Common use of During Employment Clause in Contracts

During Employment. Executive shall be eligible to earn an annual performance bonus (the “Annual Bonus”) with an annual target of 35% (the “Target Percentage”) of Executive’s then-current Base Salary (the “Target Bonus”). The Annual Bonus will be based upon the assessment by the Company’s Board of Directors (the “Board”) or a committee thereof of Executive’s performance and the Company’s attainment of targeted goals (as set by the Company and confirmed by the Board in its reasonable good faith discretion) over the applicable calendar year. The Annual Bonus, if any, will be subject to applicable payroll deductions and withholdings. No amount of any Annual Bonus is guaranteed at any time, and, except as otherwise stated in Sections 6.2(a)(iii) or 6.3(a)(iii), Executive must be an employee in good standing through the date the Annual Bonus is paid to be eligible to receive an Annual Bonus. No partial or prorated bonuses will be provided. Subject to Section 6.3(b) related to payments upon certain terminations of employment, any Annual Bonus, if earned, will be paid at the same time annual bonuses are generally paid to other similarly-situated employees of the Company. Executive’s eligibility for an Annual Bonus is subject to change in the discretion of the Board (or any authorized committee thereof).

Appears in 3 contracts

Samples: Employment Agreement (Prevail Therapeutics Inc.), Employment Agreement (Prevail Therapeutics Inc.), Release Agreement (Prevail Therapeutics Inc.)

AutoNDA by SimpleDocs

During Employment. Executive shall be eligible to earn receive an annual performance bonus (the “Annual Bonus”) with an annual target of 35up to 40% (the “Target Percentage”) of Executive’s then-current Base Salary (the “Target Bonus”). The Annual Bonus will be based upon the assessment by of the Company’s Board of Directors of the Company (the “Board”) (or a committee thereof thereof) of Executive’s performance and the Company’s attainment of targeted goals (as set by the Company and confirmed established by the Board or a committee thereof in its reasonable good faith sole discretion) over the applicable calendar year. The Annual Bonus, if any, will be subject to applicable payroll deductions and withholdings. No amount of any Annual Bonus is guaranteed at any time, and, except as otherwise stated in Sections 6.2(a)(iii) or 6.3(a)(iii), Executive must be an employee in good standing through the date the Annual Bonus is paid to be eligible to receive an Annual Bonus. No Bonus and no partial or prorated bonuses will be provided. Subject to Unless otherwise stated in Section 6.3(b) related to payments upon certain terminations of employment6, any Annual Bonus, if earnedawarded, will be paid at the same time annual bonuses are generally paid to other similarly-situated employees of the Company. Executive’s eligibility for an Annual Bonus is subject to change in the discretion of the Board (or any authorized committee thereof).

Appears in 3 contracts

Samples: Employment Agreement (GX Acquisition Corp.), Employment Agreement (GX Acquisition Corp.), Employment Agreement (GX Acquisition Corp.)

During Employment. Executive shall be eligible to earn receive an annual performance bonus (the “Annual Bonus”) with an annual a target of 35% forty percent (the “Target Percentage”40%) of Executive’s then-current Base Salary (the “Target Bonus”). The Annual Bonus will be based upon the assessment by of the Company’s Board board of Directors directors of the Parent (or a committee thereof) (the “Board”) or a committee thereof of Executive’s performance and the Company’s attainment of targeted goals (as set by the Company and confirmed established by the Board or a committee thereof in its reasonable good faith sole discretion) over the applicable calendar yearyear with, if applicable, input from the individual or body to whom Executive reports. The Annual Bonus, if any, will be subject to applicable payroll deductions and withholdings. No amount of any Annual Bonus is guaranteed at any time, andand any Annual Bonus awarded may be greater or smaller than the Target Bonus amount. Further, except as otherwise stated in Sections 6.2(a)(iii) or 6.3(a)(iiiSection 6.3(a)(i), Executive must be an employee in good standing through the date the Annual Bonus is paid to be eligible to receive an Annual Bonus. No Bonus and no partial or prorated bonuses will be provided. Subject to Unless otherwise stated in Section 6.3(b) related to payments upon certain terminations of employment6, any Annual Bonus, if earnedawarded, will be paid at the same time annual bonuses are generally paid to other similarly-similarly situated employees of the Company. Executive’s eligibility for an Annual Bonus is subject to change in the discretion of the Board (or any authorized committee thereof).

Appears in 2 contracts

Samples: Employment Agreement (Biote Corp.), Employment Agreement (Biote Corp.)

During Employment. Executive shall be eligible to earn receive an annual performance bonus (the “Annual Bonus”) with an annual target of 35up to 25% (the “Target Percentage”) of Executive’s then-current Base Salary (the “Target Bonus”). The Annual Bonus will be based upon the assessment by of the Company’s Board of Directors of the Company (the “Board”) (or a committee thereof thereof) of Executive’s performance and the Company’s attainment of targeted goals (as set by the Company and confirmed established by the Board or a committee thereof in its reasonable good faith sole discretion) over the applicable calendar year. The Annual Bonus, if any, will be subject to applicable payroll deductions and withholdings. No amount of any Annual Bonus is guaranteed at any time, and, except as otherwise stated in Sections 6.2(a)(iii) or 6.3(a)(iii), Executive must be an employee in good standing through the date the Annual Bonus is paid to be eligible to receive an Annual Bonus. No Bonus and no partial or prorated bonuses will be provided. Subject to Unless otherwise stated in Section 6.3(b) related to payments upon certain terminations of employment6, any Annual Bonus, if earnedawarded, will be paid at the same time annual bonuses are generally paid to other similarly-situated employees of the Company. Executive’s eligibility for an Annual Bonus is subject to change in the discretion of the Board (or any authorized committee thereof).

Appears in 2 contracts

Samples: Employment Agreement (GX Acquisition Corp.), Employment Agreement (GX Acquisition Corp.)

AutoNDA by SimpleDocs

During Employment. Executive shall be eligible to earn an annual performance bonus (the “Annual Bonus”) with an annual target of 3540% (the “Target Percentage”) of Executive’s then-current Base Salary (the “Target Bonus”)Salary. The Annual Bonus will be based upon the assessment by the Company’s Board of Directors of the Company (the “Board”) or a committee thereof of Executive’s performance and the Company’s attainment of targeted goals (as set by the Company and confirmed by the Board in its reasonable good faith discretion) over the applicable calendar year. The Annual Bonus, if any, will be subject to applicable payroll deductions and withholdings. No amount of any Annual Bonus is guaranteed at any time, and, except as otherwise stated in Sections 6.2(a)(iii) or 6.3(a)(iii), Executive must be an employee in good standing through the date the Annual Bonus is paid to be eligible to receive an Annual Bonus, except as set forth in Section 6.1(a). No partial or prorated bonuses will be provided. Subject to Section 6.3(b) related to payments upon certain terminations of employment, any Annual Bonus, if earned, will be paid at the same time annual bonuses are generally paid to other similarly-situated employees of the Company. Executive’s eligibility for an Annual Bonus is subject to change in the discretion of the Board (or any authorized committee thereof).

Appears in 1 contract

Samples: Employment Agreement (BICYCLE THERAPEUTICS PLC)

During Employment. Executive shall be eligible to earn an annual performance bonus (the “Annual Bonus”) with an annual target of 35% (the “Target Percentage”) of Executive’s then-current Base Salary (the “Target Bonus”)Salary. The Annual Bonus will be based upon the assessment by the Company’s Board of Directors of the Company (the “Board”) or a committee thereof of Executive’s performance and the Company’s attainment of targeted goals (as set by the Company and confirmed by the Board in its reasonable good faith discretion) over the applicable calendar year. The Annual Bonus, if any, will be subject to applicable payroll deductions and withholdings. No amount of any Annual Bonus is guaranteed at any time, and, except as otherwise stated in Sections 6.2(a)(iii) or 6.3(a)(iii), Executive must be an employee in good standing through the date the Annual Bonus is paid to be eligible to receive an Annual Bonus, except as set forth in Section 6.1(a). No partial or prorated bonuses will be provided. Subject to Section 6.3(b) related to payments upon certain terminations of employment, any Annual Bonus, if earned, will be paid at the same time annual bonuses are generally paid to other similarly-situated employees of the Company. Executive’s eligibility for an Annual Bonus is subject to change in the discretion of the Board (or any authorized committee thereof).

Appears in 1 contract

Samples: Employment Agreement (BICYCLE THERAPEUTICS PLC)

Time is Money Join Law Insider Premium to draft better contracts faster.