Common use of Incentive Bonuses Clause in Contracts

Incentive Bonuses. The Employee shall be eligible to be considered for an annual incentive bonus with a target amount equal to 25% of his Base Compensation (the “Annual Target Bonus”). Such bonus (if any) shall be awarded based on objective or subjective criteria established in advance by the Board. The determinations of the Board with respect to such bonus shall be final and binding. Any incentive bonus for a fiscal year shall in no event be paid later than 21/2 months after the close of such fiscal year.

Appears in 3 contracts

Samples: Employment Agreement (Vanda Pharmaceuticals Inc.), Employment Agreement (Vanda Pharmaceuticals Inc.), Employment Agreement (Vanda Pharmaceuticals Inc.)

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Incentive Bonuses. The Employee shall be eligible to be considered for an annual incentive bonus with a target amount equal to 2550% of his Base Compensation (the “Annual Target Bonus”)Compensation. Such bonus (if any) shall be awarded based on objective or subjective criteria established in advance by the Company's Board of Directors (the "Board") or its Compensation Committee. The determinations of the Board or such Committee with respect to such bonus shall be final and binding. Any incentive bonus for a fiscal year shall in no event be paid later than 21/2 months after the close of such fiscal year.

Appears in 3 contracts

Samples: Employment Agreement (Hyperion Solutions Corp), Employment Agreement (Hyperion Solutions Corp), Employment Agreement (Hyperion Solutions Corp)

Incentive Bonuses. The Employee shall be eligible to be considered for an annual incentive bonus with a target amount equal to 25% of his Base Compensation (the "Annual Target Bonus"). Such bonus (if any) shall be awarded based on objective or subjective criteria established in advance by the Board. The determinations of the Board with respect to such bonus shall be final and binding. Any incentive bonus for a fiscal year shall in no event be paid later than 21/2 months after the close of such fiscal year.

Appears in 2 contracts

Samples: Employment Agreement (Vanda Pharmaceuticals Inc.), Employment Agreement (Vanda Pharmaceuticals Inc.)

Incentive Bonuses. The Employee shall be eligible to be considered for an annual incentive bonus with a target amount equal to 2540% of his Base Compensation (the “Annual Target Bonus”). Such bonus (if any) shall be awarded based on objective or subjective criteria established in advance by the Board. The determinations of the Board with respect to such bonus shall be final and binding. Any incentive bonus for a fiscal year shall in no event be paid later than 21/2 months after the close of such fiscal year.

Appears in 2 contracts

Samples: Employment Agreement (Vanda Pharmaceuticals Inc.), Employment Agreement (Vanda Pharmaceuticals Inc.)

Incentive Bonuses. The Employee shall be eligible to be considered for an annual incentive bonus with a target amount equal to 2528% of his Base Compensation (the "Annual Target Bonus"). Such bonus (if any) shall be awarded based on objective or subjective criteria established in advance by the Board. The determinations of the Board with respect to such bonus shall be final and binding. Any incentive bonus for a fiscal year shall in no event be paid later than 21/2 months after the close of such fiscal year.

Appears in 1 contract

Samples: Employment Agreement (Vanda Pharmaceuticals Inc.)

Incentive Bonuses. The Employee shall be eligible to be considered for an annual incentive bonus with a target amount equal to 25a maximum of 50% of his Base Compensation (the “Annual Target Bonus”)Compensation. Such bonus (if any) shall be awarded based on objective or subjective criteria established in advance by the BoardBoard Compensation Committee, approved by the Board and after such approval presented to Employee. The determinations of the Board with respect to such bonus shall be final and binding. Any incentive bonus for a fiscal year shall in no event be paid later than 21/2 months after the close of such fiscal year.

Appears in 1 contract

Samples: Employment Agreement (Planetout Inc)

Incentive Bonuses. The Employee shall be eligible to be considered for an annual incentive bonus with a target amount equal to 25% [15]% of his Base Compensation (the "Annual Target Bonus"). Such bonus (if any) shall be awarded based on objective or subjective criteria established in advance by the Board. The determinations of the Board with respect to such bonus shall be final and binding. Any incentive bonus for a fiscal year shall in no event be paid later than 21/2 months after the close of such fiscal year.

Appears in 1 contract

Samples: Employment Agreement (Vanda Pharmaceuticals Inc.)

Incentive Bonuses. The Employee shall be eligible to be considered for an annual incentive bonus with a target amount equal to 2540% of his Base Compensation (the "Annual Target Bonus"). Such bonus (if any) shall be awarded based on objective or subjective criteria established in advance by the Board. The determinations of the Board with respect to such bonus shall be final and binding. Any incentive bonus for a fiscal year shall in no event be paid later than 21/2 months after the close of such fiscal year.

Appears in 1 contract

Samples: Employment Agreement (Vanda Pharmaceuticals Inc.)

Incentive Bonuses. The Employee shall be eligible to be considered for an annual incentive bonus with a target amount equal to 2560.4% of his Base Compensation (the “Annual Target Bonus”)Compensation. Such bonus (if any) shall be awarded based on objective or subjective criteria established in advance by the Company's Board of Directors (the "Board") or its Compensation Committee. The determinations of the Board or such Committee with respect to such bonus shall be final and binding. Any incentive bonus for a fiscal year shall in no event be paid later than 21/2 months after the close of such fiscal year.

Appears in 1 contract

Samples: Employment Agreement (Hyperion Solutions Corp)

Incentive Bonuses. The Employee shall be eligible to be considered for an annual incentive bonus (the "Incentive Bonus") with a target amount equal to 25% of his Base Compensation (not less than $250,000 for the “Annual Target Bonus”)fiscal year ended December 31, 2000. Such bonus (if any) The Incentive Bonuses shall be awarded based on objective or subjective criteria established in advance by the BoardBoard or its Compensation Committee. The determinations of foregoing notwithstanding, the Board with respect to such bonus shall be final and binding. Any incentive bonus prorated Incentive Bonus for a fiscal the year ended December 31, 2000 shall in no event be paid later less than 21/2 months after the close of such fiscal year$150,000.

Appears in 1 contract

Samples: Employment Agreement (Mercury Interactive Corporation)

Incentive Bonuses. i) The Employee shall be eligible to be considered for an annual incentive bonus with a target amount equal to 25a minimum of 30% of his Base Compensation (the “Annual Target "Incentive Bonus"). Such bonus The Incentive Bonus (if any) shall be awarded based on objective or subjective criteria established in advance by the senior-most executive officer of the Company, and approved by the Board. The determinations of the Board with respect to such bonus the Incentive Bonus shall be final and binding. Any incentive bonus for a fiscal year shall in no event be paid later than 21/2 months after the close of such fiscal year.

Appears in 1 contract

Samples: Employment Agreement (Planetout Inc)

Incentive Bonuses. The Employee shall be eligible to be considered for an annual incentive bonus with a target amount equal to 2535% of his Base Compensation (the “Annual Target Bonus”)Compensation. Such bonus (if any) shall be awarded based on objective or subjective criteria established in advance by the Company's Board of Directors (the "Board") or its Compensation Committee. The determinations of the Board or such Committee with respect to such bonus shall be final and binding. Any incentive bonus for a fiscal year shall in no event be paid later than 21/2 months after the close of such fiscal year.

Appears in 1 contract

Samples: Employment Agreement (Hyperion Solutions Corp)

Incentive Bonuses. The Employee shall be eligible to be considered for an annual incentive bonus with a target amount equal to 25% of his her Base Compensation (the “Annual Target Bonus”). Such bonus (if any) shall be awarded based on objective or subjective criteria established in advance by the Board. The determinations of the Board with respect to such bonus shall be final and binding. Any incentive bonus for a fiscal year shall in no event be paid later than 21/2 months after the close of such fiscal year.

Appears in 1 contract

Samples: Employment Agreement (Vanda Pharmaceuticals Inc.)

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Incentive Bonuses. The Employee shall be eligible to be considered for an annual incentive bonus with a target amount equal to 2515% of his Base Compensation (the “Annual Target Bonus”). Such bonus (if any) shall be awarded based on objective or subjective criteria established in advance by the Board. The determinations of the Board with respect to such bonus shall be final and binding. Any incentive bonus for a fiscal year shall in no event be paid later than 21/2 2 1⁄2 months after the close of such fiscal year. Except as provided in Section 6, the Employee shall not be entitled to an incentive bonus if he is not employed by the Company on the date when such bonus is payable.

Appears in 1 contract

Samples: Employment Agreement (Vanda Pharmaceuticals Inc.)

Incentive Bonuses. The Employee shall be eligible to be considered for an annual incentive bonus with a target amount equal to 2534.3% of his Base Compensation (the “Annual Target Bonus”)Compensation. Such bonus (if any) shall be awarded based on objective or subjective criteria established in advance by the Company's Board of Directors (the "Board") or its Compensation Committee. The determinations of the Board or such Committee with respect to such bonus shall be final and binding. Any incentive bonus for a fiscal year shall in no event be paid later than 21/2 months after the close of such fiscal year.

Appears in 1 contract

Samples: Employment Agreement (Hyperion Solutions Corp)

Incentive Bonuses. The Employee shall be eligible to be considered for an annual incentive bonus with a target amount equal to 2575% of his Base Compensation (the “Annual Target Bonus”)Compensation. Such bonus (if any) shall be awarded based on objective or subjective criteria established in advance by the Company's Board of Directors (the "Board") or its Compensation Committee. Bonus will be payable up to a maximum of 150% of target. The determinations of the Board or such Committee with respect to such bonus shall be final and binding. Any incentive bonus for a fiscal year shall in no event be paid later than 21/2 months after the close of such fiscal year.

Appears in 1 contract

Samples: Employment Agreement (Hyperion Solutions Corp)

Incentive Bonuses. The Employee shall be eligible to be considered for an annual incentive bonus with a target amount equal to 25% of his Base Compensation (the “Annual Target Bonus”)Compensation. Such bonus (if any) shall be awarded based on objective or subjective criteria reasonably established in advance by agreement between the Employee and the Compensation Committee of the Board. The reasonable determinations of the Board with respect to such bonus shall be final and binding. Any incentive bonus for a fiscal year shall in no event be paid later than 21/2 months after the close of such fiscal year, subject to Section 10(g).

Appears in 1 contract

Samples: Stock Option Agreement (Micromuse Inc)

Incentive Bonuses. The Employee shall You will be eligible to be considered for an annual incentive bonus with a target amount equal to 25% each calendar year during the term of his Base Compensation (your employment under this Agreement based upon the “Annual Target Bonus”). Such bonus (if any) shall be awarded based on achievement of certain objective or subjective criteria established in advance by the Company’s Board of Directors (the “Board”) or any Compensation Committee of the Board. The target amount for any such annual incentive bonus will be up to 20% of your Base Salary. The determinations of the Board with respect to such bonus shall be final and binding. Any You shall not earn an incentive bonus for a fiscal year shall in no event be paid later than 21/2 months after unless you are employed by the close of Company on the date when such fiscal yearbonus is payable.

Appears in 1 contract

Samples: Employment Agreement (ACE Convergence Acquisition Corp.)

Incentive Bonuses. The Employee shall You will be eligible to be considered for an annual incentive bonus with a target amount equal to 25% each calendar year during the term of his Base Compensation (your employment under this Agreement based upon the “Annual Target Bonus”). Such bonus (if any) shall be awarded based on achievement of certain objective or subjective criteria established in advance by the Board or any Compensation Committee of the Board. The target amount for any such annual incentive bonus will be up to 30% of your Base Salary. The determinations of the Board with respect to such bonus shall be final and binding. Any You shall not earn an incentive bonus for a fiscal year shall in no event be paid later than 21/2 months after unless you are employed by the close of Company on the date when such fiscal yearbonus is paid.

Appears in 1 contract

Samples: Invention Assignment Agreement (Gores Holdings VI, Inc.)

Incentive Bonuses. The Employee shall be eligible to be considered for an annual incentive bonus with a target amount equal to 2540% of his Base Compensation (the “Annual Target Bonus”)Compensation. Such bonus (if any) shall be awarded based on objective or subjective criteria established in advance by the Company's Board of Directors (the "Board"). The determinations of the Board with respect to such bonus shall be final and binding. Any The foregoing notwithstanding, the incentive bonus for a fiscal year the period from July 1, 1998, to June 30, 1999, shall in no event be paid later less than 21/2 months after the close of such fiscal year$76,000.

Appears in 1 contract

Samples: Employment Agreement (Hyperion Solutions Corp)

Incentive Bonuses. The Employee shall be eligible to be considered for an annual incentive bonus with a target amount equal to 25% of his Base Compensation (the “Annual Target Bonus”)bonus. Such bonus (if any) shall be awarded based on objective or subjective criteria established in advance by the BoardCompany’s Board or its Compensation Committee. The determinations of the Board or its Compensation Committee with respect to such bonus shall be final and binding. Any incentive The bonus for a fiscal year (if any) shall in no event be paid later than 21/2 months within 60 days after the close of such fiscal year.

Appears in 1 contract

Samples: Employment Agreement (Multi Link Telecommunications Inc)

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