Common use of Incentive Compensation Clause in Contracts

Incentive Compensation. During the Term, Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Committee, in its sole discretion, from time to time. For the Company’s 2017 fiscal year, Executive’s target annual incentive compensation shall be 45% of Executive’s Base Salary, and will be awarded based on the objective and/or subjective criteria established and approved by the Board or the Committee, as applicable. The Board or Committee shall have the sole discretion to determine whether Executive has earned any bonus and, if so, the amount of such bonus.

Appears in 6 contracts

Samples: Employment Agreement (Forescout Technologies, Inc), Employment Agreement (Forescout Technologies, Inc), Employment Agreement (Forescout Technologies, Inc)

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Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Committee, in its sole discretion, Compensation Committee from time to time. For the Company’s 2017 fiscal year, The Executive’s initial target annual incentive compensation shall be 45% 40 percent of Executive’s his Base SalarySalary (the “Target Annual Incentive Compensation”). Except as otherwise provided herein, and will to earn incentive compensation, the Executive must be awarded based employed by the Company on the objective and/or subjective criteria established and approved by the Board or the Committee, as applicable. The Board or Committee shall have the sole discretion to determine whether Executive has earned any bonus and, if so, the amount of day such bonusincentive compensation is paid.

Appears in 6 contracts

Samples: Employment Agreement (Xeris Pharmaceuticals Inc), Employment Agreement, Employment Agreement (Xeris Pharmaceuticals Inc)

Incentive Compensation. During the Term, The Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Committee, in its sole discretion, Compensation Committee from time to time. For the Company’s 2017 fiscal year, The Executive’s target annual incentive compensation shall be forty five percent (45% %) of Executive’s their Base Salary, and will although any the actual incentive compensation amount shall be awarded based discretionary. To earn incentive compensation, the Executive must be employed by the Company on the objective and/or subjective criteria established and approved by the Board or the Committee, as applicable. The Board or Committee shall have the sole discretion to determine whether Executive has earned any bonus and, if so, the amount of day such bonusincentive compensation is paid.

Appears in 6 contracts

Samples: Employment Agreement (Bluebird Bio, Inc.), Employment Agreement (Bluebird Bio, Inc.), Employment Agreement (Bluebird Bio, Inc.)

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by and in the sole discretion of the Board or the Committee, in its sole discretion, Compensation Committee from time to time. For the Company’s 2017 fiscal year, The Executive’s target annual incentive compensation shall be 4540% of the Executive’s Base Salary, and will as may be awarded redetermined from time to time (the “Target Incentive Compensation”), with any incentive compensation for the year in which employment commences to be prorated based on the objective and/or subjective criteria established and approved Effective Date. To earn incentive compensation, the Executive must be employed by the Board or Company on the Committee, as applicable. The Board or Committee shall have the sole discretion to determine whether Executive has earned any bonus and, if so, the amount of day such bonusincentive compensation is paid.

Appears in 5 contracts

Samples: Employment Agreement (Magenta Therapeutics, Inc.), Employment Agreement (Magenta Therapeutics, Inc.), Employment Agreement (Magenta Therapeutics, Inc.)

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Committee, in its sole discretion, Compensation Committee from time to time. For the Company’s 2017 fiscal year, The Executive’s target annual incentive compensation shall be 45% 35 percent (35%) of Executive’s his Base Salary. To earn incentive compensation, and will the Executive must be awarded based employed by the Company on the objective and/or subjective criteria established and approved by the Board or the Committee, as applicable. The Board or Committee shall have the sole discretion to determine whether Executive has earned any bonus and, if so, the amount of day such bonusincentive compensation is paid.

Appears in 4 contracts

Samples: Employment Agreement, Employment Agreement (rEVO Biologics, Inc.), Employment Agreement (Bluebird Bio, Inc.)

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Committee, in its sole discretion, Compensation Committee from time to time. For the Company’s 2017 fiscal year, The Executive’s target annual incentive compensation shall be 45% 35 percent of Executive’s Base Salary. The target annual incentive compensation in effect at any given time is referred to herein as “Target Annual Cash Incentive Compensation.” To earn incentive compensation, and will the Executive must be awarded based employed by the Company on the objective and/or subjective criteria established and approved by the Board or the Committee, as applicable. The Board or Committee shall have the sole discretion to determine whether Executive has earned any bonus and, if so, the amount of day such bonusincentive compensation is paid.

Appears in 4 contracts

Samples: Employment Agreement (Deciphera Pharmaceuticals, Inc.), Employment Agreement (Deciphera Pharmaceuticals, Inc.), Employment Agreement (Deciphera Pharmaceuticals, Inc.)

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Committee, in its sole discretion, designated committee thereof from time to time. For the Company’s 2017 fiscal year, The Executive’s initial target annual incentive compensation shall be 45% 110 percent of his Base Salary. Cash incentive compensation will be paid to the Executive in quarterly installments no later than sixty (60) days after the end of each relevant calendar quarter, subject to the Executive’s Base Salary, and will be awarded based on the objective and/or subjective criteria established and approved continued employment by the Board or Company through the Committee, as applicable. The Board or Committee shall have the sole discretion to determine whether Executive has earned any bonus and, if so, the amount end of such bonuscalendar quarter.

Appears in 4 contracts

Samples: Employment Agreement (Trade Desk, Inc.), Employment Agreement (Trade Desk, Inc.), Employment Agreement (Trade Desk, Inc.)

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Committee, in its sole discretion, Compensation Committee from time to time. For the Company’s 2017 fiscal year, The Executive’s target annual incentive compensation shall be 4540% of Executive’s the Base SalarySalary (the “Target Bonus”). Except as otherwise provided herein, and will to earn incentive compensation, the Executive must be awarded based employed by the Company on the objective and/or subjective criteria established and approved by the Board or the Committee, as applicable. The Board or Committee shall have the sole discretion to determine whether Executive has earned any bonus and, if so, the amount of day such bonusincentive compensation is paid.

Appears in 4 contracts

Samples: Employment Agreement (Gemini Therapeutics, Inc. /DE), Employment Agreement (Gemini Therapeutics, Inc. /DE), Employment Agreement (Gemini Therapeutics, Inc. /DE)

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Committee, in its sole discretion, Compensation Committee from time to time. For the Company’s 2017 fiscal year, The Executive’s target annual incentive compensation shall be 4540% of Executive’s his/her Base Salary. To earn incentive compensation, and will the Executive must be awarded based employed by the Company on the objective and/or subjective criteria established and approved by the Board or the Committee, as applicable. The Board or Committee shall have the sole discretion to determine whether Executive has earned any bonus and, if so, the amount of day such bonusincentive compensation is paid.

Appears in 4 contracts

Samples: Employment Agreement (Cogent Biosciences, Inc.), Employment Agreement (Cogent Biosciences, Inc.), Employment Agreement (Cogent Biosciences, Inc.)

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Committee, in its sole discretion, Compensation Committee from time to time. For the Company’s 2017 fiscal year, The Executive’s target annual incentive compensation shall be 45% thirty-five percent (35%) of Executive’s his Base Salary. To earn incentive compensation, and will the Executive must be awarded based employed by the Company on the objective and/or subjective criteria established and approved by the Board or the Committee, as applicable. The Board or Committee shall have the sole discretion to determine whether Executive has earned any bonus and, if so, the amount of day such bonusincentive compensation is paid.

Appears in 4 contracts

Samples: Employment Agreement, Employment Agreement (Bluebird Bio, Inc.), Employment Agreement (Bluebird Bio, Inc.)

Incentive Compensation. During the Term, The Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Committee, in its sole discretion, Company’s Compensation Committee from time to time. For the Company’s 2017 fiscal year, The Executive’s target annual incentive compensation shall be 45% Forty Percent (40%) of Executive’s his Base Salary, and will the actual bonus amount shall be awarded based determined by the Company’s Compensation Committee. The target annual incentive compensation in effect at any given time is referred to herein as “Target Bonus.” The Target Bonus may be redetermined by the Company’s Compensation Committee, after consultation with the CEO. To be eligible for incentive compensation, the Executive must be employed by the Company on the objective and/or subjective criteria established and approved by the Board or the Committee, as applicable. The Board or Committee shall have the sole discretion to determine whether Executive has earned any bonus and, if so, the amount of day such bonusincentive compensation is paid.

Appears in 3 contracts

Samples: Employment Agreement, Employment Agreement (Vericel Corp), Employment Agreement (Vericel Corp)

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Committee, in its sole discretion, Compensation Committee from time to time. For the Company’s 2017 fiscal year, The Executive’s target annual incentive compensation shall be 45% 35 percent of Executive’s his Base Salary. To earn incentive compensation, and will the Executive must be awarded based employed by the Company on the objective and/or subjective criteria established and approved by the Board or the Committee, as applicable. The Board or Committee shall have the sole discretion to determine whether Executive has earned any bonus and, if so, the amount of day such bonusincentive compensation is paid.

Appears in 3 contracts

Samples: Employment Agreement (Unum Therapeutics Inc.), Employment Agreement (Unum Therapeutics, Inc.), Employment Agreement (Unum Therapeutics, Inc.)

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Committee, in its sole discretion, Compensation Committee from time to time. For the Company’s 2017 fiscal year, The Executive’s initial target annual incentive compensation shall be 4540% percent of Executive’s her Base SalarySalary (the “Target Annual Incentive Compensation”). To earn incentive compensation, and will the Executive must be awarded based employed by the Company on the objective and/or subjective criteria established and approved by the Board or the Committee, as applicable. The Board or Committee shall have the sole discretion to determine whether Executive has earned any bonus and, if so, the amount of day such bonusincentive compensation is paid.

Appears in 3 contracts

Samples: Employment Agreement, Employment Agreement (resTORbio, Inc.), Employment Agreement (resTORbio, Inc.)

Incentive Compensation. During the Term, The Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Committee, in its sole discretion, Compensation Committee from time to time. For the Company’s 2017 fiscal year, The Executive’s initial target annual incentive compensation shall be 45% 40 percent of the Executive’s Base Salary. The target annual incentive compensation in effect at any given time is referred to herein as “Target Bonus.” The actual amount of the Executive’s annual incentive compensation, and will if any, shall be awarded based on determined in the objective and/or subjective criteria established and approved by sole discretion of the Board or the Compensation Committee, as applicablesubject to the terms of any applicable incentive compensation plan that may be in effect from time to time. The Board or Committee shall have the sole discretion to determine whether Executive has earned any bonus and, if soTo earn incentive compensation, the amount of Executive must be employed by the Company on the day such bonusincentive compensation is paid.

Appears in 3 contracts

Samples: Employment Agreement (iTeos Therapeutics, Inc.), Employment Agreement (iTeos Therapeutics, Inc.), Employment Agreement (iTeos Therapeutics, Inc.)

Incentive Compensation. During the Term, The Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Committee, in its sole discretion, Compensation Committee from time to time. For the Company’s 2017 fiscal year, The Executive’s target annual incentive compensation shall be forty five percent (45% %) of Executive’s his Base Salary, and will although any the actual incentive compensation amount shall be awarded based discretionary. To earn incentive compensation, the Executive must be employed by the Company on the objective and/or subjective criteria established and approved by the Board or the Committee, as applicable. The Board or Committee shall have the sole discretion to determine whether Executive has earned any bonus and, if so, the amount of day such bonusincentive compensation is paid.

Appears in 3 contracts

Samples: Employment Agreement (Bluebird Bio, Inc.), Employment Agreement (Bluebird Bio, Inc.), Employment Agreement (Bluebird Bio, Inc.)

Incentive Compensation. During the Term, The Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Committee, in its sole discretion, Compensation Committee from time to time. For the Company’s 2017 fiscal year, The Executive’s 's target annual incentive compensation bonus shall be 45% 35 percent of Executive’s his Base Salary, and will be awarded based on the objective and/or subjective criteria established and approved by the Board or the Committee, as applicable. The Board or Committee shall have the sole discretion to determine whether Executive has earned any bonus and, if so, the amount of such bonus.

Appears in 3 contracts

Samples: Employment Agreement (Danvers Bancorp, Inc.), Employment Agreement (Danvers Bancorp, Inc.), Employment Agreement (Danvers Bancorp, Inc.)

Incentive Compensation. During the Term, the Executive shall be eligible to receive annual cash incentive compensation as determined by the Board or the Committee, in its sole discretion, Compensation Committee from time to time. For the Company’s 2017 fiscal year, The Executive’s initial target annual incentive compensation shall be 45up to 50% of Executive’s his Base SalarySalary and tied to Company performance targets as determined by the Compensation Committee. To earn incentive compensation, and will the Executive must be awarded based employed by the Company on the objective and/or subjective criteria established and approved by the Board or the Committee, as applicable. The Board or Committee shall have the sole discretion to determine whether Executive has earned any bonus and, if so, the amount of day such bonusincentive compensation is paid.

Appears in 3 contracts

Samples: Employment Agreement (Aware Inc /Ma/), Employment Agreement (Aware Inc /Ma/), Employment Agreement (Aware Inc /Ma/)

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Committee, in its sole discretion, Compensation Committee from time to time. For the Company’s 2017 fiscal year, The Executive’s target annual incentive compensation shall be 45% 35 percent of Executive’s his Base Salary. To earn incentive compensation, and will the Executive must be awarded based employed by the Company on the objective and/or subjective criteria established and approved by last day of the Board or the Committee, as applicable. The Board or Committee shall have the sole discretion to determine whether Executive has earned any bonus and, if so, the amount of period on which such bonusincentive compensation is measured.

Appears in 3 contracts

Samples: Employment Agreement (Brightcove Inc), Employment Agreement (Brightcove Inc), Employment Agreement (Brightcove Inc)

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Committee, in its sole discretion, Compensation Committee from time to time. For the Company’s 2017 fiscal year, The Executive’s initial target annual incentive compensation shall be 45% 35 percent of Executive’s his Base Salary. Except as otherwise provided herein, and will to earn incentive compensation, the Executive must be awarded based employed by the Company on the objective and/or subjective criteria established and approved by the Board or the Committee, as applicable. The Board or Committee shall have the sole discretion to determine whether Executive has earned any bonus and, if so, the amount of day such bonusincentive compensation is paid.

Appears in 3 contracts

Samples: Employment Agreement (Neos Therapeutics, Inc.), Employment Agreement (Neos Therapeutics, Inc.), Employment Agreement (Neos Therapeutics, Inc.)

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Committee, Compensation Committee in its their sole discretion, discretion from time to time. For the Company’s 2017 fiscal year, The Executive’s target annual incentive compensation shall be 4540% percent of Executive’s the Base SalarySalary (the “Target Bonus”). Except as otherwise provided herein, and will to earn incentive compensation, the Executive must be awarded based employed by the Company on the objective and/or subjective criteria established and approved by the Board or the Committee, as applicable. The Board or Committee shall have the sole discretion to determine whether Executive has earned any bonus and, if so, the amount of day such bonusincentive compensation is paid.

Appears in 3 contracts

Samples: Employment Agreement (Axcella Health Inc.), Employment Agreement (Axcella Health Inc.), Employment Agreement (Axcella Health Inc.)

Incentive Compensation. During the Term, The Executive shall be eligible to receive cash incentive compensation as determined by the Board or CEO in consultation with the Committee, in its sole discretion, Company’s Compensation Committee from time to time. For the Company’s 2017 fiscal year, The Executive’s target annual incentive compensation shall be 45% thirty percent (30%) of Executive’s her Base Salary. To be eligible for an incentive compensation payment, and will the Executive must be awarded based employed by the Company on the objective and/or subjective criteria established and approved by the Board or the Committee, as applicable. The Board or Committee shall have the sole discretion to determine whether Executive has earned any bonus and, if so, the amount of day such bonusincentive compensation is paid.

Appears in 2 contracts

Samples: Employment Agreement (Aastrom Biosciences Inc), Employment Agreement (Aastrom Biosciences Inc)

Incentive Compensation. During the Term, The Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Committee, in its sole discretion, Company from time to time. For the Company’s 2017 fiscal year, The Executive’s target annual incentive compensation shall be 45% thirty five percent (35%) of Executive’s his Base SalarySalary with the actual amount to be determined by the Company in its discretion. To be eligible for an incentive compensation payment, and will the Executive must be awarded based employed by the Company on the objective and/or subjective criteria established and approved by the Board or the Committee, as applicable. The Board or Committee shall have the sole discretion to determine whether Executive has earned any bonus and, if so, the amount of day such bonusincentive compensation is paid.

Appears in 2 contracts

Samples: Employment Agreement (Aastrom Biosciences Inc), Employment Agreement (Aastrom Biosciences Inc)

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Committee, in its sole discretion, Compensation Committee from time to time. For As of the Company’s 2017 fiscal yearEffective Date, the Executive’s target annual incentive compensation shall be 45% of Executive’s Base Salarytargeted at $300,000. To earn incentive compensation, and will the Executive must be awarded based employed by the Company on the objective and/or subjective criteria established and approved by the Board or the Committee, as applicable. The Board or Committee shall have the sole discretion to determine whether Executive has earned any bonus and, if so, the amount of day such bonusincentive compensation is paid.

Appears in 2 contracts

Samples: Employment Agreement (Hortonworks, Inc.), Employment Agreement (Hortonworks, Inc.)

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Committee, in its sole discretion, Compensation Committee from time to time. For the Company’s 2017 fiscal year, The Executive’s initial target annual incentive compensation shall be 45% [ ] percent of Executive’s his or her Base Salary. Except as otherwise provided herein, and will to earn incentive compensation, the Executive must be awarded based employed by the Company on the objective and/or subjective criteria established and approved by the Board or the Committee, as applicable. The Board or Committee shall have the sole discretion to determine whether Executive has earned any bonus and, if so, the amount of day such bonusincentive compensation is paid.

Appears in 2 contracts

Samples: Employment Agreement, Employment Agreement (Intellia Therapeutics, Inc.)

Incentive Compensation. During the Term, The Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Committee, in its sole discretion, Compensation Committee from time to time. For the Company’s 2017 fiscal year, The Executive’s initial target annual incentive compensation shall be 45% eighty-five (85%) percent of the Executive’s Base SalarySalary (the “Target Bonus”). The actual amount of the Executive’s annual incentive compensation, and will if any, shall be awarded based on determined in the objective and/or subjective criteria established and approved by sole discretion of the Board or the Compensation Committee. Except as otherwise provided herein, as applicable. The Board or Committee shall have the sole discretion to determine whether Executive has earned any bonus and, if soearn incentive compensation, the amount of Executive must be employed by the Company on the day such bonusincentive compensation is paid.

Appears in 2 contracts

Samples: Employment Agreement (MeridianLink, Inc.), Employment Agreement (Project Angel Parent, LLC)

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Committee, in its sole discretion, Compensation Committee from time to time. For the Company’s 2017 fiscal year, The Executive’s initial target annual incentive compensation shall be 45% 40 percent of Executive’s her Base SalarySalary (the “Target Annual Incentive Compensation”). Except as otherwise provided herein, and will to earn incentive compensation, the Executive must be awarded based employed by the Company on the objective and/or subjective criteria established and approved by the Board or the Committee, as applicable. The Board or Committee shall have the sole discretion to determine whether Executive has earned any bonus and, if so, the amount of day such bonusincentive compensation is paid.

Appears in 2 contracts

Samples: Employment Agreement (Xeris Pharmaceuticals Inc), Employment Agreement (Xeris Pharmaceuticals Inc)

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Committee, in its sole discretion, Compensation Committee from time to time. For the Company’s 2017 fiscal year, The Executive’s target annual incentive compensation shall be 45% 50 percent (50%) of Executive’s his Base Salary. To earn incentive compensation, and will the Executive must be awarded based employed by the Company on the objective and/or subjective criteria established and approved by the Board or the Committee, as applicable. The Board or Committee shall have the sole discretion to determine whether Executive has earned any bonus and, if so, the amount of day such bonusincentive compensation is paid.

Appears in 2 contracts

Samples: Employment Agreement (rEVO Biologics, Inc.), Employment Agreement (Bluebird Bio, Inc.)

Incentive Compensation. During the Term, The Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Committee, in its sole discretion, Compensation Committee from time to time. For the Company’s 2017 fiscal year, The Executive’s initial target annual incentive compensation shall be 45% seventy-five percent (75%) of the Executive’s Base SalarySalary (the “Target Bonus”). The actual amount of the Executive’s annual incentive compensation, and will if any, shall be awarded based on determined in the objective and/or subjective criteria established and approved by sole discretion of the Board or the Compensation Committee. Except as otherwise provided herein, as applicable. The Board or Committee shall have the sole discretion to determine whether Executive has earned any bonus and, if soearn incentive compensation, the amount of Executive must be employed by the Company on the day such bonusincentive compensation is paid.

Appears in 2 contracts

Samples: Employment Agreement (MeridianLink, Inc.), Employment Agreement (MeridianLink, Inc.)

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Committee, in its sole discretion, Compensation Committee from time to time. For the Company’s 2017 fiscal year, The Executive’s target annual incentive compensation shall be 45% 65 percent (65%) of Executive’s his Base Salary. To earn any incentive compensation, and will the Executive must be awarded based employed by the Company on the objective and/or subjective criteria established and approved by the Board or the Committee, as applicable. The Board or Committee shall have the sole discretion to determine whether Executive has earned any bonus and, if so, the amount of day such bonusincentive compensation is paid.

Appears in 2 contracts

Samples: Employment Agreement (2seventy Bio, Inc.), Employment Agreement (2seventy Bio, Inc.)

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Committee, in its sole discretion, Compensation Committee from time to time. For the Company’s 2017 fiscal year, The Executive’s initial target annual incentive compensation shall be 45% 50 percent of Executive’s his Base SalarySalary (the “Target Annual Incentive Compensation”). Except as otherwise provided herein, and will to earn incentive compensation, the Executive must be awarded based employed by the Company on the objective and/or subjective criteria established and approved by the Board or the Committee, as applicable. The Board or Committee shall have the sole discretion to determine whether Executive has earned any bonus and, if so, the amount of day such bonusincentive compensation is paid.

Appears in 2 contracts

Samples: Employment Agreement (scPharmaceuticals Inc.), Employment Agreement (scPharmaceuticals Inc.)

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Committee, in its sole discretion, Compensation Committee from time to time. For the Company’s 2017 fiscal year, The Executive’s initial target annual incentive compensation shall be 45% 40 percent of Executive’s his Base Salary, Salary (the “Target Bonus”) and will be awarded based on the objective and/or subjective criteria established and approved predetermined metrics as determined by the Board or the Compensation Committee. Except as otherwise provided herein, as applicable. The Board or Committee shall have the sole discretion to determine whether Executive has earned any bonus and, if soearn incentive compensation, the amount of Executive must be employed by the Company on the day such bonusincentive compensation is paid.

Appears in 2 contracts

Samples: Employment Agreement (Karuna Therapeutics, Inc.), Employment Agreement (Karuna Therapeutics, Inc.)

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Committee, in its sole discretion, Compensation Committee from time to time. For the Company’s 2017 fiscal year, The Executive’s initial target annual incentive compensation shall be 45% twenty percent (20%) of Executive’s his Base SalarySalary (the “Target Annual Incentive Compensation”). Except as otherwise provided herein, and will to earn incentive compensation, the Executive must be awarded based employed by the Company on the objective and/or subjective criteria established and approved by the Board or the Committee, as applicable. The Board or Committee shall have the sole discretion to determine whether Executive has earned any bonus and, if so, the amount of day such bonusincentive compensation is paid.

Appears in 2 contracts

Samples: Employment Agreement (Aerpio Pharmaceuticals, Inc.), Employment Agreement (Aerpio Pharmaceuticals, Inc.)

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Committee, in its sole discretion, Compensation Committee from time to time. For the Company’s 2017 fiscal year, The Executive’s target annual incentive compensation shall be 45% 40 percent of Executive’s his Base SalarySalary (the “Target Bonus”). Except as otherwise provided herein, and will to earn incentive compensation, the Executive must be awarded based employed by the Company on the objective and/or subjective criteria established and approved by the Board or the Committee, as applicable. The Board or Committee shall have the sole discretion to determine whether Executive has earned any bonus and, if so, the amount of day such bonusincentive compensation is paid.

Appears in 2 contracts

Samples: Employment Agreement (Axcella Health Inc.), Employment Agreement (Axcella Health Inc.)

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Committee, in its sole discretion, Compensation Committee from time to time. For the Company’s 2017 fiscal year, The Executive’s target annual incentive compensation shall be 4540% of Executive’s her Base Salary. To earn incentive compensation, and will the Executive must be awarded based employed by the Company on the objective and/or subjective criteria established and approved by the Board or the Committee, as applicable. The Board or Committee shall have the sole discretion to determine whether Executive has earned any bonus and, if so, the amount of day such bonusincentive compensation is paid.

Appears in 2 contracts

Samples: Employment Agreement (Cogent Biosciences, Inc.), Employment Agreement (Unum Therapeutics Inc.)

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Committee, in its sole discretion, Compensation Committee from time to time, prior to December 31, 2016 taking into account recommendations by the Current CEO. For the Company’s 2017 fiscal year, The Executive’s target annual cash incentive compensation shall be 45100% percent of Executive’s his Base Salary, and will with such amount to be awarded pro-rated for the fiscal year ending December 31, 2016 based on the objective and/or subjective criteria established and approved portion of such period following the Commencement Date. To earn incentive compensation, the Executive must be employed by the Board or Company on the Committee, as applicable. The Board or Committee shall have the sole discretion to determine whether Executive has earned any bonus and, if so, the amount of day such bonusincentive compensation is paid.

Appears in 2 contracts

Samples: Employment Agreement, Employment Agreement (Ansys Inc)

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Committee, in its sole discretion, Compensation Committee from time to time. For the Company’s 2017 fiscal year, The Executive’s initial target annual incentive compensation shall be 45% forty percent (40%) of Executive’s his Base SalarySalary (as in effect at any time, and will the “Target Annual Incentive Compensation”). To earn incentive compensation, the Executive must be awarded based employed by the Company on the objective and/or subjective criteria established and approved by the Board or the Committee, as applicable. The Board or Committee shall have the sole discretion to determine whether Executive has earned any bonus and, if so, the amount of day such bonusincentive compensation is paid.

Appears in 2 contracts

Samples: Employment Agreement, Employment Agreement (AVROBIO, Inc.)

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Committee, in its sole discretion, Compensation Committee from time to time. For the Company’s 2017 fiscal year, The Executive’s target annual incentive compensation for calendar year 2019 and each calendar year thereafter shall be 45% 40 percent of Executive’s his Base Salary. Except as otherwise provided herein, and will to earn incentive compensation, the Executive must be awarded based employed by the Company on the objective and/or subjective criteria established and approved by the Board or the Committee, as applicable. The Board or Committee shall have the sole discretion to determine whether Executive has earned any bonus and, if so, the amount of day such bonusincentive compensation is paid.

Appears in 2 contracts

Samples: Employment Agreement (Neos Therapeutics, Inc.), Employment Agreement (Neos Therapeutics, Inc.)

Incentive Compensation. During the Term, The Executive shall be is eligible to receive cash annual incentive compensation compensation, to be paid on an annual basis, as determined by the Board or the Committee, Compensation Committee from time to time in its sole discretion, accordance with the Company’s Amended and Restated Senior Executive Incentive Bonus Plan or any subsequent plan in effect from time to time. For the Company’s 2017 fiscal year, The Executive’s initial target annual incentive compensation shall be 4550% of the Executive’s Base Salary, and will . Any such incentive compensation shall be awarded based on paid no later than March 15 of the objective and/or subjective criteria established and approved by year following the Board or the Committee, as applicable. The Board or Committee shall have the sole discretion year to determine whether Executive has earned any bonus and, if so, the amount of which such bonuscompensation relates.

Appears in 2 contracts

Samples: Employment Agreement (Fate Therapeutics Inc), Employment Agreement (Fate Therapeutics Inc)

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Committee, in its sole discretion, Compensation Committee from time to time. For the Company’s 2017 fiscal year, The Executive’s target annual incentive compensation shall be 4540% of Executive’s the Base SalarySalary (the “Target Bonus”), and will for 2021, the cash incentive bonus shall be awarded based pro-rated from the Effective Date. Except as otherwise provided herein, to earn incentive compensation, the Executive must be employed by the Company on the objective and/or subjective criteria established and approved by the Board or the Committee, as applicable. The Board or Committee shall have the sole discretion to determine whether Executive has earned any bonus and, if so, the amount of day such bonusincentive compensation is paid.

Appears in 2 contracts

Samples: Employment Agreement (Gemini Therapeutics, Inc. /DE), Employment Agreement (Gemini Therapeutics, Inc. /DE)

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Committee, in its sole discretion, Compensation Committee from time to time. For the Company’s 2017 fiscal year, The Executive’s target management-based-on-objectives annual incentive compensation (“MBO”) shall be 45% fifty percent (50%) percent of Executive’s his Base Salary. To earn incentive compensation, and will the Executive must be awarded based employed by the Company on the objective and/or subjective criteria established and approved by last day of the Board or the Committee, as applicable. The Board or Committee shall have the sole discretion to determine whether Executive has earned any bonus and, if so, the amount of period on which such bonusincentive compensation is measured.

Appears in 2 contracts

Samples: Employment Agreement, Employment Agreement (Brightcove Inc)

Incentive Compensation. During the Term, The Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Committee, in its sole discretion, Compensation Committee from time to time. For the Company’s 2017 fiscal year, The Executive’s initial target annual incentive compensation shall be 45% sixty (60%) percent of the Executive’s Base SalarySalary (the “Target Bonus”). The actual amount of the Executive’s annual incentive compensation, and will if any, shall be awarded based on determined in the objective and/or subjective criteria established and approved by sole discretion of the Board or the Compensation Committee, subject to the terms of any applicable incentive compensation plan that may be in effect from time to time. Except as applicable. The Board or Committee shall have the sole discretion otherwise provided herein, to determine whether Executive has earned any bonus and, if soearn incentive compensation, the amount of Executive must be employed by the Company on the day such bonusincentive compensation is paid.

Appears in 2 contracts

Samples: Employment Agreement (Dynatrace, Inc.), Employment Agreement (Dynatrace Holdings LLC)

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Committee, in its sole discretion, Compensation Committee from time to time. For the Company’s 2017 fiscal year, The Executive’s target annual incentive compensation shall be 45% 30 percent (30%) of Executive’s his Base Salary. To earn incentive compensation, and will the Executive must be awarded based employed by the Company on the objective and/or subjective criteria established and approved by the Board or the Committee, as applicable. The Board or Committee shall have the sole discretion to determine whether Executive has earned any bonus and, if so, the amount of day such bonusincentive compensation is paid.

Appears in 2 contracts

Samples: Employment Agreement (rEVO Biologics, Inc.), Employment Agreement (rEVO Biologics, Inc.)

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Committee, in its sole discretion, Compensation Committee from time to time. For the Company’s 2017 fiscal year, The Executive’s target annual incentive compensation shall be 45% 40 percent of Executive’s his Base Salary, and will be awarded based on the objective and/or subjective criteria established and approved by the Board or the Committee, as applicable. The Board or Committee shall have the sole discretion to determine whether Executive has earned any bonus and, if so, the amount of such bonus.

Appears in 2 contracts

Samples: Employment Agreement (HOOKIPA Pharma Inc.), Employment Agreement (HOOKIPA Pharma Inc.)

Incentive Compensation. During the Term, The Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Committee, in its sole discretion, Compensation Committee from time to time. For the Company’s 2017 fiscal year, The Executive’s target annual incentive compensation shall be 45 percent (45% %) of Executive’s his Base Salary, and will although any the actual incentive compensation amount shall be awarded based discretionary. To earn any incentive compensation, the Executive must be employed by the Company on the objective and/or subjective criteria established and approved by the Board or the Committee, as applicable. The Board or Committee shall have the sole discretion to determine whether Executive has earned any bonus and, if so, the amount of day such bonusincentive compensation is paid.

Appears in 2 contracts

Samples: Employment Agreement (2seventy Bio, Inc.), Employment Agreement (2seventy Bio, Inc.)

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Committee, in its sole discretion, Compensation Committee from time to time. For the Company’s 2017 fiscal year, The Executive’s initial target annual incentive compensation shall be 45$260,000 which is equivalent to 69.3% of the Executive’s Base SalarySalary (the “Target Bonus”). The actual amount of the Executive’s annual incentive compensation, and will if any, shall be awarded based on determined in the objective and/or subjective criteria established and approved by sole discretion of the Board or the Compensation Committee, subject to the terms of any applicable incentive compensation plan that may be in effect from time to time. Except as applicable. The Board or Committee shall have the sole discretion otherwise provided herein, to determine whether Executive has earned any bonus and, if soearn incentive compensation, the amount of Executive must be employed by the Company on the day such bonus.incentive compensation is paid. (c)

Appears in 2 contracts

Samples: Employment Agreement (Phreesia, Inc.), Employment Agreement (Phreesia, Inc.)

Incentive Compensation. During the Term, The Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Committee, in its sole discretion, Compensation Committee from time to time. For the Company’s 2017 fiscal year, The Executive’s initial target annual incentive compensation shall be 45% 40 percent of the Executive’s Base SalarySalary (the “Target Annual Incentive Compensation”). Except as otherwise provided herein, and will to earn incentive compensation, the Executive must be awarded based employed by the Company on the objective and/or subjective criteria established and approved by the Board or the Committee, as applicable. The Board or Committee shall have the sole discretion to determine whether Executive has earned any bonus and, if so, the amount of day such bonusincentive compensation is paid.

Appears in 2 contracts

Samples: Employment Agreement (Xeris Biopharma Holdings, Inc.), Employment Agreement (Xeris Biopharma Holdings, Inc.)

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Committee, in its sole discretion, Compensation Committee from time to time. For the Company’s 2017 fiscal year, The Executive’s target annual incentive compensation shall be 45 percent (45% %) of Executive’s his Base Salary. To earn any incentive compensation, and will the Executive must be awarded based employed by the Company on the objective and/or subjective criteria established and approved by the Board or the Committee, as applicable. The Board or Committee shall have the sole discretion to determine whether Executive has earned any bonus and, if so, the amount of day such bonusincentive compensation is paid.

Appears in 2 contracts

Samples: Employment Agreement (2seventy Bio, Inc.), Employment Agreement (2seventy Bio, Inc.)

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Committee, in its sole discretion, Compensation Committee from time to time. For the Company’s 2017 fiscal year, The Executive’s target annual incentive compensation shall be 4540% percent of Executive’s the Base SalarySalary (the “Target Bonus”). Except as otherwise provided herein, and will to earn incentive compensation, the Executive must be awarded based employed by the Company on the objective and/or subjective criteria established and approved by the Board or the Committee, as applicable. The Board or Committee shall have the sole discretion to determine whether Executive has earned any bonus and, if so, the amount of day such bonusincentive compensation is paid.

Appears in 2 contracts

Samples: Employment Agreement (Axcella Health Inc.), Employment Agreement (Axcella Health Inc.)

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Committee, in its sole discretion, Compensation Committee from time to time. For the Company’s 2017 fiscal year, The Executive’s target annual incentive compensation shall be 45% 30 percent (30%) of Executive’s his Base Salary. Incentive compensation for 2014 shall be prorated in accordance with total base salary earned through December 31, and will 2014. To earn incentive compensation, the Executive must be awarded based employed by the Company on the objective and/or subjective criteria established and approved by the Board or the Committee, as applicable. The Board or Committee shall have the sole discretion to determine whether Executive has earned any bonus and, if so, the amount of day such bonusincentive compensation is paid.

Appears in 1 contract

Samples: Employment Agreement (rEVO Biologics, Inc.)

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by and in the sole discretion of the Board or the Committee, in its sole discretion, Compensation Committee from time to time. For the Company’s 2017 fiscal year, The Executive’s target annual incentive compensation shall be 4540% of Executive’s his or her Base Salary, and will as may be awarded based redetermined from time to time (the “Target Incentive Compensation”). To earn incentive compensation, the Executive must be employed by the Company on the objective and/or subjective criteria established and approved by the Board or the Committee, as applicable. The Board or Committee shall have the sole discretion to determine whether Executive has earned any bonus and, if so, the amount of day such bonusincentive compensation is paid.

Appears in 1 contract

Samples: Employment Agreement (Magenta Therapeutics, Inc.)

Incentive Compensation. During the Term, The Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Committee, in its sole discretion, Compensation Committee from time to time. For the Company’s 2017 fiscal year, The Executive’s target annual incentive compensation shall be forty-five (45% %) of Executive’s his Base Salary, and will although any the actual incentive compensation amount shall be awarded based discretionary. To earn incentive compensation, the Executive must be employed by the Company on the objective and/or subjective criteria established and approved by the Board or the Committee, as applicable. The Board or Committee shall have the sole discretion to determine whether Executive has earned any bonus and, if so, the amount of day such bonusincentive compensation is paid.

Appears in 1 contract

Samples: Employment Agreement (Bluebird Bio, Inc.)

Incentive Compensation. During the Term, The Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Committee, in its sole discretion, Compensation Committee from time to time. For the Company’s 2017 fiscal year, The Executive’s target annual incentive compensation shall be 45% 40 percent of Executive’s his Base Salary. To earn incentive compensation, and will the Executive must be awarded based employed by the Company on the objective and/or subjective criteria established and approved by the Board or the Committee, as applicable. The Board or Committee shall have the sole discretion to determine whether Executive has earned any bonus and, if so, the amount of day such bonusincentive compensation is paid.

Appears in 1 contract

Samples: Employment Agreement (Advanced Cell Technology, Inc.)

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Committee, in its sole discretion, Compensation Committee from time to time. For the Company’s 2017 fiscal year, The Executive’s target annual incentive compensation shall be 4550% of the Executive’s Base Salarybase salary. To earn incentive compensation, and will the Executive must be awarded based employed by the Company on the objective and/or subjective criteria established and approved by the Board or the Committee, as applicable. The Board or Committee shall have the sole discretion to determine whether Executive has earned any bonus and, if so, the amount of day such bonusincentive compensation is paid.

Appears in 1 contract

Samples: Employment Agreement (Myomo Inc)

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Committee, in its sole discretion, Compensation Committee from time to time. For the Company’s 2017 fiscal year, The Executive’s initial target annual incentive compensation shall be 45% [ ] percent of Executive’s his Base SalarySalary (the “Target Annual Incentive Compensation”). Except as otherwise provided herein, and will to earn incentive compensation, the Executive must be awarded based employed by the Company on the objective and/or subjective criteria established and approved by the Board or the Committee, as applicable. The Board or Committee shall have the sole discretion to determine whether Executive has earned any bonus and, if so, the amount of day such bonusincentive compensation is paid.

Appears in 1 contract

Samples: Employment Agreement (Aerpio Pharmaceuticals, Inc.)

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Committee, in its sole discretion, Compensation Committee from time to time. For the Company’s 2017 fiscal year, The Executive’s target annual incentive compensation shall be 45% at least 40 percent of his Base Salary based on full-time employment and may be increased by the Compensation Committee from time to time, including during the Term. The Executive’s Base Salarytarget annual incentive compensation in effect at any given time is referred to herein as “Target Bonus.” Except as otherwise provided herein, and will to earn incentive compensation, the Executive must be awarded based employed by the Company on the objective and/or subjective criteria established and approved by the Board or the Committee, as applicable. The Board or Committee shall have the sole discretion to determine whether Executive has earned any bonus and, if so, the amount of day such bonusincentive compensation is paid.

Appears in 1 contract

Samples: Employment Agreement (American Farmland Co)

Incentive Compensation. During the Term, the Executive shall be eligible to receive annual cash incentive compensation as determined by the Board or the Committee, in its sole discretion, Compensation Committee from time to time. For the Company’s 2017 fiscal year, The Executive’s initial target annual incentive compensation shall be 45% of Executive’s Base Salaryup to $100,000 and tied to Company performance targets as determined by the Compensation Committee. To earn incentive compensation, and will the Executive must be awarded based employed by the Company on the objective and/or subjective criteria established and approved by the Board or the Committee, as applicable. The Board or Committee shall have the sole discretion to determine whether Executive has earned any bonus and, if so, the amount of day such bonusincentive compensation is paid.

Appears in 1 contract

Samples: Employment Agreement (Aware Inc /Ma/)

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Committee, in its sole discretion, Compensation Committee from time to time. For the Company’s 2017 fiscal year, The Executive’s initial target annual incentive compensation shall be 45% thirty-five percent (35%) of Executive’s his Base SalarySalary (as in effect at any time, and will the “Target Annual Incentive Compensation”). Except as otherwise provided herein, to earn incentive compensation, the Executive must be awarded based employed by the Company on the objective and/or subjective criteria established and approved by the Board or the Committee, as applicable. The Board or Committee shall have the sole discretion to determine whether Executive has earned any bonus and, if so, the amount of day such bonusincentive compensation is paid.

Appears in 1 contract

Samples: Employment Agreement (AVROBIO, Inc.)

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Committee, in its sole discretion, Compensation Committee from time to time. For the Company’s 2017 fiscal year, The Executive’s initial target annual incentive compensation shall be 45% [ ] percent of Executive’s his or her Base SalarySalary (the “Target Bonus”). Except as otherwise provided herein, and will to earn incentive compensation, the Executive must be awarded based employed by the Company on the objective and/or subjective criteria established and approved by last day of the Board or incentive compensation performance period. Annual incentive compensation shall be paid to the Committee, as applicable. The Board or Committee shall have Executive no later than March 15 of the sole discretion to determine whether Executive has earned any bonus and, if so, year following the amount of such bonusyear in which it is earned.

Appears in 1 contract

Samples: Employment Agreement (Intellia Therapeutics, Inc.)

Incentive Compensation. During the Term, the Executive shall be eligible to receive annual cash incentive compensation as determined by the Board or the Committee, in its sole discretion, Compensation Committee from time to time. For the Company’s 2017 fiscal year, The Executive’s initial target annual incentive compensation shall be 45up to 40% of Executive’s his Base SalarySalary and tied to Company performance targets as determined by the Compensation Committee. To earn incentive compensation, and will the Executive must be awarded based employed by the Company on the objective and/or subjective criteria established and approved by the Board or the Committee, as applicable. The Board or Committee shall have the sole discretion to determine whether Executive has earned any bonus and, if so, the amount of day such bonusincentive compensation is paid.

Appears in 1 contract

Samples: Employment Agreement (Aware Inc /Ma/)

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Committee, in its sole discretion, Compensation Committee from time to time. For the Company’s 2017 fiscal year, The Executive’s initial target annual incentive compensation shall be 45% 30 percent of the Executive’s Base SalarySalary (the “Target Annual Incentive Compensation”). To earn any incentive compensation, and will the Executive must be awarded based employed by the Company on the objective and/or subjective criteria established and approved by the Board or the Committee, as applicable. The Board or Committee shall have the sole discretion to determine whether Executive has earned any bonus and, if so, the amount of day such bonusincentive compensation is paid.

Appears in 1 contract

Samples: Employment Agreement (scPharmaceuticals Inc.)

Incentive Compensation. During the Term, the Executive shall will be eligible to receive be considered for annual cash incentive compensation as determined by the Board of Directors or the Committee, in its sole discretion, Compensation Committee from time to time. For the Company’s 2017 fiscal year, The Executive’s initial annual target annual bonus will be $70,000. To earn incentive compensation, the Executive must be employed by the Company on the day such incentive compensation shall be 45% of Executive’s Base Salary, and will be awarded based on the objective and/or subjective criteria established and approved by the Board or the Committee, as applicable. The Board or Committee shall have the sole discretion to determine whether Executive has earned any bonus and, if so, the amount of such bonusis paid.

Appears in 1 contract

Samples: Executive Agreement (Eloqua, Inc.)

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Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Committee, in its sole discretion, Compensation Committee from time to time. For the Company’s 2017 fiscal year, The Executive’s initial target annual incentive compensation shall be 45$260,000 which is equivalent to 69.3% of the Executive’s Base SalarySalary (the “Target Bonus”) and effective for FY 2022. The actual amount of the Executive’s annual incentive compensation, and will if any, shall be awarded based on determined in the objective and/or subjective criteria established and approved by sole discretion of the Board or the Compensation Committee, subject to the terms of any applicable incentive compensation plan that may be in effect from time to time. Except as applicable. The Board or Committee shall have the sole discretion otherwise provided herein, to determine whether Executive has earned any bonus and, if soearn incentive compensation, the amount of Executive must be employed by the Company on the day such bonusincentive compensation is paid.

Appears in 1 contract

Samples: Second Amended And (Phreesia, Inc.)

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Committee, in its sole discretion, Compensation Committee from time to time. For the Company’s 2017 fiscal year, The Executive’s initial target annual incentive compensation shall be 45$515,000 which is equivalent to 100% of the Executive’s Base SalarySalary (the “Target Bonus”). The actual amount of the Executive’s annual incentive compensation, and will if any, shall be awarded based on determined in the objective and/or subjective criteria established and approved by sole discretion of the Board or the Compensation Committee, subject to the terms of any applicable incentive compensation plan that may be in effect from time to time. Except as applicable. The Board or Committee shall have the sole discretion otherwise provided herein, to determine whether Executive has earned any bonus and, if soearn incentive compensation, the amount of Executive must be employed by the Company on the day such bonus.incentive compensation is paid. (c)

Appears in 1 contract

Samples: Employment Agreement (Phreesia, Inc.)

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Committee, in its sole discretion, Compensation Committee from time to time. For the Company’s 2017 fiscal year, The Executive’s initial target annual incentive compensation shall be 45$225,000 which is equivalent to 69.3% of the Executive’s Base SalarySalary (the “Target Bonus”). The actual amount of the Executive’s annual incentive compensation, and will if any, shall be awarded based on determined in the objective and/or subjective criteria established and approved by sole discretion of the Board or the Compensation Committee, subject to the terms of any applicable incentive compensation plan that may be in effect from time to time. Except as applicable. The Board or Committee shall have the sole discretion otherwise provided herein, to determine whether Executive has earned any bonus and, if soearn incentive compensation, the amount of Executive must be employed by the Company on the day such bonusincentive compensation is paid.

Appears in 1 contract

Samples: Amended And (Phreesia, Inc.)

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Committee, in its sole discretion, Compensation Committee from time to time. For the Company’s 2017 fiscal year, The Executive’s target annual incentive compensation shall be 45% thirty percent (30%) of Executive’s his Base SalarySalary (the “Target Incentive Compensation”). To earn incentive compensation, and will the Executive must be awarded based employed by the Company on the objective and/or subjective criteria established and approved by the Board or the Committee, as applicable. The Board or Committee shall have the sole discretion to determine whether Executive has earned any bonus and, if so, the amount of day such bonusincentive compensation is paid.

Appears in 1 contract

Samples: Employment Agreement (Blueprint Medicines Corp)

Incentive Compensation. During the Term, the Executive shall be eligible to receive annual cash incentive compensation as determined by the Board or the Committee, in its sole discretion, Compensation Committee from time to time. For the Company’s 2017 fiscal year, The Executive’s initial target annual incentive compensation shall be 45% up to fifty percent (50%) of Executive’s his Base SalarySalary and tied to Company performance targets as determined by the Compensation Committee. To earn incentive compensation, and will the Executive must be awarded based employed by the Company on the objective and/or subjective criteria established and approved day such incentive compensation is paid, unless otherwise determined by the Board or the Compensation Committee, as applicable. The Board or Committee shall have the sole discretion to determine whether Executive has earned any bonus and, if so, the amount of such bonus.

Appears in 1 contract

Samples: Employment Agreement (Aware Inc /Ma/)

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Committee, in its sole discretion, Compensation Committee from time to time. For the Company’s 2017 fiscal year, The Executive’s target annual incentive compensation shall be 45% 40 percent of Executive’s his Base Salary, and will be awarded based on the objective and/or subjective criteria established and approved . In case of unjustified immediate termination of this Contract by the Board Executive, or in case of justified immediate termination of this Contract by the Committee, as applicable. The Board or Committee shall have the sole discretion to determine whether Executive has earned any bonus and, if soCompany, the amount of such bonusExecutive shall not be entitled to the Incentive Bonus for the respective year.

Appears in 1 contract

Samples: Employment Agreement (HOOKIPA Pharma Inc.)

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Committee, in its sole discretion, Compensation Committee from time to time. For the Company’s 2017 fiscal year, The Executive’s target annual incentive compensation shall be 4530% percent of Executive’s his Base Salary. To earn incentive compensation, and will the Executive must be awarded based employed by the Company on the objective and/or subjective criteria established and approved by last day of the Board or the Committee, as applicable. The Board or Committee shall have the sole discretion to determine whether Executive has earned any bonus and, if so, the amount of period on which such bonusincentive compensation is measured.

Appears in 1 contract

Samples: Employment Agreement (Brightcove Inc)

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Committee, in its sole discretion, Compensation Committee from time to time. For the Company’s 2017 fiscal year, The Executive’s target annual incentive compensation shall be 4540% of Executive’s his Base Salary. To earn incentive compensation, and will the Executive must be awarded based employed by the Company on the objective and/or subjective criteria established and approved by the Board or the Committee, as applicableday such incentive compensation is paid. The Board or Committee shall have the sole discretion to determine whether Executive has earned any bonus and, if so, the amount of such bonus.ACTIVE/99594636.1

Appears in 1 contract

Samples: Employment Agreement (Unum Therapeutics Inc.)

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Committee, in its sole discretion, Compensation Committee from time to time. For the Company’s 2017 fiscal year, The Executive’s initial target annual incentive compensation shall be 45% twenty five percent (25%) of Executive’s his Base SalarySalary (the “Target Annual Incentive Compensation”). Except as otherwise provided herein, and will to earn incentive compensation, the Executive must be awarded based employed by the Company on the objective and/or subjective criteria established and approved by the Board or the Committee, as applicable. The Board or Committee shall have the sole discretion to determine whether Executive has earned any bonus and, if so, the amount of day such bonusincentive compensation is paid.

Appears in 1 contract

Samples: Employment Agreement (Aerpio Pharmaceuticals, Inc.)

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Committee, in its sole discretion, Compensation Committee from time to time. For the Company’s 2017 fiscal year, The Executive’s target annual incentive compensation shall be 4530% of Executive’s his Base Salary, Salary (the “Target Incentive Compensation”) and will shall be awarded based on the objective and/or subjective criteria established and approved re-determined periodically by the Board or the Compensation Committee, as applicable. The Board or Committee shall have the sole discretion to determine whether Executive has earned any bonus and, if soTo earn incentive compensation, the amount of Executive must be employed by the Company on the day such bonusincentive compensation is paid.

Appears in 1 contract

Samples: Employment Agreement (Blueprint Medicines Corp)

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Committee, in its sole discretion, Compensation Committee from time to time. For the Company’s 2017 fiscal year, The Executive’s target annual incentive compensation shall be 45% 50 percent of Executive’s Base Salary. The target annual incentive compensation in effect at any given time is referred to herein as “Target Annual Cash Incentive Compensation.” To earn incentive compensation, and will the Executive must be awarded based employed by the Company on the objective and/or subjective criteria established and approved by the Board or the Committee, as applicable. The Board or Committee shall have the sole discretion to determine whether Executive has earned any bonus and, if so, the amount of day such bonusincentive compensation is paid.

Appears in 1 contract

Samples: Employment Agreement (Deciphera Pharmaceuticals, Inc.)

Incentive Compensation. During the Term, The Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Committee, in its sole discretion, Compensation Committee from time to time. For the Company’s 2017 fiscal year, The Executive’s target annual incentive compensation shall be 45% of Executive’s her Base Salary, Salary (the “Target Incentive Compensation”) and will shall be awarded based on the objective and/or subjective criteria established and approved re-determined periodically by the Board or the Compensation Committee, as applicable. The Board or Committee shall have the sole discretion to determine whether Executive has earned any bonus and, if soTo earn incentive compensation, the amount of Executive must be employed by the Company on the day such bonusincentive compensation is paid.

Appears in 1 contract

Samples: Employment Agreement (Blueprint Medicines Corp)

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Committee, in its sole discretion, Compensation Committee from time to time. For the Company’s 2017 fiscal year, The Executive’s initial target annual incentive compensation shall be 45% fifty percent of Executive’s his Base SalarySalary (as in effect at any time, and will the “Target Annual Incentive Compensation”). Except as otherwise provided herein, to earn incentive compensation, the Executive must be awarded based employed by the Company on the objective and/or subjective criteria established and approved by the Board or the Committee, as applicable. The Board or Committee shall have the sole discretion to determine whether Executive has earned any bonus and, if so, the amount of day such bonusincentive compensation is paid.

Appears in 1 contract

Samples: Employment Agreement (AVROBIO, Inc.)

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Committee, in its sole discretion, Compensation Committee from time to time. For the Company’s 2017 fiscal year, The Executive’s target annual incentive compensation shall be 45% thirty-five percent (35%) of Executive’s his Base SalarySalary (the “Target Incentive Compensation”). To earn incentive compensation, and will the Executive must be awarded based employed by the Company on the objective and/or subjective criteria established and approved by the Board or the Committee, as applicable. The Board or Committee shall have the sole discretion to determine whether Executive has earned any bonus and, if so, the amount of day such bonusincentive compensation is paid.

Appears in 1 contract

Samples: Employment Agreement (Blueprint Medicines Corp)

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Committee, in its sole discretion, Compensation Committee from time to time. For the Company’s 2017 fiscal year, The Executive’s initial target annual incentive compensation shall be 45$260,000 which is equivalent to 69.3% of the Executive’s Base SalarySalary (the “Target Bonus”). The actual amount of the Executive’s annual incentive compensation, and will if any, shall be awarded based on determined in the objective and/or subjective criteria established and approved by sole discretion of the Board or the Compensation Committee, subject to the terms of any applicable incentive compensation plan that may be in effect from time to time. Except as applicable. The Board or Committee shall have the sole discretion otherwise provided herein, to determine whether Executive has earned any bonus and, if soearn incentive compensation, the amount of Executive must be employed by the Company on the day such bonusincentive compensation is paid.

Appears in 1 contract

Samples: Amended And (Phreesia, Inc.)

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Committee, in its sole discretion, Compensation Committee from time to time. For the Company’s 2017 fiscal year, The Executive’s 's target annual incentive compensation shall be 45% 35 percent of Executive’s 's Base Salary. The target annual incentive compensation in effect at any given time is referred to herein as "Target Annual Cash Incentive Compensation." To earn incentive compensation, and will the Executive must be awarded based employed by the Company on the objective and/or subjective criteria established and approved by day such incentive compensation is paid. For the Board or the Committee, as applicable. The Board or Committee shall have the sole discretion to determine whether Executive has earned any bonus and, if soavoidance of doubt, the amount of such bonusannual incentive compensation shall not be pro-rated for 2018.

Appears in 1 contract

Samples: Employment Agreement (Deciphera Pharmaceuticals, Inc.)

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by and in the sole discretion of the Board or the Committee, in its sole discretion, Compensation Committee from time to time. For the Company’s 2017 fiscal year, The Executive’s target annual incentive compensation shall be 45% fifty-five percent (55%) of Executive’s his Base Salary, and will as may be awarded based redetermined from time to time (the “Target Incentive Compensation”). To earn incentive compensation, the Executive must be employed by the Company on the objective and/or subjective criteria established and approved by the Board or the Committee, as applicable. The Board or Committee shall have the sole discretion to determine whether Executive has earned any bonus and, if so, the amount of day such bonusincentive compensation is paid.

Appears in 1 contract

Samples: Employment Agreement (Magenta Therapeutics, Inc.)

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Committee, in its sole discretion, Compensation Committee from time to time. For the Company’s 2017 fiscal year, The Executive’s target annual incentive compensation shall be 4570% of Executive’s her Base Salary, and will be awarded based on Salary (the objective and/or subjective criteria established and approved by the Board or the Committee, as applicable“Target Incentive Compensation”). The Board or the Compensation Committee shall have the sole discretion to determine whether Executive has earned any weigh its bonus and, if sodetermination as follows: 100% on Company performance. To earn incentive compensation, the amount Executive must be employed by the Company on the day such incentive compensation is paid. For the avoidance of such bonus.doubt, notwithstanding anything to the contrary herein:

Appears in 1 contract

Samples: Employment Agreement (Blueprint Medicines Corp)

Incentive Compensation. During the Term, The Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Committee, in its sole discretion, Compensation Committee from time to time. For the CompanyThe Executive’s 2017 fiscal year, initial target annual incentive compensation shall be 50 percent of his Base Salary. The Executive’s target annual incentive compensation shall be 45% reset annually but shall not be reduced below 50 percent of Executive’s his Base Salary. To earn incentive compensation, and will the Executive must be awarded based employed by the Company on the objective and/or subjective criteria established and approved by the Board or the Committee, as applicable. The Board or Committee shall have the sole discretion to determine whether Executive has earned any bonus and, if so, the amount of day such bonusincentive compensation is paid.

Appears in 1 contract

Samples: Employment Agreement (Combinatorx, Inc)

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Committee, in its sole discretion, Compensation Committee from time to time. For the Company’s 2017 fiscal year, The Executive’s target annual incentive compensation shall be 45% 40 percent of Executive’s his Base Salary, and will as may be awarded based redetermined from time to time (the “Target Incentive Compensation”). To earn incentive compensation, the Executive must be employed by the Company on the objective and/or subjective criteria established and approved by the Board or the Committee, as applicable. The Board or Committee shall have the sole discretion to determine whether Executive has earned any bonus and, if so, the amount of day such bonusincentive compensation is paid.

Appears in 1 contract

Samples: Employment Agreement (Magenta Therapeutics, Inc.)

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Committee, in its sole discretion, Compensation Committee from time to time. For the Company’s 2017 fiscal year, The Executive’s target annual incentive compensation shall be 4550% of Executive’s the Base SalarySalary (the “Target Bonus”). Except as otherwise provided herein, and will to earn incentive compensation, the Executive must be awarded based employed by the Company on the objective and/or subjective criteria established and approved by the Board or the Committee, as applicable. The Board or Committee shall have the sole discretion to determine whether Executive has earned any bonus and, if so, the amount of day such bonusincentive compensation is paid.

Appears in 1 contract

Samples: Employment Agreement (Gemini Therapeutics, Inc. /DE)

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Committee, in its sole discretion, Compensation Committee from time to time. For the Company’s 2017 fiscal year, The Executive’s target annual incentive compensation shall be 45% fifty percent (50%) of Executive’s his Base Salary (which actual incentive compensation, for the avoidance of doubt, may exceed fifty percent (50%) of his Base Salary). To earn incentive compensation, and will the Executive must be awarded based employed by the Company on the objective and/or subjective criteria established and approved by the Board or the Committee, as applicable. The Board or Committee shall have the sole discretion to determine whether Executive has earned any bonus and, if so, the amount of day such bonusincentive compensation is paid.

Appears in 1 contract

Samples: Employment Agreement (Amplify Snack Brands, INC)

Incentive Compensation. During the Termterm, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Committee, in its sole discretion, designated committee thereof from time to time. For the Company’s 2017 fiscal year, The Executive’s initial target annual incentive compensation shall be 45% of is $535,000.00, prorated from the Executive’s Base Salary, and actual start date. Cash incentive compensation will be awarded based on paid to the objective and/or subjective criteria established and approved Executive in quarterly installments no later than sixty (60) days after the end of each relevant calendar quarter, subject to the Executive’s continued employment by the Board or Company through the Committee, as applicable. The Board or Committee shall have the sole discretion to determine whether Executive has earned any bonus and, if so, the amount end of such bonuscalendar quarter.

Appears in 1 contract

Samples: Employment Agreement (Trade Desk, Inc.)

Incentive Compensation. During the Term, The Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Committee, in its sole discretion, Compensation Committee from time to time. For the Company’s 2017 fiscal year, The Executive’s initial target annual incentive compensation shall be 45% sixty-five (65%) percent of the Executive’s Base SalarySalary (the “Target Bonus”). The actual amount of the Executive’s annual incentive compensation, and will if any, shall be awarded based on determined in the objective and/or subjective criteria established and approved by sole discretion of the Board or the Compensation Committee. Except as otherwise provided herein, as applicable. The Board or Committee shall have the sole discretion to determine whether Executive has earned any bonus and, if soearn incentive compensation, the amount of Executive must be employed by the Company on the day such bonusincentive compensation is paid.

Appears in 1 contract

Samples: Employment Agreement (Project Angel Parent, LLC)

Incentive Compensation. During the Term, The Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Committee, in its sole discretion, Compensation Committee from time to time. For the Company’s 2017 fiscal year, The Executive’s target annual incentive compensation shall be 45% forty percent (40%) of Executive’s his Base Salary. To earn incentive compensation, and will the Executive must be awarded based employed by the Company on the objective and/or subjective criteria established and approved by the Board or the Committee, as applicable. The Board or Committee shall have the sole discretion to determine whether Executive has earned any bonus and, if so, the amount of day such bonusincentive compensation is paid.

Appears in 1 contract

Samples: Employment Agreement (Advanced Cell Technology, Inc.)

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Committee, in its sole discretion, Executive Compensation Committee from time to time. For the Company’s 2017 fiscal year, The Executive’s target annual incentive compensation shall be 45% fifty (50) percent of Executive’s his Base Salary. To earn incentive compensation, and will the Executive must be awarded based employed by the Company on the objective and/or subjective criteria established and approved by the Board or the Committee, as applicable. The Board or Committee shall have the sole discretion to determine whether Executive has earned any bonus and, if so, the amount of day such bonusincentive compensation is paid.

Appears in 1 contract

Samples: Employment Agreement (Lucid Inc)

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Committee, in its sole discretion, designated committee thereof from time to time. For the Company’s 2017 fiscal year, The Executive’s initial target annual incentive compensation shall be 45% 110 percent of her Base Salary. Cash incentive compensation will be paid to the Executive in quarterly installments no later than sixty (60) days after the end of each relevant calendar quarter, subject to the Executive’s Base Salary, and will be awarded based on the objective and/or subjective criteria established and approved continued employment by the Board or Company through the Committee, as applicable. The Board or Committee shall have the sole discretion to determine whether Executive has earned any bonus and, if so, the amount end of such bonuscalendar quarter.

Appears in 1 contract

Samples: Employment Agreement (Trade Desk, Inc.)

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Committee, in its sole discretion, Compensation Committee from time to time. For the Company’s 2017 fiscal year, The Executive’s initial target annual incentive compensation shall be 45% 50 percent of Executive’s his Base Salary. Except as otherwise provided herein, and will to earn incentive compensation, the Executive must be awarded based employed by the Company on the objective and/or subjective criteria established and approved by the Board or the Committee, as applicable. The Board or Committee shall have the sole discretion to determine whether Executive has earned any bonus and, if so, the amount of day such bonusincentive compensation is paid.

Appears in 1 contract

Samples: Employment Agreement (Neos Therapeutics, Inc.)

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Compensation Committee of the Board or the Committee, in its sole discretion, from time to time. For the Company’s 2017 fiscal year, The Executive’s target annual incentive compensation shall be 45% 50 percent of Executive’s his Base Salary. To earn incentive compensation, and will except as otherwise set forth herein, the Executive must be awarded based employed by the Company on the objective and/or subjective criteria established and approved by day such incentive compensation is ACTIVE/84027084.7 paid. Any such incentive compensation shall be paid no later than March 15 of the Board or year following the Committee, as applicable. The Board or Committee shall have the sole discretion year to determine whether Executive has earned any bonus and, if so, the amount of which such bonuscompensation relates.

Appears in 1 contract

Samples: Employment Agreement (aTYR PHARMA INC)

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Committee, in its sole discretion, designated committee thereof from time to time. For the Company’s 2017 fiscal year, The Executive’s initial target annual incentive compensation shall be 45% 75 percent of his Base Salary. Cash incentive compensation will be paid to the Executive in quarterly installments no later than sixty (60) days after the end of each relevant calendar quarter, subject to the Executive’s Base Salary, and will be awarded based on the objective and/or subjective criteria established and approved continued employment by the Board or Company through the Committee, as applicable. The Board or Committee shall have the sole discretion to determine whether Executive has earned any bonus and, if so, the amount end of such bonuscalendar quarter.

Appears in 1 contract

Samples: Employment Agreement (Trade Desk, Inc.)

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Committee, in its sole discretion, Compensation Committee from time to time. For the Company’s 2017 fiscal year, The Executive’s target annual cash incentive compensation shall be 45150% percent of Executive’s his Base SalarySalary rate. Subject to the terms of this Agreement, and will to earn such cash incentive compensation, the Executive must be awarded based employed by the Company on the objective and/or subjective criteria established and approved by the Board or the Committee, as applicable. The Board or Committee shall have the sole discretion to determine whether Executive has earned any bonus and, if so, the amount of day such bonuscash incentive compensation is paid.

Appears in 1 contract

Samples: Employment Agreement (Ansys Inc)

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Committee, in its sole discretion, Compensation Committee from time to time. For the Company’s 2017 fiscal year, The Executive’s target annual incentive compensation shall be 45% 40 percent of Executive’s his Base Salary, and will Salary (the “Target Bonus”); provided that any bonus to be awarded paid for 2018 shall be pro-rated based on the objective and/or subjective criteria established and approved Executive’s commencement of employment with the Company. Except as otherwise provided herein, to earn incentive compensation, the Executive must be employed by the Board or Company on the Committee, as applicable. The Board or Committee shall have the sole discretion to determine whether Executive has earned any bonus and, if so, the amount of day such bonusincentive compensation is paid.

Appears in 1 contract

Samples: Employment Agreement (Axcella Health Inc.)

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Committee, in its sole discretion, Compensation Committee from time to time. For the Company’s 2017 fiscal year, The Executive’s initial target annual incentive compensation shall be 45% thirty-five percent of Executive’s his Base SalarySalary effective July 1, and will 2018 (resulting in a 30 percent effective rate for the 2018 target annual incentive compensation) (as in effect at any time, the “Target Annual Incentive Compensation”). Except as otherwise provided herein, to earn incentive compensation, the Executive must be awarded based employed by the Company on the objective and/or subjective criteria established and approved by the Board or the Committee, as applicable. The Board or Committee shall have the sole discretion to determine whether Executive has earned any bonus and, if so, the amount of day such bonusincentive compensation is paid.

Appears in 1 contract

Samples: Employment Agreement (AVROBIO, Inc.)

Incentive Compensation. During the Term, the Executive shall be eligible to receive annual cash incentive compensation as determined by the Board or the Committee, in its sole discretion, Compensation Committee from time to time. For the Company’s 2017 fiscal year, The Executive’s initial target annual incentive compensation shall be 45% up to $250,000.00 of his Base Salary and tied to Company performance targets as determined by the Compensation Committee. To earn incentive compensation, the Executive must be employed by the Company on the day such incentive compensation is paid. For 2022, the Executive’s Base Salary, and will incentive compensation shall be awarded based on prorated to reflect the objective and/or subjective criteria established and approved by the Board or the Committee, as applicable. The Board or Committee shall have the sole discretion to determine whether Executive has earned any bonus and, if so, the amount Effective Date of such bonusthis agreement.

Appears in 1 contract

Samples: Employment Agreement (Aware Inc /Ma/)

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Committee, in its sole discretion, Compensation Committee from time to time. For the Company’s 2017 fiscal year, The Executive’s target annual incentive compensation shall be 4535% of Executive’s his Base SalarySalary (the “Target Incentive Compensation”). To earn incentive compensation, and will the Executive must be awarded based employed by the Company on the objective and/or subjective criteria established and approved by the Board or the Committee, as applicable. The Board or Committee shall have the sole discretion to determine whether Executive has earned any bonus and, if so, the amount of day such bonusincentive compensation is paid.

Appears in 1 contract

Samples: Employment Agreement (Blueprint Medicines Corp)

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Committee, in its sole discretion, Compensation Committee from time to time. For the Company’s 2017 fiscal year, The Executive’s target annual incentive compensation shall be forty-five percent (45% %) of Executive’s his Base SalarySalary (the “Target Incentive Compensation”). To earn incentive compensation, and will the Executive must be awarded based employed by the Company on the objective and/or subjective criteria established and approved by the Board or the Committee, as applicable. The Board or Committee shall have the sole discretion to determine whether Executive has earned any bonus and, if so, the amount of day such bonusincentive compensation is paid.

Appears in 1 contract

Samples: Employment Agreement (Blueprint Medicines Corp)

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Compensation Committee of the Board or the Committee, in its sole discretion, from time to time. For the Company’s 2017 fiscal year, The Executive’s target annual incentive compensation shall be 45% 50 percent of his Base Salary; provided, however that for 2017, the Executive’s target annual incentive compensation shall be 45 percent of his Base Salary. To earn incentive compensation, and will except as otherwise set forth herein, the Executive must be awarded based employed by the Company on the objective and/or subjective criteria established and approved by day such incentive compensation is paid. Any such incentive compensation shall be paid no later than March 15 of the Board or year following the Committee, as applicable. The Board or Committee shall have the sole discretion year to determine whether Executive has earned any bonus and, if so, the amount of which such bonuscompensation relates.

Appears in 1 contract

Samples: Employment Agreement (aTYR PHARMA INC)

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Committee, in its sole discretion, Compensation Committee from time to time. For the Company’s 2017 fiscal year, The Executive’s target annual incentive compensation shall be 45% 45 percent of Executive’s his Base Salary. To earn incentive compensation, and will the Executive must be awarded based employed by the Company on the objective and/or subjective criteria established and approved by last day of the Board or the Committee, as applicable. The Board or Committee shall have the sole discretion to determine whether Executive has earned any bonus and, if so, the amount of period on which such bonusincentive compensation is measured.

Appears in 1 contract

Samples: Employment Agreement (Brightcove Inc)

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Committee, in its sole discretion, Compensation Committee from time to time. For the Company’s 2017 fiscal year, The Executive’s target annual incentive compensation shall be 45% percent of Executive’s [his]/[her] Base Salary, and will as may be awarded based redetermined from time to time (the “Target Incentive Compensation”). To earn incentive compensation, the Executive must be employed by the Company on the objective and/or subjective criteria established and approved by the Board or the Committee, as applicable. The Board or Committee shall have the sole discretion to determine whether Executive has earned any bonus and, if so, the amount of day such bonusincentive compensation is paid.

Appears in 1 contract

Samples: Employment Agreement (Magenta Therapeutics, Inc.)

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