BBIO definition
Examples of BBIO in a sentence
The exact composition of this BBIO Group within Bruker could change from time to time in the future.
Should the Employee exceed various elements of the annual BBIO Group business plan, then the target bonus elements can increase linearly, and are presently not capped.
A competitor of the BBIO Group is narrowly defined as any for profit company or entity which manufactures, designs, markets, consults on or sells any types of magnetic resonance- (MR), superconducting magnet-, computer aided tomography- (CT), positron-emission tomography- (PET) or optical imaging- (OI) instrumentation for use in biology, chemistry, physics or materials research, or for pre-clinical imaging (everything except human in vivo imaging) applications that the BBIO Group represents.
The Employee will coordinate strategic or major decisions within the BBIO Group also with ▇▇▇▇ ▇▇▇▇▇▇▇, the Executive Chairman of the BBIO Group.
The annual quantitative goals to be achieved will be set either by the Bruker CEO or the Bruker Board of Directors Compensation Committee, based upon the annual business plan for the BBIO Group.
The employee will be employed by the Company and appointed by Bruker as of the effective date in an executive position as Group President of the BBIO Group.
For the period starting on the Effective Date and until 31st December 2015, the Employee shall be entitled to a pro-rated share of the full Target Bonus in cash, regardless of to what extent the goals of the BBIO Group are achieved in 2015.
The terms of such re-acquisition shall be subject to the mutual agreement of the Board and BBIO, and BBIO will be required to invest in such programs upon reversion to the extent determined by the Board of Directors of BBIO (in its sole discretion) at the time of the re-acquisition.
The annual financial goals to be achieved will be set either by the Bruker CEO or the Bruker Board of Directors’ Compensation Committee, based upon the annual business plan for the BBIO Group.
In the event that the Board and BBIO, each acting reasonably and in good faith, are unable to reach mutual agreement on the terms of such re-acquisition within thirty (30) days, the Reversion Rights shall cease to apply to such In-Scope Program.