Common use of Annual Discretionary Bonus Clause in Contracts

Annual Discretionary Bonus. If the Company's Board, in its sole discretion, approves an annual bonus for calendar year 2017 or any calendar year thereafter, the Employee will be eligible for a discretionary bonus award. The annual target for the Employee's bonus will be at 30% of the Employee's annualized base salary. The Company will determine, in its sole discretion, whether (and in what amount) a bonus award is payable to the Employee. In determining whether a bonus award in any given year shall be granted, the Company will review whether it has achieved its annually approved corporate goals as well as whether the Employee has achieved his/her personal objectives as established by the Company. In order to be eligible for any bonus hereunder, the Employee must be an active employee of the Company on the date such bonus is distributed.

Appears in 2 contracts

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

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Annual Discretionary Bonus. If the Company's Board, in its sole discretion, ’s Board approves an annual bonus for calendar year 2017 2008 or any calendar year thereafter, the Employee will be eligible for a discretionary bonus award. The annual target for the Employee's ’s bonus will be at 30% of the Employee's ’s annualized base salary. The Company will determine, in its sole discretion, whether (and in what amount) a bonus award is payable to the Employee. In determining whether a bonus award in any given year shall be granted, the Company will review whether it has achieved its annually approved corporate goals as well as whether the Employee has achieved his/her personal objectives as established by the Company. In order to be eligible for any bonus hereunder, the Employee must be an active employee of the Company on the date such bonus is distributed.

Appears in 2 contracts

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

Annual Discretionary Bonus. If the Company's Board, in its sole discretion, ’s Board approves an annual bonus for calendar year 2017 2008 or any calendar year thereafter, the Employee will be eligible for a discretionary bonus award. The annual target for the Employee's ’s bonus will be at 30% of the Employee's ’s annualized base salary. The Company will determine, in its sole discretion, whether (and in what amount) a bonus award is payable to the Employee. In determining whether a bonus award in any given year shall be granted, the Company will review whether it has achieved its annually approved corporate goals as well as whether the Employee has achieved his/her personal objectives as established by the Company. In order to be eligible for any bonus hereunder, the Employee must be an active employee of the Company on the date such bonus is distributed.

Appears in 1 contract

Samples: Employment Agreement (Momenta Pharmaceuticals Inc)

Annual Discretionary Bonus. If the Company's Board, in its sole discretion, Board approves an annual bonus for calendar year 2017 2019 or any calendar year thereafter, the Employee will be eligible for a discretionary bonus award. The annual target for the Employee's ’s bonus will be at 3040% of the Employee's ’s annualized base salary. The Company will determine, in its sole discretion, whether (and in what amount) a bonus award is payable to the EmployeeEmployee and may prorate the bonus award for any partial year of service. In determining whether a bonus award in any given year shall be granted, the Company will Board may review whether it the Company has achieved its annually approved corporate goals as well as whether the Employee has achieved his/her the Employee’s personal objectives as established by the CompanyCompany or the Board. In order to be eligible for any bonus hereunder, the Employee must be an active employee of the Company on the date such bonus is distributedpaid.

Appears in 1 contract

Samples: Agreement and General Release (Momenta Pharmaceuticals Inc)

Annual Discretionary Bonus. If the Company's Board, in its sole discretion, ’s Board approves an annual bonus for calendar year 2017 or any calendar year thereafter, the Employee will be eligible for a discretionary bonus award. The annual target for the Employee's ’s bonus will be at 3040% of the Employee's ’s annualized base salary. The Company will determine, in its sole discretion, whether (and in what amount) a bonus award is payable to the Employee. In determining whether a bonus award in any given year shall be granted, the Company will review whether it has achieved its annually approved corporate goals as well as whether the Employee has achieved his/her personal objectives as established by the Company. In order to be eligible for any bonus hereunder, the Employee must be an active employee of the Company on the date such bonus is distributed.

Appears in 1 contract

Samples: Executive Employment Agreement (Momenta Pharmaceuticals Inc)

Annual Discretionary Bonus. If the Company's Board, in its sole discretion, Board approves an annual bonus for calendar year 2017 2019 or any calendar year thereafter, the Employee will be eligible for a discretionary bonus award. The annual target for the Employee's ’s bonus will be at 30% of the Employee's ’s annualized base salary. The Company will determine, in its sole discretion, whether (and in what amount) a bonus award is payable to the EmployeeEmployee and may prorate the bonus award for any partial year of service. In determining whether a bonus award in any given year shall be granted, the Company will Board may review whether it the Company has achieved its annually approved corporate goals as well as whether the Employee has achieved his/her the Employee’s personal objectives as established by the CompanyCompany or the Board. In order to be eligible for any bonus hereunder, the Employee must be an active employee of the Company on the date such bonus is distributedpaid.

Appears in 1 contract

Samples: Vice President Employment Agreement (Momenta Pharmaceuticals Inc)

Annual Discretionary Bonus. If the Company's Board, in its sole discretion, Board approves an annual bonus for calendar year 2017 or any calendar year thereafter, the Employee will be eligible for a discretionary discretiona1y bonus award. The annual target for the Employee's bonus will be at 3040% of the Employee's annualized base salary. The Company will determine, in its sole discretion, whether (and in what amount) a bonus award is payable to the Employee. In determining whether a bonus award in any given year shall be granted, the Company will review whether it has achieved its annually approved corporate goals as well as whether the Employee has achieved his/her personal objectives as established by the Company. In order to be eligible for any bonus hereunder, the Employee must be an active employee of the Company on the date such bonus is distributed.

Appears in 1 contract

Samples: Executive Employment Agreement (Momenta Pharmaceuticals Inc)

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Annual Discretionary Bonus. If the Company's Board, in its sole discretion, Board approves an annual bonus for calendar year 2017 2008 or any calendar year thereafter, the Employee will be eligible for a discretionary bonus award. The annual target for the Employee's bonus will be at 3040% of the Employee's annualized base salary. The Company will determine, in its sole discretion, whether (and in what amount) a bonus award is payable to the Employee. In determining whether a bonus award in any given year shall be granted, the Company will review whether it has achieved its annually approved corporate goals as well as whether the Employee has achieved his/her personal objectives as established by the Company. In order to be eligible for any bonus hereunder, the Employee must be an active employee of the Company on the date such bonus is distributed.

Appears in 1 contract

Samples: Executive Employment Agreement (Momenta Pharmaceuticals Inc)

Annual Discretionary Bonus. If the Company's Board, in its sole discretion, ’s Board approves an annual bonus for calendar year 2017 2008 or any calendar year thereafter, the Employee will be eligible for a discretionary bonus award. The annual target for the Employee's ’s bonus will be at 3035% of the Employee's ’s annualized base salary. The Company will determine, in its sole discretion, whether (and in what amount) a bonus award is payable to the Employee. In determining whether a bonus award in any given year shall be granted, the Company will review whether it has achieved its annually approved corporate goals as well as whether the Employee has achieved his/her personal objectives as established by the Company. In order to be eligible for any bonus hereunder, the Employee must be an active employee of the Company on the date such bonus is distributed.

Appears in 1 contract

Samples: Employment Agreement (Momenta Pharmaceuticals Inc)

Annual Discretionary Bonus. If the Company's Board, in its sole discretion, Board approves an annual bonus for calendar year 2017 2011 or any calendar year thereafter, the Employee will be eligible for a discretionary bonus award. The annual target for the Employee's bonus will be at 30% of the Employee's annualized base salary. The Company will determine, in its sole discretion, whether (and in what amount) a bonus award is payable to the Employee. In determining whether a bonus award in any given year shall be granted, the Company will review whether it has achieved its annually approved corporate goals as well as whether the Employee has achieved his/her personal objectives as established by the Company. In order to be eligible for any bonus hereunder, the Employee must be an active employee of the Company on the date such bonus is distributed.

Appears in 1 contract

Samples: Employment Agreement (Momenta Pharmaceuticals Inc)

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