Common use of Bonus Eligibility Clause in Contracts

Bonus Eligibility. You are eligible to receive an annual performance bonus with a target of 40% of your Base Salary. The actual amount of your annual performance bonus will be determined by the Committee in its discretion and will be subject to the Committee’s assessment of your performance, as well as business conditions at the Company. As a condition to receiving any such bonus, you must continue to be employed with the Company through the date that such bonus is to be paid. For 2019, your bonus is guaranteed in full and will not be subject to pro-ration.

Appears in 2 contracts

Samples: Letter Agreement (Beam Therapeutics Inc.), Beam Therapeutics Inc.

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Bonus Eligibility. You are eligible to receive an annual performance bonus with a target of 4035% of your Base Salary. The actual amount of your annual performance bonus will be determined by the Committee in its discretion and will be subject to the Committee’s assessment of your performance, as well as business conditions at the Company. As a condition to receiving any such bonus, you must continue to be employed with the Company through the date that such bonus is to be paid. For 2019, your bonus is guaranteed in full and will not be subject to pro-ration.

Appears in 1 contract

Samples: Letter Agreement (Beam Therapeutics Inc.)

Bonus Eligibility. You are eligible to receive an annual performance bonus with a target of 4035% of your Base Salary. The actual amount of your annual performance bonus will be determined by the Committee in its discretion and will be subject to the Committee’s 's assessment of your performance, as well as business conditions at the Company. As a condition to receiving any such bonus, you must continue to be employed with the Company through the date that such bonus is to be paid. For 2019, your bonus is guaranteed in full and will not be subject to pro-rationrated to reflect the number of months you have worked for the Company.

Appears in 1 contract

Samples: Letter Agreement (Beam Therapeutics Inc.)

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Bonus Eligibility. You are eligible to receive an annual performance bonus with a target of 40% of your Base Salary. The actual amount of your annual performance bonus will be determined by the Committee in its discretion and will be subject to the Committee’s assessment of your performance, as well as business conditions at the Company, except that, for 2021, you will be paid an annual performance bonus in an amount equal to your target annual performance bonus, which amount will not be subject to pro-ration. As a condition to receiving any such bonus, you must continue to be employed with the Company through the date that such bonus is to be paid. For 2019, your bonus is guaranteed in full and will not be subject to pro-ration.

Appears in 1 contract

Samples: Letter Agreement (Beam Therapeutics Inc.)

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