On behalf of Amarin Corporation plc (the Company), I am pleased to confirm the terms of your continued employment with the Company, effective January 10, 2014. The purpose of this letter agreement is to set forth those terms of employment. This letter agreement (the Agreement) fully supersedes any prior agreements, understanding or arrangements, whether oral or written, implied or express, with respect to the terms and conditions of your employment with the Company including, without limitation, your employment agreement with the Company dated December 23, 2011, and any other employment agreement, offer letter or other agreement or understanding relating to compensation, benefits, severance pay or other terms or conditions of employment (collectively, the Prior Agreements), provided any agreement you have with the Company and/or any of its subsidiaries or affiliates related to confidentiality/nondisclosure, noncompetition, nonsolicitation, assignment of inventions and patents, any stoc
Bonus. You will be eligible to receive annual performance bonuses. The Company will target the Bonus of up to 65% of your annual salary rate. The actual bonus is discretionary and will be subject to the Companys assessment of your performance, as well as business conditions at the Company. The bonus also will be subject to your employment for the full period covered by the bonus, approval by and adjustment at the discretion of the Companys Board of Directors or an authorized committee thereof, and the terms of any applicable bonus plan. The Company may also make adjustments in the targeted amount of your annual performance bonus. Any bonus awarded to you will be paid by March 15 of the year following the bonus year to which such bonus relates.
Bonus from Employment Agreement
This Employment Agreement ("Agreement") is entered on November 30, 2007 (the "Execution Date") and is effective as of the closing of the Lehman/Woodside financing ("Effective Date") between National Investment Managers Inc. ("Company") and Steven J. Ross ("Executive").
Bonus. Executive shall be eligible to receive an incentive bonus during each fiscal year of the Term. The annual bonus shall be targeted at fifty percent (50%) of Executive's base salary based upon the achievement of certain targets to be determined by the Company's Board of Directors; provided, however, the annual bonus for the second year of the contract shall be targeted at sixty-five percent (65%) of Executive's base salary based upon the achievement of certain targets to be determined by the Company's Board of Directors. The Executive remains eligible for payment of the 2007 fiscal year bonus.
This letter sets forth the basic terms and conditions of your employment with Atheros. By signing this letter, you will be agreeing to these terms. It is important that you understand clearly both what your benefits are and what is expected of you by the Company.
Bonus. You will be eligible to participate in the Executive Bonus Plan. Your target annual bonus for the 2007 plan year will be 65% of your actual base earnings 40% tied to baseline targets, and 25% for achievement of stretch goals. You will be guaranteed a minimum of 30% (based upon actual earnings) of this bonus for plan year 2007. A copy of the plan will be provided upon hire.