Common use of Incentive and Bonus Compensation Clause in Contracts

Incentive and Bonus Compensation. During the Term hereof, the Executive shall be entitled to participate in the Company’s annual cash incentive program in accordance with the terms thereof, as such program or terms may be modified or amended by the Company from time to time; provided, however, that nothing contained herein shall obligate the Company to continue such program or any particular terms of such program. The Executive’s target annual cash incentive bonus under the Company’s annual cash incentive program is 40% of his/her Base Salary, with the actual bonus, if any, to be determined by the Board or Committee in accordance with the terms of the annual cash incentive program then in effect. Such target may be modified by the Board or the Committee from time to time, in its sole discretion.

Appears in 1 contract

Samples: Executive Employment Agreement (Agenus Inc)

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Incentive and Bonus Compensation. During the Term hereof, the Executive shall be entitled to participate in the Company’s annual cash incentive program in accordance with the terms thereof, as such program or terms may be modified or amended by the Company from time to time; provided, however, that nothing contained herein shall obligate the Company to continue such program or any particular terms of such program. The Executive’s target annual cash incentive bonus under the Company’s annual cash incentive program is 4050% of his/her Base Salary, with the actual bonus, if any, to be determined by the Board or Committee in accordance with the terms of the annual cash incentive program then in effect. Such target may be modified by the Board or the Committee from time to time, in its sole discretion.

Appears in 1 contract

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

Incentive and Bonus Compensation. During the Term hereof, the Executive shall be entitled to participate in the Company’s annual cash incentive program in accordance with the terms thereof, as such program or terms may be modified or amended by the Company from time to time; provided, however, that nothing contained herein shall obligate the Company to continue such program or any particular terms of such program. The Executive’s target annual cash incentive bonus under the Company’s annual cash incentive program is 40% of his/her Base Salary, with the actual bonus, if any, to be determined by the Board or Committee in accordance with the terms of the annual cash incentive program then in effect. Such target may be modified by the Board or the Committee from time to time, in its sole discretion.

Appears in 1 contract

Samples: Executive Employment Agreement (Agenus Inc)

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Incentive and Bonus Compensation. During the Term hereof, the Executive shall be entitled to participate in the Company’s annual cash incentive program in accordance with the terms thereof, as such program or terms may be modified or amended by the Company from time to time; provided, however, that nothing contained herein shall obligate the Company to continue such program or any particular terms of such program. The Executive’s target annual cash incentive bonus under the Company’s annual cash incentive program is 4050% of his/her his Base Salary, with the actual bonus, if any, to be determined by the Board or Committee in accordance with the terms of the annual cash incentive program then in effect. Such target may be modified by the Board or the Committee from time to time, in its sole discretion.

Appears in 1 contract

Samples: Executive Employment Agreement (Agenus Inc)

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