Common use of Compensation of Executive Clause in Contracts

Compensation of Executive. 3.1 While employed by the Company, as compensation for proper and satisfactory performance of all duties to be performed hereunder, the Company shall pay Executive an annual base salary of Two Hundred Eighty Thousand Dollars, $280,000 per year (the “Base Salary”), payable in regular periodic payments in accordance with Company policy. Such salary shall be prorated for any partial year of employment on the basis of a 365-day fiscal year. In addition, Executive will be eligible for an incentive bonus of up to 25% of base salary, based upon defined milestones.

Appears in 2 contracts

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

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Compensation of Executive. 3.1 While employed by the Company, as compensation for proper and satisfactory performance of all duties to be performed hereunder, the Company shall pay Executive an annual base salary of Two One Hundred Eighty Forty Thousand Dollars, Dollars ($280,000 175,000) per year (the "Base Salary"), payable in regular periodic payments in accordance with Company policy. Such salary shall be prorated for any partial year of employment on the basis of a 365-day fiscal year. In addition, Executive will be eligible for an incentive bonus of up to 25% of base salarybonus, based upon defined milestones, during the agreement period.

Appears in 1 contract

Samples: Employment Agreement (Maxim Pharmaceuticals Inc)

Compensation of Executive. 3.1 While employed by the Company, as compensation for proper and satisfactory performance of all duties to be performed hereunder, the Company shall pay Executive an annual base salary of Two Hundred Eighty Thousand Dollars, $280,000 per year (the "Base Salary"), payable in regular periodic payments in accordance with Company policy. Such salary shall be prorated for any partial year of employment on the basis of a 365-day fiscal year. In addition, Executive will be eligible for an incentive bonus of up to 2520% of base salary, based upon defined milestonesmilestone, during the agreement period.

Appears in 1 contract

Samples: Employment Agreement (Maxim Pharmaceuticals Inc)

Compensation of Executive. 3.1 While employed by the Company, as compensation for proper and satisfactory performance of all duties to be performed hereunder, the Company shall pay Executive an annual base salary of Two Hundred Eighty Fifty Thousand Dollars, $280,000 250,000 per year (the “Base Salary”), payable in regular periodic payments in accordance with Company policy. Such salary shall be prorated for any partial year of employment on the basis of a 365-day fiscal year. In addition, Executive will be eligible for an incentive bonus of up to 2520% of base salary, based upon defined milestones.

Appears in 1 contract

Samples: Employment Agreement (Maxim Pharmaceuticals Inc)

Compensation of Executive. 3.1 While employed by the CompanyEffective as of January 1, as compensation for proper and satisfactory performance of all duties to be performed hereunder, 2007 the Company shall will pay Executive an annual a base salary of Two Hundred Eighty Fifty-Eight Thousand Dollars, Dollars ($280,000 258,000) per year (the “Base Salary”), payable in regular periodic payments in accordance with Company policythe Company’s payroll practices as are in effect from time to time. Such salary shall The Base Salary will be prorated for any partial year of employment on the basis of a 365-day fiscal year. In addition, Executive will be eligible for an incentive bonus of up to 25% of base salary, based upon defined milestones.

Appears in 1 contract

Samples: Employment Agreement (Lipid Sciences Inc/)

Compensation of Executive. 3.1 While employed by the Company, as compensation for proper and satisfactory performance of all duties to be performed hereunder, the Company shall pay Executive an annual base salary of Two Hundred Eighty Thirty Five Thousand Dollars, $280,000 235,000 per year (the “Base Salary”), payable in regular periodic payments in accordance with Company policy. Such salary shall be prorated for any partial year of employment on the basis of a 365-day fiscal year. In addition, Executive will be eligible for an incentive bonus of up to 25% of base salary, based upon defined milestones.

Appears in 1 contract

Samples: Employment Agreement (Maxim Pharmaceuticals Inc)

Compensation of Executive. 3.1 While employed by the Company, as compensation for proper and satisfactory performance of all duties to be performed hereunder, the Company shall pay Executive an annual base a salary of Two Hundred Eighty Thousand Dollars, $280,000 per year (the "Base Salary”)") of Three Hundred Thousand Dollars ($300,000) per year, payable in regular periodic payments in accordance with Company policy. Such salary shall be prorated for any partial year of employment on the basis of a 365-day fiscal year. In addition, Executive will be eligible for an incentive bonus of up to 25% of base salary, based upon defined milestones.

Appears in 1 contract

Samples: Employment Agreement (Corvas International Inc)

Compensation of Executive. 3.1 While employed by the Company, as compensation for proper and satisfactory performance of all duties to be performed hereunder, the Company shall pay Executive an annual base salary of Two One Hundred Eighty Five Thousand Dollars, $280,000 185,000 per year (the “Base Salary”), payable in regular periodic payments in accordance with Company policy. Such salary shall be prorated for any partial year of employment on the basis of a 365-day fiscal year. In addition, Executive will be eligible for an incentive bonus of up to 2520% of base salary, based upon defined milestones.

Appears in 1 contract

Samples: Employment Agreement (Maxim Pharmaceuticals Inc)

Compensation of Executive. 3.1 While employed by the Company, as compensation for proper and satisfactory performance of all duties to be performed hereunder, the Company shall pay Executive an annual base salary of Two Hundred Eighty Fifty Thousand Dollars, $280,000 250,000 per year (the “Base Salary”), payable in regular periodic payments in accordance with Company policy. Such salary shall be prorated for any partial year of employment on the basis of a 365-day fiscal year. In addition, Executive will be eligible for an incentive bonus of up to 25% of base salary, based upon defined milestones.

Appears in 1 contract

Samples: Employment Agreement (Maxim Pharmaceuticals Inc)

Compensation of Executive. 3.1 While employed by the Company, as compensation for proper and satisfactory performance of all duties to be performed hereunder, the Company shall pay Executive an annual base salary of Two One Hundred Eighty Twenty Five Thousand Dollars, $280,000 150,000 per year (the "Base Salary"), payable in regular periodic payments in accordance with Company policy. Such salary shall be prorated for any partial year of employment on the basis of a 365-day fiscal year. In addition, Executive will be eligible for an incentive bonus of up to 25% of base salarybonus, based upon defined milestones, during the agreement period.

Appears in 1 contract

Samples: Employment Agreement (Maxim Pharmaceuticals Inc)

Compensation of Executive. 3.1 While employed by the Company, as compensation for proper and satisfactory performance of all duties to be performed hereunder, the Company shall pay Executive an annual base a salary of Two Hundred Eighty Thousand Dollars, $280,000 per year (the "Base Salary”)") of $150,000 per year, payable in regular periodic payments in accordance with Company policy. Such salary shall be prorated for any partial year of employment on the basis of a 365-day fiscal year. In addition, Executive will be eligible for an incentive bonus of up to 25% of base salary, based upon defined milestones.

Appears in 1 contract

Samples: Employment Agreement (Corvas International Inc)

Compensation of Executive. 3.1 While employed by the Company, as compensation for proper and satisfactory performance of all duties to be performed hereunder, the Company shall pay Executive an annual base salary of Two Hundred Eighty Thirty Thousand Dollars, $280,000 230,000 per year (the "Base Salary"), payable in regular periodic payments in accordance with Company policy. Such salary shall be prorated for any partial year of employment on the basis of a 365-day fiscal year. In addition, Executive will be eligible for an incentive bonus of up to 2520% of base salary, based upon defined milestonesmilestone, during the agreement period.

Appears in 1 contract

Samples: Employment Agreement (Maxim Pharmaceuticals Inc)

Compensation of Executive. 3.1 A. While employed by the Company, as compensation for proper and satisfactory performance of all duties to be performed hereunder, the Company shall pay Executive an annual a base salary of Two Hundred Eighty Fifty Thousand Dollars, Dollars ($280,000 250,000.00) per year (the “Base Salary”)year, payable in regular periodic payments in accordance with Company policy. Such salary shall be prorated for any partial year of employment on the basis of a 365-day fiscal year. In addition, Executive will be eligible for an incentive bonus of up to 25% of base salary, based upon defined milestones.

Appears in 1 contract

Samples: Employment Agreement (Messagemedia Inc)

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Compensation of Executive. 3.1 4.1 While employed by the Company, as compensation for proper and satisfactory performance of all duties to be performed hereunder, the Company shall pay Executive an annual base salary of Two Hundred Eighty Thousand Dollars, $280,000 200,000 per year (the “Base Salary”), payable in regular periodic payments in accordance with Company policy. Such salary shall be prorated for any partial year of employment on the basis of a 365-day fiscal year. In addition, Executive will be eligible for an incentive bonus of up to 2520% of base salary, based upon defined milestones.

Appears in 1 contract

Samples: Employment Agreement (Maxim Pharmaceuticals Inc)

Compensation of Executive. 3.1 While employed by the Company, as compensation for proper and satisfactory performance of all duties to be performed hereunder, the Company shall pay Executive an annual base a salary of Two Hundred Eighty Thousand Dollars, $280,000 per year (the "Base Salary”)") of $200,000 per year, payable in regular periodic payments in accordance with Company policy. Such salary shall be prorated for any partial year of employment on the basis of a 365-day fiscal year. In addition, Executive will be eligible for an incentive bonus of up to 25% of base salary, based upon defined milestones.

Appears in 1 contract

Samples: Employment Agreement (Corvas International Inc)

Compensation of Executive. 3.1 4.1 While employed by the Company, as compensation for proper and satisfactory performance of all duties to be performed hereunder, the Company shall pay Executive an annual base salary of Two Hundred Eighty Seventy Five Thousand Dollars, $280,000 275,000 per year (the “Base Salary”), payable in regular periodic payments in accordance with Company policy. Such salary shall be prorated for any partial year of employment on the basis of a 365-day fiscal year. In addition, Executive will be eligible for an incentive bonus of up to 25% of base salary, based upon defined milestones.

Appears in 1 contract

Samples: Employment Agreement (Maxim Pharmaceuticals Inc)

Compensation of Executive. 3.1 While employed by the Company, as compensation for proper and satisfactory performance of all duties to be performed hereunder, the The Company shall will pay Executive an annual base a salary of Two Hundred Eighty Fifty Thousand Dollars, Dollars ($280,000 250,000.00) per year (the “"Base Salary"), payable in regular periodic payments in accordance with Company policy. Such salary shall will be prorated for any partial year of employment on the basis of a 365-day fiscal year. In addition, Executive will be eligible for an incentive bonus of up to 25% of base salary, based upon defined milestones.

Appears in 1 contract

Samples: Employment Agreement (Nz Corp)

Compensation of Executive. 3.1 While employed by the Company, as compensation for proper and satisfactory performance of all duties to be performed hereunder, the Company shall pay Executive an annual base salary of Two One Hundred Eighty Twenty Five Thousand Dollars, $280,000 125,000 per year (the "Base Salary"), payable in regular periodic payments in accordance with Company policy. Such salary shall be prorated for any partial year of employment on the basis of a 365-day fiscal year. In addition, Executive will be eligible for an incentive bonus of up to 25% of base salary, based upon defined milestones.

Appears in 1 contract

Samples: Employment Agreement (Maxim Pharmaceuticals Inc)

Compensation of Executive. 3.1 While employed by the Company, as compensation for proper and satisfactory performance of all duties to be performed hereunder, the Company shall pay Executive an annual base salary of Two Hundred Eighty Ten Thousand Dollars, $280,000 210,000 per year (the “Base Salary”), payable in regular periodic payments in accordance with Company policy. Such salary shall be prorated for any partial year of employment on the basis of a 365-day fiscal year. In addition, Executive will be eligible for an incentive bonus of up to 25% of base salary, based upon defined milestones.

Appears in 1 contract

Samples: Employment Agreement (Maxim Pharmaceuticals Inc)

Compensation of Executive. 3.1 While employed by During the Company, as compensation for proper and satisfactory performance of all duties to be performed hereunderTerm, the Company shall pay Executive an annual base a salary of Two Hundred Eighty Thousand Dollars, $280,000 per year (the "Base Salary”)") of three hundred ten thousand one hundred twenty eight dollars ($310,128) per year, payable in regular periodic payments in accordance with Company policy. Such salary shall be prorated for any partial year of employment on the basis of a 365-day fiscal year. In addition, Executive will be eligible for an incentive bonus of up to 25% of base salary, based upon defined milestones.

Appears in 1 contract

Samples: Employment Agreement (Genemedicine Inc)

Compensation of Executive. 3.1 While employed by the Company, as compensation for proper and satisfactory performance of all duties to be performed hereunder, the Company shall pay Executive an annual base a salary of Two Hundred Eighty Thousand Dollars, $280,000 per year (the "Base Salary”)") of $175,000 per year, payable in regular periodic payments in accordance with Company policy. Such salary shall be prorated for any partial year of employment on the basis of a 365-day fiscal year. In addition, Executive will be eligible for an incentive bonus of up to 25% of base salary, based upon defined milestones.

Appears in 1 contract

Samples: Employment Agreement (Corvas International Inc)

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