Common use of Performance Incentive Clause in Contracts

Performance Incentive. Employee will be eligible annually, subject to annual approval by the compensation committee of the board of directors of Employer, for a performance incentive of cash and equity awards, generally targeting a range around 100% of Employee’s Salary during the year for which the Performance Incentive is paid (with a general range of 50% to 150%). The Performance Incentive is subject to certain criteria (as further described below) and will be prorated for any partial year of employment with this benefit. The Performance Incentive consists of a cash bonus opportunity and an equity incentive opportunity, generally split between cash and equity compensation at a ratio of one-third cash and two-thirds equity. Payment of this Performance Incentive is dependent (a) first upon Employer performance (success, profitability, and other metrics) within the ranges approved by Employer’s board of directors; (b) second, performance of the departments and personnel you are responsible for supervising, in accordance with the budget, metrics and strategic objectives that may be established by Employer and/or the board of directors from time to time; and (c) third, upon your individual performance. As with all executive compensation, Performance Incentives are subject to modification by the compensation committee of the board of directors as determined appropriate each year in connection with their duties to review executive compensation. For the sake of clarity, Performance Incentives might not be paid in years where Employer does not achieve its performance goals within the parameters established by the board of directors.

Performance Incentive. Employee will be eligible annually, subject to annual approval by the compensation committee of the board of directors of Employer, for a performance incentive of cash and equity awards, generally targeting a range around 10080% of Employee’s Salary during the year for which the Performance Incentive is paid (with a general range of 5065% to 15095%). The Performance Incentive is subject to certain criteria (as further described below) and will be prorated for any partial year of employment with this benefit. The Performance Incentive consists of a cash bonus opportunity and an equity incentive opportunity, generally split between cash and equity compensation at a ratio of one-third cash and two-thirds equity. Payment of this Performance Incentive is dependent (a) first upon Employer performance (success, profitability, and other metrics) within the ranges approved by Employer’s board of directors; (b) second, performance of the departments and personnel you are responsible for supervising, in accordance with the budget, metrics and strategic objectives that may be established by Employer and/or the board of directors from time to time; and (c) third, upon your individual performance. As with all executive compensation, Performance Incentives are subject to modification by the compensation committee of the board of directors as determined appropriate each year in connection with their duties to review executive compensation. For the sake of clarity, Performance Incentives might not be paid in years where Employer does not achieve its performance goals within the parameters established by the board of directors.