Performance Bonus. For each fiscal year during the Term, the Executive shall be eligible for a bonus opportunity under the Company’s performance incentive plan (the “Annual Bonus”), at a level as determined by the Board (or a committee thereof) in its sole discretion. The actual payout of the Annual Bonus will be determined based upon the extent to which the applicable performance goals established by the Company are satisfied. Such bonus, if any, shall be paid to the Executive no later than March 15th of the calendar year following the calendar year in which the bonus is earned.
Appears in 6 contracts
Sources: Employment Agreement (Ceres, Inc.), Employment Agreement (Ceres, Inc.), Employment Agreement (Ceres, Inc.)
Performance Bonus. For each fiscal year during the Term, the Executive shall be eligible for a to earn an annual performance bonus opportunity under based upon his or her performance and/or the Company’s performance incentive plan in an amount determined by the Company in its sole discretion (the “Annual Bonus”), at a level as determined by the Board (or a committee thereof) in its sole discretion. The actual payout of the Annual Bonus Any such annual performance bonus will be determined based upon the extent to which the applicable performance goals established paid in cash by the Company are satisfied. Such bonusin full, if anyless applicable tax and other authorized withholdings, shall be paid to the Executive by no later than March 15th of the calendar year following the calendar year in which the bonus is earnedservices were rendered, subject to continued employment through the payment date.
Appears in 6 contracts
Sources: Employment Agreement (B. Riley Financial, Inc.), Employment Agreement (B. Riley Financial, Inc.), Employment Agreement (B. Riley Financial, Inc.)
Performance Bonus. For each fiscal year during the Term, the Executive shall be eligible for a to earn an annual performance bonus opportunity under based upon his performance and/or the Company’s performance incentive plan (after Executive’s first anniversary with the “Annual Bonus”), at a level as determined by Company in accordance with the Board (or a committee thereof) in its sole discretionCompany’s Management Bonus Plan. The actual payout Executive’s target bonus shall be equal to not less than 100% of the Annual Bonus Executive’s Base Salary. Each annual performance bonus will be determined based upon the extent to which the applicable performance goals established paid by the Company are satisfied. Such bonusin full, if anyless applicable tax and other authorized withholdings, shall be paid to the Executive by no later than March 15th 30th of the calendar year following the calendar year in which the bonus is earnedservices were rendered.
Appears in 5 contracts
Sources: Employment Agreement (B. Riley Financial, Inc.), Employment Agreement (B. Riley Financial, Inc.), Employment Agreement (B. Riley Financial, Inc.)
Performance Bonus. For Executive will be eligible to receive a performance bonus during each fiscal calendar year of employment with the Company during the Term, with target equal to 100% of Executive’s then current Base Salary. (the Executive “Performance Bonus”). The award of each year’s Performance Bonus shall be eligible based upon performance criteria to be determined by the Compensation Committee and approved by the Board after consultation with Executive and paid within ninety (90) days of calendar year-end for a each subsequent calendar year, but subject, in any event, subject to the discretion of the Board and the terms of the applicable short-term bonus opportunity under the Company’s performance incentive plan (the “Annual BonusPerformance Criteria”), at a level as determined by the Board (or a committee thereof) in its sole discretion. The actual payout of the Annual Bonus will be determined based upon the extent to which the applicable performance goals established by the Company are satisfied. Such bonus, if any, shall be paid to the Executive no later than March 15th of the calendar year following the calendar year in which the bonus is earned.
Appears in 2 contracts
Sources: Employment Agreement (Celsius Holdings, Inc.), Employment Agreement (Celsius Holdings, Inc.)
Performance Bonus. For each fiscal year during the Term, the Executive shall be eligible for a have the opportunity to earn an annual performance bonus opportunity under in accordance with the Company’s performance incentive plan Performance Bonus Plan then in effect with a target amount of 50% of his Base Salary (the “Annual Target Bonus”); if the Company does not have a Performance Bonus Plan in effect at any given time during the term of this Agreement, at a level then the Company’s Compensation Committee or Board of Directors shall have discretion as determined by to determining the Board (or a committee thereof) in its sole discretionannual bonus compensation for Executive. The actual payout of the Annual Bonus bonuses will be determined based upon the extent to which the applicable performance goals established by the Company are satisfied. Such bonus, if any, shall be paid to the Executive no later than March 15th of the on calendar year following the calendar year in which the bonus is earnedyears.
Appears in 1 contract
Sources: Executive Employment Agreement (Applied BioSciences Corp.)
Performance Bonus. For each fiscal year during In addition to the TermBase Salary, the Executive shall be eligible for a an annual performance bonus opportunity under the Company’s performance incentive plan (the “Annual Performance Bonus”), at a level ) based on the satisfaction of certain performance metrics as determined by the Board (or a committee thereof) in its sole discretiondiscretion on an annual basis; provided that the performance metrics for 2023 are reflected on Schedule A attached hereto. The actual payout of the Annual Any Performance Bonus will be determined based upon the extent to which the applicable performance goals established earned by the Company are satisfied. Such bonus, if any, Executive shall be paid to the Executive no later than in a cash lump sum by March 15th 15 of the calendar year following the calendar year in for which the bonus is earned.
Appears in 1 contract
Performance Bonus. For each fiscal year during the Term, the Executive shall be eligible for a to earn an annual performance bonus, with the target amount of such bonus opportunity under the Companyequal to 35% of Executive’s performance incentive plan base salary, less standard deductions and withholdings (the “Annual Performance Bonus”), at a level . Executive’s Performance Bonus will be based on corporate and individual performance as determined by the Board (or a committee thereof) Company in its sole discretion. The actual payout of the Annual Bonus will Executive must be determined based upon the extent to which the applicable performance goals established employed by the Company are satisfiedon the date the Performance Bonus is paid in order to be eligible to earn any Performance Bonus. Such bonus, if any, shall Any Performance Bonus Executive earns will be paid to out in cash or stock in accordance with the Executive no later than March 15th of the calendar year following the calendar year in which the bonus is earnedCompany’s standard practice.
Appears in 1 contract
Sources: Employment Agreement (Xencor Inc)
Performance Bonus. For each fiscal year Executive shall have the opportunity to earn an annual performance bonus in accordance with the Company's Performance Bonus Plan then in effect with a target amount of 65% of his Base Salary (“Target Bonus”); if the Company does not have a Performance Bonus Plan in effect at any given time during the Termterm of this Agreement, the Executive shall be eligible for a bonus opportunity under then the Company’s performance incentive plan (Compensation Committee or Board of Directors shall have discretion as to determining the “annual bonus compensation for Executive. Annual Bonus”), at a level as determined by the Board (or a committee thereof) in its sole discretion. The actual payout of the Annual Bonus bonuses will be determined based upon the extent to which the applicable performance goals established by the Company are satisfied. Such bonus, if any, shall be paid to the Executive no later than March 15th of the on calendar year following the calendar year in which the bonus is earnedyears.
Appears in 1 contract
Sources: Executive Employment Agreement (GT Biopharma, Inc.)
Performance Bonus. For each fiscal year Executive shall have the opportunity to earn an annual performance bonus in accordance with the Company's Performance Bonus Plan then in effect with a target amount of 90% of his Base Salary (“Target Bonus”); if the Company does not have a Performance Bonus Plan in effect at any given time during the Termterm of this Agreement, the Executive shall be eligible for a bonus opportunity under then the Company’s performance incentive plan (Compensation Committee or Board of Directors shall have discretion as to determining the “annual bonus compensation for Executive. Annual Bonus”), at a level as determined by the Board (or a committee thereof) in its sole discretion. The actual payout of the Annual Bonus bonuses will be determined based upon the extent to which the applicable performance goals established by the Company are satisfied. Such bonus, if any, shall be paid to the Executive no later than March 15th of the on calendar year following the calendar year in which the bonus is earnedyears.
Appears in 1 contract
Sources: Executive Employment Agreement (GT Biopharma, Inc.)
Performance Bonus. For each fiscal year during Executive will be eligible to earn an annual performance bonus (“Performance Bonus”) in addition to his Base Salary. The amount of the TermExecutive’s Performance Bonus will be based on the meeting of certain annual Company performance objectives determined by the Board, the as detailed in Schedule A to this Agreement. Any Performance Bonus earned by Executive shall be eligible for a bonus opportunity under paid at the end of the Company’s performance incentive plan (the “Annual Bonus”), at a level as determined by the Board (or a committee thereof) in its sole discretionfiscal year. The actual payout of the Annual Company shall deduct from any Performance Bonus will be determined based upon the extent to which the applicable performance goals established by the Company are satisfied. Such bonus, if any, shall be paid to Executive the Executive no later than March 15th of the calendar year following the calendar year in which the bonus is earnedrequired federal, state and local withholding taxes, as well as any other authorized deductions.
Appears in 1 contract
Sources: Employment Agreement (Profit Planners Management, Inc.)
Performance Bonus. For each fiscal year during the Term, the Executive shall will be eligible for to receive a performance bonus opportunity under during each calendar year of employment with the Company, with a minimum target bonus equal to 50% of Executive’s performance incentive plan then current Base Salary. (the “Annual Performance Bonus”), at a level as . The award of each year’s Performance Bonus shall be based upon performance criteria to be determined by the Compensation Committee and approved by the Board after consultation with Executive and within thirty (30) days of calendar year-end for each subsequent calendar year, but subject, in any event, subject to the discretion of the Board (or a committee thereof) in its sole discretion. The actual payout of the Annual Bonus will be determined based upon the extent to which the applicable performance goals established by the Company are satisfied. Such bonus, if any, shall be paid to the Executive no later than March 15th of the calendar year following the calendar year in which the bonus is earned“Performance Criteria”).
Appears in 1 contract
Performance Bonus. For each fiscal year during the Term, the Executive shall be eligible for a to earn an annual performance bonus, with the target amount of such bonus opportunity under the Companyequal to 35% of Executive’s performance incentive plan base salary, less standard deductions and withholdings (the “Annual Performance Bonus”), at a level as such Performance Bonus may be adjusted from time to time by the Board. Executive’s Performance Bonus will be based on corporate and individual performance as determined by the Board (or a committee thereof) Company in its sole discretion. The actual payout of the Annual Bonus will Executive must be determined based upon the extent to which the applicable performance goals established employed by the Company are satisfiedon the date the Performance Bonus is paid in order to be eligible to earn any Performance Bonus. Such bonus, if any, shall Any Performance Bonus Executive earns will be paid to out in cash or stock in accordance with the Executive no later than March 15th of the calendar year following the calendar year in which the bonus is earnedCompany’s standard practice.
Appears in 1 contract
Sources: Employment Agreement (Xencor Inc)