Common use of Target Bonus Clause in Contracts

Target Bonus. The Executive shall be eligible to participate in an annual bonus program that will provide the Executive with an opportunity to earn a potential annual bonus equal to 60% of the Executive’s Base Salary. The amount of the bonus shall be based upon the performance of the Executive, as set by the individual performance objectives described in this Subsection, and the Company in each calendar year, and shall be paid by no later than January 31 of the following year, contingent on the Executive remaining employed by the Company as of such date. The Executive’s individual performance objectives and those of the Company’s shall be set by the CEO after consultation with the Executive by no later than March 31, of each calendar year. Any bonus awarded or paid to the Executive will be subject to the discretion of the Board.

Appears in 4 contracts

Samples: Employment Agreement (Align Technology Inc), Employment Agreement (Align Technology Inc), Employment Agreement (Align Technology Inc)

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Target Bonus. The Executive shall be eligible to participate in an annual bonus program that will provide the Executive him with an opportunity to earn a potential annual bonus equal to 60% of the Executive’s Base Salary. The amount of the bonus shall be based upon the performance of the Executive, as set by the individual performance objectives described in this Subsection, and the Company in each calendar year, and shall be paid by no later than January 31 of the following year, contingent on the Executive remaining employed by the Company as of such date. The Executive’s individual performance objectives and those of the Company’s shall be set by the CEO after consultation with the Executive by no later than March 31, of each calendar year. Any bonus awarded or paid to the Executive will be subject to the discretion of the Board.

Appears in 3 contracts

Samples: Employment Agreement (Align Technology Inc), Employment Agreement (Align Technology Inc), Employment Agreement (Align Technology Inc)

Target Bonus. The Executive shall be eligible to participate in an annual bonus program that will provide the Executive him with an opportunity to earn a potential annual bonus equal to 6060.0% of the Executive’s Base Salary. The amount of the bonus shall be based upon the performance of the Executive, as set by the individual performance objectives described in this Subsection, and the Company in each calendar year, and shall be paid by no later than January 31 of the following year, contingent on the Executive remaining employed by the Company as of such date. The Executive’s individual performance objectives and those of the Company’s shall be set by the CEO after consultation with the Executive by no later than March 31, of each calendar year. For calendar year 2005, the Executive’s bonus shall be prorated based on the number of days of such year that the Executive was employed by the Company. Any bonus awarded or paid to the Executive will be subject to the discretion of the Board.

Appears in 3 contracts

Samples: Employment Agreement (Align Technology Inc), Employment Agreement (Align Technology Inc), Employment Agreement (Align Technology Inc)

Target Bonus. The Executive shall be eligible to participate in an annual bonus program that will provide the Executive him with an opportunity to earn a potential annual bonus equal to 6060.0% of the Executive’s Base Salary. The amount of the bonus shall be based upon the performance of the Executive, as set by the individual performance objectives described in this Subsection, and the Company in each calendar year, and shall be paid by no later than January 31 of the following year, contingent on the Executive remaining employed by the Company as of such date. The Executive’s individual performance objectives and those of the Company’s shall be set by the CEO after consultation with the Executive by no later than March 31, of each calendar year. For calendar year 2004, the Executive’s bonus shall be prorated based on the number of days of such year that the Executive was employed by the Company. Any bonus awarded or paid to the Executive will be subject to the discretion of the Board.

Appears in 2 contracts

Samples: Employment Agreement (Align Technology Inc), Employment Agreement (Align Technology Inc)

Target Bonus. The Executive shall be eligible to participate in an annual bonus program that will provide the Executive him with an opportunity to earn a potential annual bonus equal to 60100.0% of the Executive’s Base Salary. The amount of the bonus shall be based upon the performance of the Executive, as set by the individual performance objectives described in this Subsection, and the Company in each calendar year, and shall be paid by no later than January 31 of the following year, contingent on the Executive remaining employed by the Company as of such date. The Executive’s individual performance objectives and those of the Company’s shall be set by the CEO Board after consultation with the Executive by no later than March 31, of each calendar year. Any bonus awarded or paid to the Executive will be subject to the discretion of the Board.

Appears in 2 contracts

Samples: Employment Agreement (Align Technology Inc), Employment Agreement (Align Technology Inc)

Target Bonus. The Executive shall be eligible to participate in an annual bonus program that will provide the Executive with an opportunity to earn a potential annual bonus equal to 60[60%][70% in the case of Xxx Xxxxx] of the Executive’s Base Salary. The amount of the bonus shall be based upon the performance of the Executive, as set by the individual performance objectives described in this Subsection, and the Company in each calendar year, and shall be paid by no later than January 31 of the following year, contingent on the Executive remaining employed by the Company as of such date. The Executive’s individual performance objectives and those of the Company’s shall be set by the CEO after consultation with the Executive by no later than March 31, of each calendar year. Any bonus awarded or paid to the Executive will be subject to the discretion of the Board.

Appears in 1 contract

Samples: Employment Agreement (Align Technology Inc)

Target Bonus. The Executive shall be eligible to participate in an annual bonus program that will provide the Executive her with an opportunity to earn a potential annual bonus equal to 60% of the Executive’s 's Base Salary. The amount of the bonus shall be based upon the performance of the Executive, as set by the individual performance objectives described in this Subsection, and the Company in each calendar year, and shall be paid by no later than January 31 of the following year, contingent on the Executive remaining employed by the Company as of such date. The Executive’s 's individual performance objectives and those of the Company’s 's shall be set by the CEO after consultation with the Executive by no later than March 31, of each calendar year. Any bonus awarded or paid to the Executive will be subject to the discretion of the Board; provided, however, that for calendar year 2006, the Company guarantees that Executive will be paid a prorated bonus based on the number of days of such year that the Executive was employed by the Company equal to $37,500.

Appears in 1 contract

Samples: Employment Agreement (Align Technology Inc)

Target Bonus. The Executive shall be eligible to participate in an annual bonus program that will provide the Executive with an opportunity to earn a potential annual bonus equal to 60100% of the Executive’s Base Salary. The amount of the bonus shall be based upon the performance of the Executive, as set by the individual performance objectives described in this Subsection, and the Company in each calendar year, and shall be paid by no later than January 31 of the following year, contingent on the Executive remaining employed by the Company as of such date. The Executive’s individual performance objectives and those of the Company’s shall be set by the CEO after consultation with the Executive by no later than March 31, of each calendar year. Any bonus awarded or paid to the Executive will be subject to the discretion of the Board.

Appears in 1 contract

Samples: Employment Agreement (Align Technology Inc)

Target Bonus. The Executive shall be eligible to participate in an annual bonus program that will provide the Executive him with an opportunity to earn a potential annual bonus equal to 6060.0% of the Executive’s 's Base Salary. The amount of the bonus shall be based upon the performance of the Executive, as set by the individual performance objectives described in this Subsection, and the Company in each calendar year, and shall be paid by no later than January 31 of the following year, contingent on the Executive remaining employed by the Company as of such date. The Executive’s 's individual performance objectives and those of the Company’s 's shall be set by the CEO after consultation with the Executive by no later than March 31, of each calendar year. For calendar year 2005, the Executive's bonus shall be prorated based on the number of days of such year that the Executive was employed by the Company. Any bonus awarded or paid to the Executive will be subject to the discretion of the Board.

Appears in 1 contract

Samples: Employment Agreement (Align Technology Inc)

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Target Bonus. The Executive shall be eligible to ------------ participate in an annual bonus program (beginning in calendar year 2006) that will provide the Executive him with an opportunity to earn a potential annual bonus equal to 60% of the Executive’s 's Base Salary. The amount of the bonus shall be based upon the performance of the Executive, as set by the individual performance objectives described in this Subsection, and the Company in each calendar year, and shall be paid by no later than January 31 of the following year, contingent on the Executive remaining employed by the Company as of such date. The Executive’s 's individual performance objectives and those of the Company’s 's shall be set by the CEO after consultation with the Executive by no later than March 31, of each calendar year. Any bonus awarded or paid to the Executive will be subject to the discretion of the Board.

Appears in 1 contract

Samples: Employment Agreement (Align Technology Inc)

Target Bonus. The Executive shall be eligible to participate in an annual bonus program that will provide the Executive him with an opportunity to earn a potential annual bonus equal to 6030.0% of the Executive’s Base Salary. The amount of the bonus shall be based upon the performance of the Executive, as set by the individual performance objectives described in this Subsection, and the Company in each calendar year, and shall be paid by no later than January 31 of the following year, contingent on the Executive remaining employed by the Company as of such date. The Executive’s individual performance objectives and those of the Company’s shall be set by the CEO after consultation with the Executive by no later than March 31, of each calendar year. For calendar year 2002, the Executive’s bonus shall be prorated based on the number of days of such year that the Executive was employed by the Company. Any bonus awarded or paid to the Executive will be subject to the discretion of the Board.

Appears in 1 contract

Samples: Employment Agreement (Align Technology Inc)

Target Bonus. The Executive shall be eligible to participate in an annual bonus program that will provide the Executive with an opportunity to earn a potential annual bonus equal to 6070% of the Executive’s 's Base Salary. The amount of the bonus shall be based upon the performance of the Executive, as set by the individual performance objectives described in this Subsection, and the Company in each calendar year, and shall be paid by no later than January 31 March 1 of the following year, contingent on the Executive remaining employed by the Company as of such date. The Executive’s 's individual performance objectives and those of the Company’s 's shall be set by the CEO after consultation with the Executive by no later than March 31, of each calendar year. Any bonus awarded or paid to the Executive will be subject to the discretion of the Board.

Appears in 1 contract

Samples: Employment Agreement (Align Technology Inc)

Target Bonus. The Executive shall be eligible to participate in an annual bonus program (beginning in calendar year 2006) that will provide the Executive him with an opportunity to earn a potential annual bonus equal to 60% of the Executive’s Base Salary. The amount of the bonus shall be based upon the performance of the Executive, as set by the individual performance objectives described in this Subsection, and the Company in each calendar year, and shall be paid by no later than January 31 of the following year, contingent on the Executive remaining employed by the Company as of such date. The Executive’s individual performance objectives and those of the Company’s shall be set by the CEO after consultation with the Executive by no later than March 31, of each calendar year. Any bonus awarded or paid to the Executive will be subject to the discretion of the Board.

Appears in 1 contract

Samples: Employment Agreement (Align Technology Inc)

Target Bonus. The Executive shall be eligible to participate in an annual bonus program that will provide the Executive him with an opportunity to earn a potential annual bonus equal to 60100.0% of the Executive’s 's Base Salary. The amount of the bonus shall be based upon the performance of the Executive, as set by the individual performance objectives described in this Subsection, and the Company in each calendar year, and shall be paid by no later than January 31 March 1 of the following year, contingent on the Executive remaining employed by the Company as of such date. The Executive’s 's individual performance objectives and those of the Company’s 's shall be set by the CEO Board after consultation with the Executive by no later than March 31, of each calendar year. Any bonus awarded or paid to the Executive will be subject to the discretion of the Board.

Appears in 1 contract

Samples: Employment Agreement (Align Technology Inc)

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