the CEO, such bonus target to be equal to 30targeted at 40% of Executive’s Annual Base Salary (the “Annual Bonus”). Any Annual Bonus earned will approved by the Board, the Compensation Committee of the Board and/or the CEO shall be paid at the same time annual bonuses are paid to other executives of the Company generally, subject to any limitations on payment as set forth in Section 6Executive’s continuous employment through the date of approval.

Appears in 1 contract

Samples: Employment Agreement (Eargo, Inc.)

Annual Bonus. Executive shall be eligible to receive a discretionary an annual bonus during the Employment Period with an annual target bonus equal to 80% of Annual Base Salary, based on ExecutiveCompany and individual performance and subject to the discretion of the Company’s achievement board of performance objectives as mutually agreed between Executive and the CEO, such bonus target to be equal to 30% of Executive’s Annual Base Salary directors (the “Annual BonusBoard of Directors). Any Annual Bonus earned will be paid at the same time annual bonuses are paid to other executives of the Company generally, subject to any limitations on payment as set forth in Section 6) or a committee thereof.

Appears in 1 contract

Samples: Employment Agreement (Lordstown Motors Corp.)

Annual Bonus. Executive shall have an annual discretionary target bonus opportunity of $40,000, to be eligible paid upon satisfaction of certain criteria established by the Compensation Committee and subject to receive a discretionary the terms of any annual bonus based on Executive’s achievement of performance objectives as mutually agreed between Executive and plan established by the CEOCompensation Committee, such or by any other committee or officer having authority over executive compensation. Such bonus target to be equal to 30% of Executive’s Annual Base Salary (the “Annual Bonus”). Any Annual Bonus earned will ) shall be paid at in accordance with the same time terms of any annual bonuses are paid to other executives of the Company generally, subject to any limitations on payment as set forth in Section 6bonus plan governing such Annual Bonus.

Appears in 1 contract

Samples: Employment Agreement (Varonis Systems Inc)

Annual Bonus. The Executive shall be eligible to receive a discretionary annual bonus based on Executive’s achievement of performance objectives as mutually agreed between Executive and the CEO, such bonus target up to be equal to 3060% of Executive’s his Annual Base Salary (if the “Annual Bonus”). Any Annual Bonus earned will be paid Compensation Committee concludes that the Executive satisfied the performance targets and other criteria established by the Company at the same time annual bonuses are paid to other executives beginning of the Company generally, subject to any limitations on payment as set forth in Section 6each year.

Appears in 1 contract

Samples: Employment Agreement (Horizon Lines, Inc.)

Annual Bonus. Executive shall be eligible entitled to receive a discretionary target annual bonus based on Executive’s achievement of performance objectives as mutually agreed between Executive and the CEO, such bonus target equivalent to be equal to thirty percent (30% %) of Executive’s Annual Base Salary (the “Annual Bonus”). Any , which Annual Bonus earned will shall be paid awarded, if at all, at the same time annual bonuses are paid to other executives discretion of the Company generallyBoard based upon metrics to be mutually agreed upon by Executive and the Board. The Annual Bonus shall be determined at the conclusion of each calendar year and shall be paid, subject if at all, no later than March 31 of the year following the year to any limitations on payment as set forth in Section 6which the Annual Bonus relates.

Appears in 1 contract

Samples: Employment Agreement (Vascular Biogenics Ltd.)

Annual Bonus. Executive shall may be eligible to receive a discretionary annual bonus earn an Annual Bonus elating to each fiscal year, based on Executive’s the achievement of performance objectives as mutually agreed between Executive individual and Company written goals established on an annual basis by the CEO. If the Executive meets the applicable goals, such then the Executive may be awarded a bonus target to be equal for that year up to 30% of Executive’s Annual her then-current Base Salary (Salary. Such bonus is wholly discretionary, and is dependent on several factors including the “Annual Bonus”). Any Annual Bonus earned will be paid at the same time annual bonuses are paid to other executives performance of the Company generally, subject company. The Executive is not entitled to any limitations on payment a bonus solely as set forth in Section 6result of meeting her goals.

Appears in 1 contract

Samples: Employment Agreement (Kindred Biosciences, Inc.)

AutoNDA by SimpleDocs

Annual Bonus. In addition to his Base Salary, Executive shall be eligible to receive a an annual discretionary annual bonus based on Executive’s achievement of performance objectives as mutually agreed between Executive and the CEO, such bonus target to be equal to 30% of Executive’s Annual Base Salary (the “Annual Bonus”). Any Annual Bonus earned will be paid at ) during the same time annual bonuses are paid Term, based on performance criteria determined by the board of directors of Employer (the “Board”) in its sole discretion, in amount equal to other executives up to 50% of Employee’s base salary for the Company generally, subject to any limitations on payment as set forth in Section 6then current fiscal year.

Appears in 1 contract

Samples: Employment Agreement (Edison Nation, Inc.)

Annual Bonus. Executive shall will be eligible to receive an annual performance bonus with a discretionary annual bonus based on Executive’s achievement target amount of performance objectives as mutually agreed between Executive and the CEO, such bonus target to be equal to 3050% of Executive’s Annual Base Salary base salary (the “Annual Bonus”). Any Annual Bonus earned payments will be paid at determined in the same time annual bonuses are paid to other executives discretion of the Company generallyBoard and will be subject to achievement of any applicable performance milestones or other terms and conditions determined by the Board. The Annual Bonus will be payable as soon as practicable following the end of the calendar year to which the bonus relates, subject to any limitations Executive’s continued employment on the payment as set forth in Section 6date.

Appears in 1 contract

Samples: Executive Employment Agreement (Accel Entertainment, Inc.)

Annual Bonus. Executive shall be eligible to receive a discretionary annual bonus based on Executive’s achievement of performance objectives as mutually agreed between Executive and established by the Board, its Compensation Committee and/or the CEO, such bonus target to be equal to 30% targeted at twenty-five percent (25%) of Executive’s Annual Base Salary (the “Annual Bonus”). Any Annual Bonus earned will approved by the Board, the Compensation Committee of the Board and/or the CEO shall be paid at the same time annual bonuses are paid to other executives of the Company generally, subject to any limitations on payment as set forth in Section 6Executive’s continuous employment through the date of approval.

Appears in 1 contract

Samples: Employment Agreement (IDEAYA Biosciences, Inc.)

Annual Bonus. Executive shall have an annual discretionary target bonus opportunity equal to $110,000, to be eligible paid upon satisfaction of certain criteria established by the Compensation Committee and subject to receive a discretionary the terms of any annual bonus based on Executive’s achievement of performance objectives as mutually agreed between Executive and plan established by the CEOCompensation Committee, such or by any other committee or officer having authority over executive compensation. Such bonus target to be equal to 30% of Executive’s Annual Base Salary (the “Annual Bonus”). Any Annual Bonus earned will ) shall be paid at in accordance with the same time terms of any annual bonuses are paid to other executives of the Company generally, subject to any limitations on payment as set forth in Section 6bonus plan governing such Annual Bonus.

Appears in 1 contract

Samples: Employment Agreement (Varonis Systems Inc)

Annual Bonus. The Executive may be entitled to receive an annual incentive bonus. The award of a bonus as well as the actual bonus amount, if any, payable to the Executive shall be eligible to receive a discretionary annual bonus based on determined by the Manager in its sole discretion, depending upon the Executive’s achievement attainment of individual and the Manager performance objectives. The Executive’s annual bonus, if any, shall be paid no later than March 15th of the year following the calendar year to which the performance objectives as mutually agreed between Executive and the CEO, such bonus target to be equal to 30% of Executive’s Annual Base Salary (the “Annual Bonus”). Any Annual Bonus earned will be paid at the same time annual bonuses are paid to other executives of the Company generally, subject to any limitations on payment as set forth in Section 6relate.

Appears in 1 contract

Samples: Employment Agreement (Compass Group Diversified Holdings LLC)

Annual Bonus. Executive shall have an annual discretionary target bonus opportunity equal to $160,000, to be eligible paid upon satisfaction of certain criteria established by the Compensation Committee and subject to receive a discretionary the terms of any annual bonus based on Executive’s achievement of performance objectives as mutually agreed between Executive and plan established by the CEOCompensation Committee, such or by any other committee or officer having authority over executive compensation. Such bonus target to be equal to 30% of Executive’s Annual Base Salary (the “Annual Bonus”). Any Annual Bonus earned will ) shall be paid at in accordance with the same time terms of any annual bonuses are paid to other executives of the Company generally, subject to any limitations on payment as set forth in Section 6bonus plan governing such Annual Bonus.

Appears in 1 contract

Samples: Employment Agreement (Varonis Systems Inc)

Annual Bonus. The Executive shall will be eligible to receive a discretionary an annual bonus based on (including for the 2005 calendar year) in an amount to be set at the sole discretion of the compensation committee of the Board. The Executive’s achievement of performance objectives as mutually agreed between Executive and the CEO, such annual bonus target to be equal to 30% of Executive’s Annual Base Salary (the “Annual Bonus”). Any Annual Bonus earned will be paid in the form (and at the same time annual general time) as bonuses are generally paid to other executives senior managers and portfolio managers of the Company generally, subject to any limitations on payment as set forth in Section 6Company.

Appears in 1 contract

Samples: Employment Agreement (BKF Capital Group Inc)

Annual Bonus. Executive shall be eligible to receive a discretionary annual bonus based on Executive’s achievement of performance objectives as mutually agreed between Executive and established by the CEOBoard, such bonus target to be equal to 30targeted at 50% of Executive’s Annual Base Salary (the “Annual Bonus”). Any Annual Bonus earned will approved by the Board shall be paid at the same time annual bonuses are paid to other executives of the Company generally, subject to any limitations on payment as set forth in Section 6Executive’s continuous employment through the date of approval.

Appears in 1 contract

Samples: Employment Agreement (Annexon, Inc.)

Annual Bonus. During the Term, Executive shall be eligible to receive a discretionary annual bonus based on Executive’s achievement of performance objectives as mutually agreed between Executive and determined by the CEOCompensation Committee, such bonus target to be equal to 30targeted at 50% of Executive’s Annual Base Salary (the “Annual Bonus”). Any Annual Bonus earned will approved by the Compensation Committee of the Board shall be paid at the same time annual bonuses are paid to other executives of the Company generally, subject to any limitations on payment as set forth in Section 6Executive’s continuous employment through the date of payment.

Appears in 1 contract

Samples: Employment Agreement (Seelos Therapeutics, Inc.)

Annual Bonus. Executive shall will also be eligible to receive earn an annual discretionary bonus with a discretionary annual bonus based on Executive’s achievement of performance objectives as mutually agreed between Executive and the CEO, such bonus target to be amount equal to 3040% of Executive’s Annual the Base Salary (the Annual Target Bonus”). Any Annual Bonus The amount of this bonus, if any, will be determined in the sole discretion of the Company and based, in part, on Executive’s performance and the performance of the Company during the calendar year. The Company will pay Executive this bonus, if any, by no later than March 15th of the following calendar year. The bonus is not earned until paid and no pro-rated amount will be paid at if Executive’s employment terminates for any reason prior to the same time annual bonuses are paid to other executives of the Company generally, subject to any limitations on payment as set forth in Section 6date.

Appears in 1 contract

Samples: Executive Employment Agreement (X4 Pharmaceuticals, Inc)

Annual Bonus. Executive shall have an annual discretionary target bonus opportunity equal to $100,000, to be eligible paid upon satisfaction of certain criteria established by the Compensation Committee and subject to receive a discretionary the terms of any annual bonus based on Executive’s achievement of performance objectives as mutually agreed between Executive and plan established by the CEOCompensation Committee, such or by any other committee or officer having authority over executive compensation. Such bonus target to be equal to 30% of Executive’s Annual Base Salary (the “Annual Bonus”). Any Annual Bonus earned will ) shall be paid at in accordance with the same time terms of any annual bonuses are paid to other executives of the Company generally, subject to any limitations on payment as set forth in Section 6bonus plan governing such Annual Bonus.

Appears in 1 contract

Samples: Employment Agreement (Varonis Systems Inc)

Annual Bonus. Executive shall will be eligible to receive for a discretionary annual bonus ("Bonus") with target payout of fifty percent (50%) of Executive's Base Salary. Actual Bonus payout will be based on Executive’s the achievement of performance Company, business unit or division financial and/or operational business objectives as mutually agreed between Executive established by the Compensation Committee for any given calendar year and the CEO, such bonus target to be equal to 30% an evaluation of Executive’s Annual Base Salary ('s contribution toward the “Annual Bonus”). Any Annual Bonus earned will be paid at achievement of such objectives and individual performance, as determined in the same time annual bonuses are paid to other executives sole discretion of the Company generally, subject to any limitations on payment as set forth in Section 6Compensation Committee.

Appears in 1 contract

Samples: Employment Agreement (Tilray, Inc.)

Annual Bonus. During the Term, the Executive shall be eligible to receive a discretionary annual bonus, which bonus based on Executive’s achievement shall have a target value of performance objectives as mutually agreed between Executive and the CEO, such bonus target to be equal to 30not less than 55% of Executive’s his Annual Base Salary (such target value percentage, as in effect from time to time, the “Annual BonusTarget Bonus Percentage”). Any Annual Bonus earned will be paid at , if the same time annual bonuses are paid to Compensation Committee concludes that the Executive satisfied the performance targets and other executives of the Company generally, subject to any limitations on payment as criteria set forth in Section 6the Executive Bonus Plan.

Appears in 1 contract

Samples: Employment Agreement (Horizon Lines, Inc.)

Annual Bonus. Executive shall may be eligible to receive a discretionary earn an annual bonus relating to each fiscal year, based on Executive’s the achievement of performance objectives as mutually agreed between Executive individual and Company written goals established on an annual basis by the CEO. If Executive meets the applicable goals, such then Executive may be awarded a bonus target for that year up to be equal to 3045% of Executive’s Annual his or her then-current Base Salary (the Annual Target Bonus”). Any Annual Bonus earned will be paid at Such bonus is wholly discretionary, and is dependent on several factors including the same time annual bonuses are paid to other executives performance of the Company generally, subject company. Executive is not entitled to any limitations on payment a bonus solely as set forth in Section 6result of meeting his or her goals.

Appears in 1 contract

Samples: Executive Employment Agreement (Kindred Biosciences, Inc.)

Annual Bonus. During the Employment Period, Executive shall will be eligible entitled to receive a discretionary an annual bonus based (payable in cash and/or equity of the Company) on Executive’s achievement the same basis as other senior executives commensurate with his position with the Company to be determined in the discretion of performance objectives as mutually agreed between Executive and the CEOCompany. The target for the value of the annual bonus will be no less than $1,500,000 (but, such bonus target to be equal to 30% of Executive’s Annual Base Salary (the “Annual Bonus”). Any Annual Bonus earned will be paid at the same time annual bonuses are paid to other executives discretion of the Company generally, subject to any limitations on payment as set forth in Section 6Company).

Appears in 1 contract

Samples: Employment Agreement (Vornado Realty Trust)

Annual Bonus. Executive shall be eligible to receive a discretionary an annual bonus based on Executive’s achievement of performance objectives as mutually agreed between Executive and the CEO, such bonus target to be equal to 30% of Executive’s Annual Base Salary (the "Annual Bonus"). Any Annual Bonus earned will amounts payable to Executive shall be paid at determined in accordance with the same time Company's short term incentive compensation policy or plan for senior executive officers; provided, however, that the annual bonuses are paid to other executives of the Company generally, subject to any limitations on payment as set forth in Section 6bonus for Executive shall not be less than $150,000.

Appears in 1 contract

Samples: Executive Copy (Blue Steel Capital Corp)

Annual Bonus. In addition to his Base Salary, Executive shall be eligible to receive a an annual discretionary annual bonus based on Executive’s achievement of performance objectives as mutually agreed between Executive and the CEO, such bonus target to be equal to 30% of Executive’s Annual Base Salary (the “Annual Bonus”). Any Annual Bonus earned will be paid at ) during the same time annual bonuses are paid Term, based on performance criteria determined by the board of directors of Employer (the “Board”) in its sole discretion, in amount equal to other executives up to 200% of Employee’s base salary for the Company generally, subject to any limitations on payment as set forth in Section 6then current fiscal year.

Appears in 1 contract

Samples: Employment Agreement (MJ Holdings, Inc.)

Annual Bonus. The Executive shall be eligible to receive a discretionary an annual bonus based on Executive’s achievement representing up to thirty-five percent (35%) of performance objectives as his Base Salary, the whole subject to attainment of certain milestones mutually agreed between upon annually by the Executive and the CEO, such bonus target to . To be equal to 30% of Executive’s Annual Base Salary (the “Annual Bonus”). Any Annual Bonus earned will be paid at the same time annual bonuses are paid to other executives of the Company generally, subject eligible to any limitations bonus hereunder, the Executive must actively be employed on payment as set forth in Section 6the date the bonus is paid.

Appears in 1 contract

Samples: Employment Agreement (Enerkem Inc.)

Annual Bonus. Executive shall be eligible to receive a discretionary annual bonus based on Executive’s achievement of performance objectives as mutually agreed between Executive and established by the Board, its Compensation Committee and/or the CEO, such bonus target to be equal to 30% targeted at thirty-five percent (35%) of Executive’s Annual Base Salary (the “Annual Bonus”). Any Annual Bonus earned will approved by the Board, the Compensation Committee of the Board and/or the CEO shall be paid at the same time annual bonuses are paid to other executives of the Company generally, subject to any limitations on payment as set forth in Section 6Executive’s continuous employment through the date of approval.

Appears in 1 contract

Samples: Employment Agreement (IDEAYA Biosciences, Inc.)

Annual Bonus. Executive shall may be eligible to receive a discretionary annual bonus earn an Annual Bonus relating to each fiscal year, based on Executive’s the achievement of performance objectives as mutually agreed between Executive individual and Company written goals established on an annual basis by the CEO. If the Executive meets the applicable goals, such then the Executive may be awarded a bonus target to be equal for that year up to 30% of Executive’s Annual then-current Base Salary (Salary. Such bonus is wholly discretionary, and is dependent on several factors including the “Annual Bonus”). Any Annual Bonus earned will be paid at the same time annual bonuses are paid to other executives performance of the Company generally, subject company. The Executive is not entitled to any limitations on payment a bonus solely as set forth in Section 6result of meeting her goals.

Appears in 1 contract

Samples: Employment Agreement (Kindred Biosciences, Inc.)

Annual Bonus. The Executive may be entitled to receive an annual incentive bonus in an amount up to forty percent (40%) of the Base Salary Rate. The award of a bonus as well as the actual bonus amount, if any, payable to the Executive shall be eligible to receive a discretionary annual bonus based on determined by the Company in its sole discretion, depending upon the Executive’s achievement attainment of performance objectives as mutually agreed between Executive individual and the CEO, such bonus target to be equal to 30% of Company performance objectives. The Executive’s Annual Base Salary (the “Annual Bonus”). Any Annual Bonus earned annual bonus, if any, generally will be paid at the same time annual bonuses are paid to other executives no later than March 15th of the Company generallyyear following the calendar year to which the performance objectives relate. In order to receive any bonus, subject to any limitations on payment as set forth in Section 6the Executive must be employed through the date that such bonus is paid.

Appears in 1 contract

Samples: Executive Employment Agreement (Bridgeway National Corp.)

Annual Bonus. Executive shall be eligible to receive a discretionary annual bonus based on Executive’s achievement of performance objectives as mutually agreed between Executive and established by the CEOCompany, such bonus target to be equal to 30targeted at 60% of Executive’s Annual Base Salary (the “Annual Bonus”). Any Annual Bonus earned will approved by the Board, the Committee and/or the CEO shall be paid at the same time annual bonuses are paid to other executives of the Company generally, subject to any limitations on payment as set forth Executive’s continuous employment through the date of approval. The Annual Bonus shall be prorated in Section 6the case Executive commences employment subsequent to the start of the fiscal year.

Appears in 1 contract

Samples: Employment Agreement (Paragon 28, Inc.)

Annual Bonus. Executive shall be eligible to receive a discretionary annual bonus based on Executive’s achievement of performance objectives as mutually agreed between Executive and the CEOBoard, such bonus target to be equal to 30% targeted at fifty percent (50%) of Executive’s Annual Base Salary (the “Annual Bonus”). Any Annual Bonus earned will approved by the Board shall be paid at the same time annual bonuses are paid to other executives of the Company generally, subject to any limitations on payment as set forth in Section 6Executive’s continuous employment through the date of approval.

Appears in 1 contract

Samples: Employment Agreement (Unity Biotechnology, Inc.)

Annual Bonus. The Executive shall be eligible to receive a discretionary an annual bonus based on Executive’s the achievement of individual and Company performance objectives as mutually agreed between Executive and objectives. The amount of the CEO, such annual bonus target to will be equal to 30targeted at 50% of the Executive’s Annual 's Base Salary (the “Annual Bonus”). Any Annual Bonus earned Salary, but will be paid granted solely at the same time annual bonuses are paid to other executives discretion of the Company generally, subject to any limitations on payment as set forth in Section 6Board.

Appears in 1 contract

Samples: Employment Agreement (Beacon Power Corp)

Annual Bonus. Executive shall will be eligible to receive an annual performance bonus with a discretionary annual bonus based on Executive’s achievement target amount of performance objectives as mutually agreed between Executive and the CEO, such bonus target to be equal to 3055% of Executive’s Annual Base Salary base salary (the “Annual Bonus”). Any Annual Bonus earned payments will be paid at determined in the same time annual bonuses are paid to other executives discretion of the Company generallyBoard and will be subject to achievement of any applicable performance milestones or other terms and conditions determined by the Board. The Annual Bonus will be payable as soon as practicable following the end of the calendar year to which the bonus relates, subject to any limitations Executive’s continued employment on the payment as set forth in Section 6date.

Appears in 1 contract

Samples: Executive Employment Agreement (Accel Entertainment, Inc.)

Annual Bonus. Executive shall be eligible to receive a discretionary annual bonus based on Executive’s achievement of performance objectives as mutually agreed between Executive and the CEO, such bonus target to be equal to 30% targeted at forty percent (40%) of Executive’s Annual Base Salary (the “Annual Bonus”). Any Annual Bonus earned will approved by the Board, the Compensation Committee of the Board and/or the CEO shall be paid at the same time annual bonuses are paid to other executives of the Company generally, subject to any limitations on payment as set forth in Section 6Executive’s continuous employment through the date of approval.

Appears in 1 contract

Samples: Employment Agreement (Unity Biotechnology, Inc.)

Annual Bonus. Executive shall be eligible to receive a discretionary an annual bonus based on Executive’s achievement of performance objectives as mutually agreed between Executive and the CEO, such bonus target to be equal to 30% of Executive’s Annual Base Salary (the “Annual Bonus”)) of up to 60% of the Fixed Salary, contingent upon achieving established goals determined by the Company in accordance with its customary procedures and standards. Any The Annual Bonus earned will shall be paid at the same time annual bonuses are paid prorated in 2005 to other executives reflect 11/12ths of the Company generally, subject to any limitations on payment as set forth in Section 6bonus for the year.

Appears in 1 contract

Samples: Employment Agreement (Mpower Holding Corp)

Annual Bonus. Executive shall be eligible to receive a discretionary annual bonus based on Executive’s achievement of performance objectives as mutually agreed between Executive and established by the Board, its Compensation Committee and/or the CEO, such bonus target to be equal to 30% targeted at 40_% of Executive’s Annual Base Salary (the “Annual Bonus”). Any Annual Bonus earned will approved by the Board, the Compensation Committee of the Board and/or the CEO shall be paid at the same time annual bonuses are paid to other executives of the Company generally, subject to any limitations on payment as set forth in Section 6Executive’s continuous employment through the date of approval.

Appears in 1 contract

Samples: Employment Agreement (Revolution Medicines, Inc.)

Annual Bonus. Executive shall may be eligible to receive a discretionary earn an annual bonus relating to each fiscal year, based on Executive’s the achievement of performance objectives as mutually agreed between Executive individual and Company written goals established on an annual basis by the CEO. If Executive meets the applicable goals, such then Executive may be awarded a bonus target for that year up to be equal to 3040% of Executive’s Annual his or her then-current Base Salary (the Annual Target Bonus”). Any Annual Bonus earned will be paid at Such bonus is wholly discretionary, and is dependent on several factors including the same time annual bonuses are paid to other executives performance of the Company generally, subject company. Executive is not entitled to any limitations on payment a bonus solely as set forth in Section 6result of meeting his or her goals.

Appears in 1 contract

Samples: Executive Employment Agreement (Kindred Biosciences, Inc.)

Annual Bonus. During the Term, the Executive shall be eligible to receive earn a discretionary annual bonus based on Executive’s achievement of performance objectives as mutually agreed between Executive and the CEO, such bonus target to be equal to 30% of Executive’s Annual Base Salary (the “Annual Bonus”)) based on individual performance as well as the Company’s strategic, operational, and financial performance during the year, as determined by the Compensation Committee of the Board of Directors. Any Subject to Executive remaining employed by the Company through December 31st of the applicable calendar year, Executive will receive a minimum Annual Bonus earned will be paid at the same time annual bonuses are paid to other executives of the Company generally, subject to any limitations on payment as set forth in Section 6$500,000.

Appears in 1 contract

Samples: Employment Agreement (SS&C Technologies Holdings Inc)

Annual Bonus. Executive shall be eligible to receive a discretionary annual bonus based on Executive’s achievement of performance objectives as mutually agreed between Executive and established by the CEOBoard, such bonus target to be equal to 30targeted at 45% of Executive’s Annual Base Salary (the “Annual Bonus”). Any Annual Bonus earned will approved by the Board shall be paid at the same time annual bonuses are paid to other executives of the Company generally, subject to any limitations on payment as set forth in Section 6Executive’s continuous employment through the date of approval.

Appears in 1 contract

Samples: Employment Agreement (Revolution Medicines, Inc.)

Annual Bonus. Executive shall be eligible to receive a discretionary annual bonus based on Executive’s achievement of performance objectives as mutually agreed between Executive and established by the Board, its Compensation Committee and/or the CEO, such bonus target to be equal to 30% targeted at 35_% of Executive’s Annual Base Salary (the “Annual Bonus”). Any Annual Bonus earned will approved by the Board, the Compensation Committee of the Board and/or the CEO shall be paid at the same time annual bonuses are paid to other executives of the Company generally, subject to any limitations on payment as set forth in Section 6Executive’s continuous employment through the date of approval.

Appears in 1 contract

Samples: Employment Agreement (Revolution Medicines, Inc.)

Annual Bonus. Executive shall will be eligible to receive an annual performance bonus with a discretionary annual bonus based on Executive’s achievement target amount of performance objectives as mutually agreed between Executive and the CEO, such bonus target to be equal to 30100% of Executive’s Annual Base Salary base salary (the “Annual Bonus”). Any Annual Bonus earned payments will be paid at determined in the same time annual bonuses are paid to other executives discretion of the Company generallyBoard and will be subject to achievement of any applicable performance milestones or other terms and conditions determined by the Board. The Annual Bonus will be payable as soon as practicable following the end of the calendar year to which the bonus relates, subject to any limitations on payment as set forth in Section 6Executive’s continued employment through the end of such calendar year.

Appears in 1 contract

Samples: Executive Employment Agreement (Accel Entertainment, Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.