Base Salary Increase. Effective upon the Closing, your annual base salary will increase to $400,000, less applicable taxes and withholdings. For the avoidance of doubt, your current target bonus will be pro-rated to reflect such increase in salary.
Appears in 2 contracts
Sources: Employment Continuation and Retention Bonus Letter Agreement (Idera Pharmaceuticals, Inc.), Employment Continuation and Retention Bonus Letter Agreement (Idera Pharmaceuticals, Inc.)