Common use of Annual Bonus Clause in Contracts

Annual Bonus. Executive shall be eligible to receive a discretionary annual bonus based on Executive’s achievement of performance objectives as mutually agreed between Executive and the CEO, such bonus to be targeted at 35% of Executive’s Annual Base Salary (the “Annual Bonus”). Any Annual Bonus approved by the Board, the Compensation Committee of the Board and/or the CEO shall be paid at the same time annual bonuses are paid to other executives of the Company generally, subject to Executive’s continuous employment through the date of approval.

Appears in 7 contracts

Samples: Employment Agreement (Gritstone Oncology, Inc.), Employment Agreement (Gritstone Oncology, Inc.), Employment Agreement (Gritstone Oncology, Inc.)

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Annual Bonus. In addition to Executive’s salary, the Executive shall be eligible to receive a discretionary an annual bonus based on if performance goals established by the Company are satisfied. If the Company has established an annual incentive compensation plan for its senior management, the Executive’s achievement annual bonus opportunity may be provided under the terms of performance objectives as mutually agreed between the annual incentive compensation plan. Any bonus program in which the Executive participates may be established and administered on behalf of the CEO, such bonus to be targeted at 35% Company by the independent directors who are members of Executive’s Annual Base Salary the compensation committee of the Board (the “Annual BonusCompensation Committee”). Any Annual Bonus approved by the Board, the Compensation Committee of the Board and/or the CEO shall be paid at the same time annual bonuses are paid to other executives of the Company generally, subject to Executive’s continuous employment through the date of approval.

Appears in 7 contracts

Samples: Employment Agreement (Valiant Health Care, Inc.), Employment Agreement (Valiant Health Care, Inc.), Employment Agreement (NationsHealth, Inc.)

Annual Bonus. Executive shall be eligible to receive a discretionary annual bonus based on Executive’s achievement of performance objectives as mutually agreed between Executive and the CEO, such bonus target to be targeted at 35equal to 30% of Executive’s Annual Base Salary (the “Annual Bonus”). Any Annual Bonus approved by the Board, the Compensation Committee of the Board and/or the CEO shall earned will be paid at the same time annual bonuses are paid to other executives of the Company generally, subject to Executive’s continuous employment through the date of approvalany limitations on payment as set forth in Section 6.

Appears in 6 contracts

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

Annual Bonus. Executive during the Term shall be eligible to receive a discretionary an annual bonus based on Executive’s achievement of performance objectives as mutually agreed between Executive each year, and the CEOsuch bonus, such bonus to if any, shall be targeted at 35% of Executive’s Annual Base Salary (the “Annual Bonus”). Any Annual Bonus approved set by the Board, the Compensation Committee of the Company’s Board and/or of Directors or, at the CEO discretion of such Board of Directors, the Board of Directors as a whole. Each such bonus shall be paid at the same time annual bonuses are paid to other executives reasonable in light of the contribution made by Executive for such year in relation to the contributions made and bonuses paid other senior Company generally, subject to Executive’s continuous employment through the date of approvalexecutives for such year.

Appears in 5 contracts

Samples: Employment Agreement (Great Wolf Resorts, Inc.), Employment Agreement (Great Wolf Resorts, Inc.), Employment Agreement (Great Wolf Resorts, Inc.)

Annual Bonus. Executive shall be eligible to receive a discretionary annual bonus based on Executive’s achievement of performance objectives as mutually agreed between Executive and the CEO, such bonus to be targeted at thirty-five percent (35% %) of Executive’s Annual Base Salary (the “Annual Bonus”). Any Annual Bonus approved by the Board, the Compensation Committee of the Board and/or the CEO shall earned will be paid at the same time annual bonuses are paid to other executives of the Company generally, subject to Executive’s continuous employment through the date of approvalpayment.

Appears in 5 contracts

Samples: Employment Agreement (Sienna Biopharmaceuticals, Inc.), Employment Agreement (Sienna Biopharmaceuticals, Inc.), Employment Agreement (Sienna Biopharmaceuticals, Inc.)

Annual Bonus. Executive shall be eligible to receive a discretionary annual bonus based on Executive’s achievement of performance objectives as mutually agreed between Executive and the CEO, such bonus to be targeted at thirty-five percent (35% %) of Executive’s Annual Base Salary (the “Annual Bonus”). Any Annual Bonus approved by the Board, the Compensation Committee of the Board and/or the CEO shall be paid at the same time annual bonuses are paid to other executives of the Company generally, subject to Executive’s continuous employment through the date of approval.

Appears in 5 contracts

Samples: Employment Agreement, Employment Agreement (Unity Biotechnology, Inc.), Employment Agreement (Unity Biotechnology, Inc.)

Annual Bonus. Executive shall will also be eligible to receive earn an annual discretionary bonus with a discretionary annual bonus based on Executive’s achievement of performance objectives as mutually agreed between Executive and the CEO, such bonus target amount equal to be targeted at 3540% of Executive’s Annual the Base Salary (the Annual Target Bonus”). Any Annual Bonus approved by The amount of this bonus, if any, will be determined in the Board, the Compensation Committee sole discretion of the Board and/or and based, in part, on Executive’s performance and the CEO shall be paid at the same time annual bonuses are paid to other executives performance of the Company generallyduring the calendar year. The Company will pay Executive this bonus, subject to if any, by no later than March 1st of the following calendar year. The bonus is not earned until paid and no pro-rated amount will be paid if Executive’s continuous employment through terminates for any reason prior to the date of approvalpayment date.

Appears in 4 contracts

Samples: Executive Employment Agreement (Keros Therapeutics, Inc.), Executive Employment Agreement (Keros Therapeutics, Inc.), Executive Employment Agreement (Keros Therapeutics, Inc.)

Annual Bonus. Executive shall be eligible to receive a discretionary annual bonus based on Executive’s achievement of performance objectives as mutually agreed between Executive and the CEOCOO, such bonus target to be targeted at 35equal to 30% of Executive’s Annual Base Salary (the “Annual Bonus”). Any Annual Bonus approved by the Board, the Compensation Committee of the Board and/or the CEO shall earned will be paid at the same time annual bonuses are paid to other executives of the Company generally, subject to Executive’s continuous employment through the date of approvalany limitations on payment as set forth in Section 6.

Appears in 4 contracts

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

Annual Bonus. Executive shall be eligible to receive a discretionary annual bonus based on Executive’s achievement of performance objectives as mutually agreed between Executive and established by the Board, its Compensation Committee and/or the CEO, such bonus to be targeted at 3525% of Executive’s Annual Base Salary (the “Annual Bonus”). Any Annual Bonus approved by the Board, the Compensation Committee of the Board and/or the CEO shall be paid at the same time annual bonuses are paid to other executives of the Company generally, subject to Executive’s continuous employment through the date of approval.

Appears in 4 contracts

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

Annual Bonus. Executive shall be eligible to receive a have an annual discretionary annual bonus based on Executive’s achievement opportunity of performance objectives as mutually agreed between Executive and the CEO, such bonus to be targeted at 35% seventy-five percent (75%) of Executive’s then-current Minimum Annual Base Salary (the “Annual Bonus”). Any Annual Bonus approved Salary, to be paid upon satisfaction of certain criteria established by the Board, the Compensation Committee of the Board and/or the CEO shall be paid at the same time annual bonuses are paid to of Directors, or by any other executives of the Company generally, subject to Executive’s continuous employment through the date of approvalcommittee or officer having authority over executive compensation.

Appears in 4 contracts

Samples: Executive Employment Agreement (Mylan Inc.), Executive Employment Agreement (Mylan Laboratories Inc), Executive Employment Agreement (Mylan Laboratories Inc)

Annual Bonus. Executive shall will be eligible to receive a discretionary an annual bonus based on Executive’s achievement of performance objectives as mutually agreed between Executive and the CEO, such bonus to be targeted at 35% of Executive’s Annual Base Salary (the “Annual Bonus”) based on a percentage of the Annual Base Salary. The Board will set the specific amount of the Annual Bonus based upon the Company’s annual achievement of financial performance goals and other objectives as determined by the Board in good faith for the preceding fiscal year (or portion thereof). Any Annual The Board may pay the Bonus approved by the Board, the Compensation Committee of the Board and/or the CEO shall be paid at the same time annual bonuses are paid to other executives of the Company generally, subject to Executive’s continuous employment through the date of approvalon a quarterly basis.

Appears in 4 contracts

Samples: Executive Employment Agreement (Greenbelt Resources Corp), Executive Employment Agreement (Greenbelt Resources Corp), Executive Employment Agreement (Greenbelt Resources Corp)

Annual Bonus. Executive shall be eligible entitled to receive a discretionary an annual bonus based on Executive’s achievement of upon his performance objectives as mutually agreed between Executive and determined in the CEO, such bonus to be targeted at 35% of Executive’s Annual Base Salary (the “Annual Bonus”). Any Annual Bonus approved by the Board, the Compensation Committee sole discretion of the Board and/or of Directors of the CEO Employer. At the Executive's option, the Annual Bonus shall be paid at the same time annual bonuses are paid to other executives payable in cash or in an amount of shares of the Company generally, subject to Executive’s continuous employment through Employer's common stock that equals the amount of the bonus based upon the market price of the Employer's common stock on the date of approvalthat the bonus is paid.

Appears in 4 contracts

Samples: Employment Agreement (New Visual Corp), Employment Agreement (New Visual Corp), Employment Agreement (New Visual Corp)

Annual Bonus. In addition to the Base Salary, Executive shall be eligible to may receive a discretionary annual performance bonus based on Executive’s achievement during each year of performance objectives as mutually agreed between Executive and employment with the CEO, such bonus Company under this Agreement in an amount to be targeted at 35% of Executive’s Annual Base Salary (the “Annual Bonus”). Any Annual Bonus approved determined by the Board, Board or the Compensation Committee of the Board and/or (the CEO "Annual Bonus"). Such performance bonus, if any, shall be paid at determined by the same time annual bonuses are paid to other executives Board, or the Compensation Committee of the Company generallyBoard, subject based upon its evaluation of performance relative to Executive’s continuous employment through the date of approvalbusiness plan and other pertinent considerations.

Appears in 4 contracts

Samples: Employment Agreement (Indus International Inc), Employment Agreement (Indus International Inc), Employment Agreement (Indus International Inc)

Annual Bonus. Executive shall be eligible to receive a discretionary annual bonus based on Executive’s achievement of performance objectives as mutually agreed between Executive and established by the Board, its Compensation Committee and/or the CEO, such bonus to be targeted at 3540% of Executive’s Annual Base Salary (the “Annual Bonus”). Any Annual Bonus approved by the Board, Board or the Compensation Committee of the Board and/or the CEO shall be paid at the same time annual bonuses are paid to other executives of the Company generally, subject to Executive’s continuous employment through the date of approval.

Appears in 3 contracts

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

Annual Bonus. Executive shall be eligible to receive a discretionary an annual bonus based on Executive’s achievement of performance objectives as mutually agreed between Executive and established by the CEOCEO and/or the Compensation Committee, such bonus to be targeted at 3550% of Executive’s the Annual Base Salary (the “Annual Bonus”). Any Annual Bonus approved by the Board, CEO and/or the Compensation Committee of the Board and/or the CEO shall be paid at the same time annual bonuses are paid to other executives of the Company generallygenerally and, subject in any event, by March 15 of the year following the year to Executive’s continuous employment through the date of approvalwhich such Annual Bonus relates.

Appears in 3 contracts

Samples: Employment Agreement (Rivian Automotive, Inc. / DE), Employment Agreement (Rivian Automotive, Inc. / DE), Employment Agreement (Rivian Automotive, Inc. / DE)

Annual Bonus. In addition to the Base Salary, Executive shall be eligible to receive a discretionary annual performance bonus based on Executive’s achievement of performance objectives as mutually agreed between Executive and the CEO, such bonus to be targeted at 35% of Executive’s Annual Base Salary (the “Annual Bonus”)) in respect of each calendar year in which Executive is employed hereunder based upon the achievement of targets established in the sole discretion of the Company. Any The exact amount of the Annual Bonus approved by payable to Executive in respect of a calendar year, and whether to pay a bonus at all, shall be at the Board, the Compensation Committee sole discretion of the Board and/or the CEO shall be paid at the same time annual bonuses are paid to other executives of the Company generally, subject to Executive’s continuous employment through the date of approvalCompany.

Appears in 3 contracts

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

Annual Bonus. With respect to each full fiscal year during the Employment Term, Executive shall be eligible to receive a discretionary earn an annual bonus based on Executive’s achievement award (an "Annual Bonus") of performance objectives as mutually agreed between Executive and the CEO, such bonus to be targeted at 35% one hundred percent (100%) of Executive’s Annual 's Base Salary (the "Target Annual Bonus”). Any Annual Bonus approved ") upon the achievement of performance goals established by the Board. Executive may be entitled to greater Annual Bonus for performance in excess targeted performance goals or a lesser Annual Bonus for performance which does not meet such targeted performance goals, in each case in the Compensation Committee discretion of the Board and/or the CEO shall be paid at the same time annual bonuses are paid to other executives of the Company generally, subject to Executive’s continuous employment through the date of approvalBoard.

Appears in 3 contracts

Samples: Employment Agreement (Wix Filtration Media Specialists, Inc.), Employment Agreement (Wix Filtration Media Specialists, Inc.), Employment Agreement (Wix Filtration Media Specialists, Inc.)

Annual Bonus. The Executive shall be eligible to receive a discretionary an annual bonus based on Executive’s achievement of performance objectives in accordance with the Company's annual incentive compensation program, as mutually agreed between Executive and the CEO, such bonus it may be modified from time to be targeted at 35% of Executive’s Annual Base Salary (the “Annual Bonus”). Any Annual Bonus approved time by the Board, . Any bonus awarded to the Compensation Committee of the Board and/or the CEO Executive shall be paid in the same form and manner and at or around the same time annual bonuses as such bonus payments are paid made to other senior executives of the Company generally, subject to Executive’s continuous employment through the date of approvalCompany.

Appears in 3 contracts

Samples: Employment Agreement (Pacific Energy Partners Lp), Employment Agreement (Pacific Energy Partners Lp), Employment Agreement (Pacific Energy Partners Lp)

Annual Bonus. Executive shall be eligible to receive a discretionary annual bonus based on Executive’s achievement of performance objectives as mutually agreed between Executive and the CEOBoard, such bonus to be targeted at 35% forty-five percent (45%) of Executive’s Annual Base Salary (the “Annual Bonus”). Any Annual Bonus approved by the Board, the Compensation Committee of the Board and/or the CEO shall earned will be paid at the same time annual bonuses are paid to other executives of the Company generally, subject to Executive’s continuous employment through the date of approvalpayment.

Appears in 2 contracts

Samples: Employment Agreement, Employment Agreement (Sienna Biopharmaceuticals, Inc.)

Annual Bonus. In addition to Executive’s base salary, Executive shall may be eligible to receive a an additional discretionary annual bonus based on Executive’s achievement of performance objectives up to thirty-five percent (35%) of his then in effect base salary, as mutually agreed between Executive and determined by the CEO, such bonus to be targeted at 35% Board of Executive’s Annual Base Salary Directors in their sole discretion (the Annual Target Bonus”). Any Annual Bonus approved Executive acknowledges that although a discretionary bonus may be provided by the BoardCompany, the Compensation Committee of the Board and/or the CEO shall be paid at the same time annual bonuses are paid to other executives of the Company generally, subject to Executive’s continuous employment through the date of approvalany such bonus is neither required nor guaranteed by this Agreement.

Appears in 2 contracts

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

Annual Bonus. Executive shall will be eligible to receive an annual performance bonus with a discretionary annual bonus based on Executive’s achievement target amount of performance objectives as mutually agreed between Executive and the CEO, such bonus to be targeted at 3550% of Executive’s Annual Base Salary base salary (the “Annual Bonus”). Any Annual Bonus approved payments will be determined in the discretion of the Board and will be subject to achievement of any applicable performance milestones or other terms and conditions determined by the Board, . The Annual Bonus will be payable as soon as practicable following the Compensation Committee end of the Board and/or calendar year to which the CEO shall be paid at the same time annual bonuses are paid to other executives of the Company generallybonus relates, subject to Executive’s continuous continued employment through on the date of approval.payment date. 3.3

Appears in 2 contracts

Samples: Employment Agreement (Accel Entertainment, Inc.), Employment Agreement (Accel Entertainment, Inc.)

Annual Bonus. In addition to his Base Salary, Executive shall be eligible to receive a an annual discretionary annual bonus based on Executive’s achievement of performance objectives as mutually agreed between Executive and the CEO, such bonus to be targeted at 35% of Executive’s Annual Base Salary (the “Annual Bonus”). Any Annual Bonus approved ) during the Term, based on performance criteria determined by the board of directors of Employer (the “Board”) in its sole discretion, in amount equal to up to 100% of Employee’s base salary for the Compensation Committee of the Board and/or the CEO shall be paid at the same time annual bonuses are paid to other executives of the Company generally, subject to Executive’s continuous employment through the date of approvalthen current fiscal year.

Appears in 2 contracts

Samples: Employment Agreement (MJ Holdings, Inc.), Employment Agreement (MJ Holdings, Inc.)

Annual Bonus. Executive shall be eligible to receive a discretionary annual bonus based on Executive’s achievement of performance objectives as mutually agreed between Executive and the CEO, such bonus to be targeted at 35% twenty-five percent (25%) of Executive’s Annual Base Salary (the “Annual Bonus”). Any Annual Bonus approved by the Board, the Compensation Committee of the Board and/or the CEO shall earned will be paid at the same time annual bonuses are paid to other executives of the Company generally, subject to Executive’s continuous employment through the date of approvalpayment.

Appears in 2 contracts

Samples: Employment Agreement (Sienna Biopharmaceuticals, Inc.), Employment Agreement (Sienna Biopharmaceuticals, Inc.)

Annual Bonus. The Executive shall be eligible entitled to receive a discretionary an annual performance bonus based on Executive’s achievement a target of performance objectives as mutually agreed between Executive and the CEO, such bonus to be targeted at 3530% of Executive’s Annual Base Salary (his annual base salary, provided that the “Annual Bonus”). Any Annual Bonus approved Executive meets the performance goals established by the Board, the Corporation’s Board of Directors or Compensation Committee of the Board and/or the CEO shall be paid at the same time annual bonuses are paid to other executives of the Company generally, subject to Executive’s continuous employment through the date of approvalin its discretion.

Appears in 2 contracts

Samples: Employment Agreement (Village Bank & Trust Financial Corp.), Employment Agreement (Village Bank & Trust Financial Corp.)

Annual Bonus. Executive shall also be eligible to receive a discretionary receive, in addition to the Base Salary, an annual bonus based on Executive’s achievement of performance objectives as mutually agreed between Executive and the CEO, such bonus having a target amount equal to be targeted at 35% of Executive’s Annual 's Base Salary ("Target Bonus"), with the “Annual Bonus”). Any Annual Bonus approved actual amount being determined by the Board, the Compensation Committee of the Board and/or in its discretion taking into account the CEO shall Company's performance and Executive's individual performance. In order to receive a Target Bonus, Executive must be paid at the same time annual bonuses are paid to other executives of the Company generally, subject to Executive’s continuous employment through employed by Employer on the date of approvalthe bonus is paid.

Appears in 2 contracts

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

Annual Bonus. During the Term, Executive shall be eligible to receive a discretionary annual bonus based on Executive’s achievement of performance objectives as mutually agreed between determined annually by the Compensation Committee in consultation with Executive and (the CEO“Annual Bonus”), such bonus to be targeted at 3575% of Executive’s Annual Base Salary (the “Annual Target Bonus”). Any Annual Bonus approved by the Board, the Compensation Committee of the Board and/or the CEO shall be paid at the same time annual bonuses are paid to other executives of the Company generally, subject to Executive’s continuous employment through the date of approvalpayment (other than as otherwise set forth in Section 6(a)).

Appears in 2 contracts

Samples: Employment Agreement (Duddell Street Acquisition Corp.), Employment Agreement (Duddell Street Acquisition Corp.)

Annual Bonus. Executive shall be eligible to receive a discretionary an annual performance-based bonus based on Executive’s achievement of performance objectives as mutually agreed between Executive and the CEO, such pursuant to an annual managerial bonus plan to be targeted at 35established by the Company, with an annual target bonus equal to 50% of Executive’s Annual Base Salary (the “Annual Bonus”)Salary. Any Annual Bonus approved Actual annual bonus amounts payable under this Section 2(b)(ii) shall be determined by the Board, Company in its sole discretion based on the Compensation Committee attainment of financial results and earnings targets for the Board and/or the CEO shall be paid at the same time annual bonuses are paid to other executives of the Company generally, subject to Executive’s continuous employment through the date of approvalfiscal year in question.

Appears in 2 contracts

Samples: Employment Agreement (PlayAGS, Inc.), Employment Agreement (AP Gaming Holdco, Inc.)

Annual Bonus. Executive shall will also be eligible to receive earn an annual discretionary bonus with a discretionary annual bonus based on Executive’s achievement of performance objectives as mutually agreed between Executive and the CEO, such bonus target amount equal to be targeted at 3550% of Executive’s Annual the Base Salary (the Annual Target Bonus”). Any Annual Bonus approved by The amount of this bonus, if any, will be determined in the Board, the Compensation Committee sole discretion of the Board and/or and based, in part, on Executive’s performance and the CEO shall be paid at the same time annual bonuses are paid to other executives performance of the Company generallyduring the calendar year. The Company will pay Executive this bonus, subject to if any, by no later than March 1st of the following calendar year. The bonus is not earned until paid and no pro-rated amount will be paid if Executive’s continuous employment through terminates for any reason prior to the date of approvalpayment date.

Appears in 2 contracts

Samples: Executive Employment Agreement (Keros Therapeutics, Inc.), Executive Employment Agreement (Keros Therapeutics, Inc.)

Annual Bonus. The Executive shall be eligible entitled to receive a discretionary an annual performance bonus based on Executive’s achievement a target of performance objectives as mutually agreed between Executive and the CEO, such bonus to be targeted at 3525% of Executive’s Annual Base Salary (his annual base salary, provided that the “Annual Bonus”). Any Annual Bonus approved Executive meets the performance goals established by the Board, the Corporation’s Board of Directors or Compensation Committee of the Board and/or the CEO shall be paid at the same time annual bonuses are paid to other executives of the Company generally, subject to Executive’s continuous employment through the date of approval.in its discretion. ​

Appears in 2 contracts

Samples: Employment Agreement (Village Bank & Trust Financial Corp.), Employment Agreement (Village Bank & Trust Financial Corp.)

Annual Bonus. Executive shall will be eligible to receive a discretionary for an annual target bonus based on Executive’s achievement of performance objectives as mutually agreed between Executive and the CEO, such bonus to be targeted at 35% fifty percent (50%) of Executive’s Annual Base Salary that may be awarded in cash and/or equity at the Company’s discretion. The actual bonus paid, if any, shall be based on the attainment of Company and individual Executive performance objectives established by the Compensation Committee (the “Annual Bonus”). Any If earned, the Annual Bonus approved will be paid in the year following the year to which such Annual Bonus relates, provided the Executive remains continuously employed by the Board, Company through the Compensation Committee last day of the Board and/or the CEO shall be paid at the same time annual bonuses are paid to other executives of the Company generally, subject to Executive’s continuous employment through the date of approvalapplicable bonus period.

Appears in 2 contracts

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

Annual Bonus. Executive shall be eligible to receive a discretionary annual bonus based on Executive’s achievement of performance objectives as mutually agreed between Executive and established by the CEOBoard, such bonus to be targeted at 35% [__]%3 of Executive’s Annual Base Salary (the “Annual Bonus”). Any Annual Bonus approved by the Board, the Compensation Committee of the Board and/or the CEO shall be paid at the same time annual bonuses are paid to other executives of the Company generally, subject to Executive’s continuous employment through the date of approval.

Appears in 2 contracts

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

Annual Bonus. The Executive shall be eligible to receive a discretionary an annual bonus based on Executive’s achievement of performance objectives in accordance with the Company's annual incentive compensation program, as mutually agreed between Executive and the CEO, such bonus it may be modified from time to be targeted at 35% of Executive’s Annual Base Salary (the “Annual Bonus”). Any Annual Bonus approved time by the Board, . The Executive will be eligible to participate in the Compensation Committee Company's annual incentive compensation program with a target bonus opportunity of 25% of his annual base salary and a maximum annual bonus opportunity of 50% of annual base salary. Any bonus awarded to the Board and/or the CEO Executive shall be paid in the same form and manner and at or around the same time annual bonuses as such bonus payments are paid made to other senior executives of the Company generally, subject to Executive’s continuous employment through the date of approvalCompany.

Appears in 2 contracts

Samples: Employment Agreement (Pacific Energy Partners Lp), Employment Agreement (Pacific Energy Partners Lp)

Annual Bonus. During the Term, Executive shall be eligible to receive a discretionary earn an annual bonus bonus, based on Executive’s achievement of performance objectives upon the achievement, as mutually agreed between Executive and determined by the CEO, such bonus to be targeted at 35% of Executive’s Annual Base Salary (the “Annual Bonus”)Company in its sole discretion. Any Annual Bonus approved by the Board, the Compensation Committee of the Board and/or the CEO such discretionary bonus shall be paid at no later than the same time annual bonuses are paid to other executives end of the first quarter of the calendar year following each year of the Term and shall be payable to Executive only if Executive continues to be employed by the Company generally, subject to Executive’s continuous employment through on the date of approvalday any such annual bonus is actually paid.

Appears in 2 contracts

Samples: Share Exchange Agreement (Composite Technology Corp), Executive Employment Agreement (Composite Technology Corp)

Annual Bonus. Executive shall be eligible to receive a discretionary annual bonus based on Executive’s achievement of performance objectives as mutually agreed between Executive and established by the Board, its Compensation Committee and/or the CEO, such bonus to be targeted at 3530% of Executive’s Annual Base Salary (the “Annual Bonus”). Any Annual Bonus approved by the Board, the Compensation Committee of the Board and/or the CEO shall be paid at the same time annual bonuses are paid to other executives of the Company generally, subject to Executive’s continuous employment through the date of approval.

Appears in 2 contracts

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

Annual Bonus. In addition to his Base Salary, Executive shall be eligible to receive a an annual discretionary annual bonus (the “Bonus”) during the Term, based on Executive’s achievement of performance objectives as mutually agreed between Executive and criteria determined by the CEOBoard in its sole discretion, such bonus in amount equal to be targeted at 35up to 100% of Executive’s Annual Base Salary (base salary for the “Annual Bonus”). Any Annual Bonus approved by the Board, the Compensation Committee of the Board and/or the CEO shall be paid at the same time annual bonuses are paid to other executives of the Company generally, subject to Executive’s continuous employment through the date of approvalthen current fiscal year.

Appears in 2 contracts

Samples: Employment Agreement (Edison Nation, Inc.), Employment Agreement (Edison Nation, Inc.)

Annual Bonus. Executive shall also be eligible to receive a discretionary receive, in addition to the Base Salary, an annual bonus based on Executive’s achievement of performance objectives as mutually agreed between Executive and the CEO, such bonus having a target amount equal to be targeted at 35% of Executive’s Annual Base Salary (the Annual Target Bonus”). Any Annual Bonus approved , with the actual amount being determined by the Board, the Compensation Committee of the Board and/or in its discretion taking into account the CEO shall be paid at the same time annual bonuses are paid to other executives of the Company generally, subject to Company’s performance and Executive’s continuous employment through individual performance. In order to receive a Target Bonus, Executive must be employed by Employer on the date of approvalthe bonus is paid.

Appears in 2 contracts

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

Annual Bonus. In addition to Executive’s Base Salary, during the Term, Executive will be eligible to earn an annual discretionary performance-based bonus, with a target bonus opportunity equal to 30% of the Base Salary. Performance metrics with respect to said bonus will be determined by the Board or the compensation committee of the Board. Executive shall be eligible to receive a discretionary for said bonus only if Executive is employed on the last day of the performance period. Any earned annual bonus based on Executive’s achievement of performance objectives as mutually agreed between Executive and the CEO, such bonus to will be targeted at 35% of Executive’s Annual Base Salary (the “Annual Bonus”). Any Annual Bonus approved paid by the Board, the Compensation Committee March 15th of the Board and/or year following the CEO shall be paid at year in which the same time annual bonuses are paid to other executives of the Company generally, subject to Executive’s continuous employment through the date of approvalapplicable performance period ends.

Appears in 2 contracts

Samples: Executive Employment Agreement (Edge Therapeutics, Inc.), Executive Employment Agreement (Edge Therapeutics, Inc.)

Annual Bonus. Executive shall be eligible to receive a discretionary for an annual bonus based on Executive’s achievement of performance objectives as mutually agreed between Executive and the CEO, such bonus up to be targeted at 3540% of Executive’s Annual Base Salary (the “Annual Bonus”). Any Annual Bonus approved based on performance criteria set by the BoardChief Executive Officer of Company and Compensation Committee and to otherwise participate in Company’s annual bonus plan or plans applicable to Executive, all as approved from time to time by the Compensation Committee of in amounts to be determined by the Board and/or Compensation Committee based upon criteria established by the CEO shall be paid at the same time annual bonuses are paid to other executives of the Company generally, subject to Executive’s continuous employment through the date of approvalCompensation Committee.

Appears in 2 contracts

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

Annual Bonus. In addition to Executive’s Base Salary, during the Term, Executive will be eligible to earn an annual discretionary performance-based bonus, with a target bonus opportunity equal to 25% of the Base Salary. Performance metrics with respect to said bonus will be determined by the Board or the compensation committee of the Board. Executive shall be eligible to receive a discretionary for said bonus only if Executive is employed on the last day of the performance period. Any earned annual bonus based on Executive’s achievement of performance objectives as mutually agreed between Executive and the CEO, such bonus to will be targeted at 35% of Executive’s Annual Base Salary (the “Annual Bonus”). Any Annual Bonus approved paid by the Board, the Compensation Committee March 15th of the Board and/or year following the CEO shall be paid at year in which the same time annual bonuses are paid to other executives of the Company generally, subject to Executive’s continuous employment through the date of approvalapplicable performance period ends.

Appears in 2 contracts

Samples: Executive Employment Agreement (Edge Therapeutics, Inc.), Executive Employment Agreement (Edge Therapeutics, Inc.)

Annual Bonus. Executive shall be eligible to receive a discretionary annual bonus based on Executive’s achievement of performance objectives as mutually agreed between Executive and established by the Board or the Compensation Committee of the Board in consultation with the CEO, such bonus to be targeted at 3540% of Executive’s Annual Base Salary (the “Annual Bonus”). Any Annual Bonus approved by the Board, Board or the Compensation Committee of the Board and/or the CEO shall be paid at the same time annual bonuses are paid to other executives of the Company generally, subject to Executive’s continuous employment through the date of approval.

Appears in 2 contracts

Samples: Employment Agreement (Gritstone Oncology, Inc.), Employment Agreement (Gritstone Oncology, Inc.)

Annual Bonus. Executive shall be eligible to receive a discretionary annual bonus based on Executive’s achievement of performance objectives as mutually agreed between Executive and in accordance with the CEOterms set forth by the Board, such bonus target to be targeted at 35equal to 40% of Executive’s Annual Base Salary (the “Annual Bonus”). Any Annual Bonus approved by the Board, the Compensation Committee of the Board and/or the CEO shall earned will be paid at the same time annual bonuses are paid to other executives of the Company generally, subject to Executive’s continuous employment through the date of approvalany limitations on payment as set forth in Section 6.

Appears in 2 contracts

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

Annual Bonus. Executive shall be eligible to receive for and the Board of Directors may, in its sole discretion, award Executive a discretionary annual bonus (the "Annual Bonus") based on Executive’s achievement upon the attainment of performance objectives as mutually agreed between Executive targets and other reasonable criteria established by the CEO, such bonus to be targeted at 35% Board of Executive’s Annual Base Salary (the “Annual Bonus”)Directors. Any The Annual Bonus approved by the Board, the Compensation Committee of the Board and/or the CEO shall be paid to Executive at the same time annual bonuses are it is paid to other executives of the Company generallyeligible employees. Except as specifically set forth in this Agreement, subject to Executive’s continuous employment through Executive must be employed on the date of approvalthe bonus is paid in order to earn the Annual Bonus.

Appears in 2 contracts

Samples: Employment Agreement (Enhance Biotech Inc), Employment Agreement (Enhance Biotech Inc)

Annual Bonus. Executive shall be eligible to receive a discretionary annual bonus based on Executive’s achievement of performance objectives as mutually agreed between Executive and established by the Board, its Compensation Committee and/or the CEO, such bonus to be targeted at 35% of Executive’s Annual Base Salary (the “Annual Bonus”). Any Annual Bonus approved by the Board, the Compensation Committee of the Board and/or the CEO shall be paid at the same time annual bonuses are paid to other executives of the Company generally, subject to Executive’s continuous employment through the date of approval.

Appears in 2 contracts

Samples: Employment Agreement (Revolution Medicines, Inc.), Employment Agreement (Revolution Medicines, Inc.)

Annual Bonus. Executive shall be eligible to receive an annual discretionary bonus targeted at one hundred percent (100%) of Executive's then-current Minimum Base Salary. Executive's eligibility for a discretionary annual bonus based on Executive’s achievement of performance objectives as mutually agreed between Executive and the CEOamount of the bonus, such bonus to if any, shall be targeted at 35% of Executive’s Annual Base Salary (the “Annual Bonus”). Any Annual Bonus approved determined by the BoardBoard of Directors in its sole discretion, the Compensation Committee of the Board and/or the CEO shall be paid at the same time annual bonuses are paid to other executives of the Company generally, subject to Executive’s continuous employment through the date of approvalor by any committee or officer having authority over executive compensation.

Appears in 2 contracts

Samples: Executive Employment Agreement (Mylan Laboratories Inc), Executive Employment Agreement (Mylan Laboratories Inc)

Annual Bonus. Executive shall may be eligible to receive a discretionary earn an annual bonus relating to each fiscal year, based on Executive’s the achievement of performance objectives as mutually agreed between Executive individual and Company written goals established on an annual basis by the CEO. If Executive meets the applicable goals, such then Executive may be awarded a bonus for that year up to be targeted at 3545% of Executive’s Annual his or her then-current Base Salary (the Annual Target Bonus”). Any Annual Bonus approved by Such bonus is wholly discretionary, and is dependent on several factors including the Board, the Compensation Committee performance of the Board and/or the CEO shall be paid at the same time annual bonuses are paid company. Executive is not entitled to other executives a bonus solely as result of the Company generally, subject to Executive’s continuous employment through the date of approvalmeeting his or her goals.

Appears in 1 contract

Samples: Executive Employment Agreement (Kindred Biosciences, Inc.)

Annual Bonus. During the Employment Period, Executive shall will be eligible entitled to receive a discretionary an annual bonus based (payable in cash and/or equity of the Company) on Executive’s achievement the same basis as other senior executives commensurate with his position with the Company to be determined in the discretion of performance objectives as mutually agreed between Executive and the CEOCompany. The target for the value of the annual bonus will be no less than $1,500,000 (but, such bonus to will be targeted at 35% of Executive’s Annual Base Salary (the “Annual Bonus”). Any Annual Bonus approved by the Board, the Compensation Committee discretion of the Board and/or the CEO shall be paid at the same time annual bonuses are paid to other executives of the Company generally, subject to Executive’s continuous employment through the date of approvalCompany).

Appears in 1 contract

Samples: Employment Agreement (Vornado Realty Trust)

Annual Bonus. Executive shall be eligible to receive a discretionary annual bonus based on Executive’s achievement of performance objectives as mutually agreed between Executive and established by the CEOCompany, such bonus to be targeted at 3560% of Executive’s Annual Base Salary (the “Annual Bonus”). Any Annual Bonus approved by the Board, the Compensation Committee of the Board and/or the CEO shall be paid at the same time annual bonuses are paid to other executives of the Company generally, subject to Executive’s continuous employment through the date of approval. The Annual Bonus shall be prorated in the case Executive commences employment subsequent to the start of the fiscal year.

Appears in 1 contract

Samples: Employment Agreement (Paragon 28, Inc.)

Annual Bonus. Executive shall be eligible to receive a discretionary annual bonus based on Executive’s achievement of performance objectives as mutually agreed between Executive and established by [the CEO,] the Board and/or the Committee, such bonus to be targeted at 35[ ]% of Executive’s Annual Base Salary (the “Annual Bonus”). Any Annual Bonus approved by [the Board, the Compensation Committee of CEO,] the Board and/or the CEO Committee shall be paid at the same time annual bonuses are paid to other executives of the Company generally, subject to Executive’s continuous employment through the date of approval, and, in any event, by March 15th of the year following the year to which such Annual Bonus relates.

Appears in 1 contract

Samples: Employment Agreement (Amplitude, Inc.)

Annual Bonus. Executive shall be eligible to receive a discretionary annual bonus based on Executive’s achievement of performance objectives as mutually agreed between Executive and established by the Board, its Compensation Committee and/or the CEO, such bonus to be targeted at 35% of Executive’s Annual Base Salary (the “Annual Bonus”). Any Annual Bonus approved by the Board, Board or the Compensation Committee of the Board and/or the CEO shall be paid at the same time annual bonuses are paid to other executives of the Company generally, subject to Executive’s continuous employment through the date of approval.

Appears in 1 contract

Samples: Employment Agreement (Annexon, Inc.)

Annual Bonus. The Executive may be entitled to receive an annual incentive bonus in an amount up to forty percent (40%) of the Base Salary Rate. The award of a bonus as well as the actual bonus amount, if any, payable to the Executive shall be eligible determined by the Company in its sole discretion, depending upon the Executive’s attainment of individual and the Company performance objectives. The Executive’s annual bonus, if any, generally will be paid no later than March 15th of the year following the calendar year to which the performance objectives relate. In order to receive a discretionary annual bonus based on Executive’s achievement of performance objectives as mutually agreed between Executive and the CEO, such bonus to be targeted at 35% of Executive’s Annual Base Salary (the “Annual Bonus”). Any Annual Bonus approved by the Boardany bonus, the Compensation Committee of the Board and/or the CEO shall Executive must be paid at the same time annual bonuses are paid to other executives of the Company generally, subject to Executive’s continuous employment employed through the date of approvalthat such bonus is paid.

Appears in 1 contract

Samples: Executive Employment Agreement (Bridgeway National Corp.)

Annual Bonus. Executive shall be eligible to receive a have an annual discretionary annual bonus based on Executive’s achievement opportunity of performance objectives as mutually agreed between Executive and the CEO, such bonus to be targeted at 35% One Hundred percent (100%) of Executive’s then-current Minimum Annual Base Salary (the “Annual Bonus”). Any Annual Bonus approved Salary, to be paid upon satisfaction of certain criteria established by the Board, the Compensation Committee of the Board and/or the CEO shall be paid at the same time annual bonuses are paid to of Directors, or by any other executives of the Company generally, subject to Executive’s continuous employment through the date of approvalcommittee or officer having authority over executive compensation.

Appears in 1 contract

Samples: Executive Employment Agreement (Mylan Laboratories Inc)

Annual Bonus. During the Employment Term, the Executive shall be eligible to receive a discretionary for an annual bonus of up to 60% of his Salary based on Executive’s achievement of minimum performance objectives as mutually agreed between Executive and the CEO, such bonus standards to be targeted at 35% determined on an annual basis by management of Executive’s Annual Base Salary Employer (the “Annual Bonus”). Any The Employer shall pay the Executive the Annual Bonus approved by the Board, the Compensation Committee of the Board and/or the CEO shall be paid at the same time annual bonuses are paid to other executives of the Company generally, subject to Executive’s continuous employment through the date of approvalconsistent with its normal bonus practices.

Appears in 1 contract

Samples: Employment Agreement (Measurement Specialties Inc)

Annual Bonus. Executive shall also be eligible to receive a discretionary receive, in addition to the Base Salary, an annual bonus based on Executive’s achievement of performance objectives as mutually agreed between Executive and the CEO, such bonus having a target amount equal to be targeted at 3540% of Executive’s Annual 's Base Salary ("Target Bonus"), with the “Annual Bonus”). Any Annual Bonus approved actual amount being determined by the Board, the Compensation Committee of the Board and/or in its discretion taking into account the CEO shall Company's performance and Executive's individual performance. In order to receive a Target Bonus, Executive must be paid at the same time annual bonuses are paid to other executives of the Company generally, subject to Executive’s continuous employment through employed by Employer on the date of approvalthe bonus is paid.

Appears in 1 contract

Samples: Employment Agreement (Macrogenics Inc)

Annual Bonus. The Executive shall be eligible to receive a discretionary an annual bonus based on Executive’s achievement representing up to thirty-five percent (35%) of performance objectives as his Base Salary, the whole subject to attainment of certain milestones mutually agreed between upon annually by the Executive and the CEO, such . To be eligible to any bonus to be targeted at 35% of Executive’s Annual Base Salary (the “Annual Bonus”). Any Annual Bonus approved by the Boardhereunder, the Compensation Committee of the Board and/or the CEO shall Executive must actively be paid at the same time annual bonuses are paid to other executives of the Company generally, subject to Executive’s continuous employment through employed on the date of approvalthe bonus is paid.

Appears in 1 contract

Samples: Employment Agreement (Enerkem Inc.)

Annual Bonus. During Executive’s employment pursuant to this Agreement, Executive shall be eligible to receive a discretionary annual bonus based on Executive’s achievement of performance objectives bonus, payable at such times and in such amounts as mutually agreed between Executive and the CEO, such bonus to be targeted at 35% of Executive’s Annual Base Salary (the “Annual Bonus”). Any Annual Bonus approved by the Board, the Compensation Committee of the Board and/or the CEO shall be paid at the same time annual bonuses are paid to other executives of the Company generally, subject to Executive’s continuous employment through the date of approvaldetermine.

Appears in 1 contract

Samples: Employment Agreement (Moregain Pictures, Inc.)

Annual Bonus. During the Term, Executive shall be eligible to receive a discretionary annual bonus based on Executive’s 's achievement of performance objectives as mutually agreed between Executive and determined by the CEOCompensation Committee, such bonus to be targeted at 3550% of Executive’s 's Annual Base Salary (the "Annual Bonus"). Any Annual Bonus approved by the Board, the Compensation Committee of the Board and/or the CEO shall be paid at the same time annual bonuses are paid to other executives of the Company generally, subject to Executive’s 's continuous employment through the date of approvalpayment.

Appears in 1 contract

Samples: Employment Agreement (Seelos Therapeutics, Inc.)

Annual Bonus. Executive shall also be eligible to receive a discretionary for an annual bonus equal to an amount as reviewed and approved by the Company’s Compensation Committee, which shall be based on Executivethe condition of Employer’s achievement business and results of performance objectives as mutually agreed between Executive and operations, the CEO, such bonus to be targeted at 35% Compensation Committee’s evaluation of Executive’s Annual Base Salary (individual performance for the “Annual Bonus”). Any Annual Bonus approved relevant period, and the satisfaction of goals that may be established by the Board, the Compensation Committee and/or the Board of Directors of the Board and/or the CEO Employer. Any annual bonus shall be paid at in the same time annual bonuses are paid to other executives Compensation Committee’s and Board of the Company generally, subject to ExecutiveDirector’s continuous employment through the date of approvaldiscretion.

Appears in 1 contract

Samples: Executive Employment Agreement (Disaboom, Inc.)

Annual Bonus. Executive shall will be eligible to receive an annual performance bonus with a discretionary annual bonus based on Executive’s achievement target amount of performance objectives as mutually agreed between Executive and the CEO, such bonus to be targeted at 3550% of Executive’s Annual Base Salary base salary (the “Annual Bonus”). Any Annual Bonus approved payments will be determined in the discretion of the Board and will be subject to achievement of any applicable performance milestones or other terms and conditions determined by the Board, . The Annual Bonus will be payable as soon as practicable following the Compensation Committee end of the Board and/or calendar year to which the CEO shall be paid at the same time annual bonuses are paid to other executives of the Company generallybonus relates, subject to Executive’s continuous continued employment through on the date of approvalpayment date.

Appears in 1 contract

Samples: Executive Employment Agreement (Accel Entertainment, Inc.)

Annual Bonus. The Executive shall be eligible to receive a discretionary an annual bonus based on Executive’s the achievement of individual and Company performance objectives as mutually agreed between Executive and objectives. The amount of the CEO, such annual bonus to will be targeted at 3550% of the Executive’s Annual 's Base Salary (Salary, but will be granted solely at the “Annual Bonus”). Any Annual Bonus approved by discretion of the Board, the Compensation Committee of the Board and/or the CEO shall be paid at the same time annual bonuses are paid to other executives of the Company generally, subject to Executive’s continuous employment through the date of approval.

Appears in 1 contract

Samples: Employment Agreement (Beacon Power Corp)

Annual Bonus. Executive shall be eligible to receive a discretionary annual bonus based on Executive’s achievement of performance objectives as mutually agreed between Executive and the CEOBOD, such bonus to be targeted at 35% forty percent (40%) of Executive’s Annual Base Salary (the “Annual Bonus”). Any Annual Bonus approved by the Board, BOD and/or the Compensation Committee of the Board and/or the CEO BOD shall be paid at the same time annual bonuses are paid to other executives of the Company generally, subject to Executive’s continuous employment through the date of approval.

Appears in 1 contract

Samples: Employment Agreement (Inhibitor Therapeutics, Inc.)

Annual Bonus. Executive shall be eligible to receive a discretionary annual bonus based on Executive’s achievement of performance objectives as mutually agreed between Executive and established by the CEOCompany, such bonus to be targeted at 3550% of Executive’s Annual Base Salary (the “Annual Bonus”). Any Annual Bonus approved by the Board, the Compensation Committee of the Board and/or the CEO shall be paid at the same time annual bonuses are paid to other executives of the Company generally, subject to Executive’s continuous employment through the date of approval. For calendar year 2023, Executive’s earned Annual Bonus (if any) shall be pro-rated based on service from the Effective Date through year-end.

Appears in 1 contract

Samples: Employment Agreement (Paragon 28, Inc.)

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Annual Bonus. In addition to Executive’s base salary, Executive shall may be eligible to receive a an additional discretionary annual bonus based on Executive’s achievement of performance objectives up to forty-five percent (45%) of his then in effect base salary, prorated for partial years of service, as mutually agreed between Executive and the CEO, such bonus to be targeted at 35% of Executive’s Annual Base Salary (the “Annual Bonus”). Any Annual Bonus approved determined by the Board, the Compensation Committee of the Board and/or of Directors in accordance with the CEO shall Company’s cash bonus plan for executives then in effect and in its sole discretion (“Target Bonus”). Executive acknowledges that although a discretionary bonus may be paid at provided by the same time annual bonuses are paid to other executives of the Company generallyCompany, subject to Executive’s continuous employment through the date of approvalany such bonus is neither required nor guaranteed by this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Avid Bioservices, Inc.)

Annual Bonus. During the Employment Period, Executive shall will be eligible entitled to receive a discretionary an annual bonus based (payable in cash and/or equity of the Company) on Executive’s achievement the same basis as other senior executives commensurate with his position with the Company to be determined in the discretion of performance objectives as mutually agreed between Executive and the CEOCompany. The target for the value of the annual bonus will be $1,000,000 (but, such bonus to will be targeted at 35% of Executive’s Annual Base Salary (the “Annual Bonus”). Any Annual Bonus approved by the Board, the Compensation Committee discretion of the Board and/or the CEO shall be paid at the same time annual bonuses are paid to other executives of the Company generally, subject to Executive’s continuous employment through the date of approvalCompany).

Appears in 1 contract

Samples: Employment Agreement (Vornado Realty Trust)

Annual Bonus. Executive shall may be eligible to receive a discretionary annual bonus earn an Annual Bonus relating to each fiscal year, based on Executive’s the achievement of performance objectives as mutually agreed between Executive individual and Company written goals established on an annual basis by the CEO. If the Executive meets the applicable goals, such then the Executive may be awarded a bonus for that year up to be targeted at 3530% of Executive’s Annual then-current Base Salary (Salary. Such bonus is wholly discretionary, and is dependent on several factors including the “Annual Bonus”). Any Annual Bonus approved by the Board, the Compensation Committee performance of the Board and/or the CEO shall be paid at the same time annual bonuses are paid company. The Executive is not entitled to other executives a bonus solely as result of the Company generally, subject to Executive’s continuous employment through the date of approvalmeeting her goals.

Appears in 1 contract

Samples: Employment Agreement (Kindred Biosciences, Inc.)

Annual Bonus. The Executive shall be eligible to receive a discretionary an annual incentive bonus based on Executive’s achievement of performance objectives as mutually agreed between Executive and the CEO, such bonus to be targeted at 35% of Executive’s Annual Base Salary (the “Annual Bonus”). Any Annual Bonus approved ) based on certain criteria and corporate objectives similar to the objectives established by the Board, Board for the Compensation Committee CEO. The Bonus target shall be twenty-five percent (25%) of the Board and/or the CEO shall Executive’s Base Salary and be paid at to the same time Executive on an annual bonuses are paid to other executives of the Company generallybasis, subject to Executive’s continuous employment through the date of approvalall appropriate legally required tax deductions.

Appears in 1 contract

Samples: Employment Agreement (Andover Medical, Inc.)

Annual Bonus. The Executive shall be eligible to receive a discretionary an annual bonus based on Executive’s achievement of performance objectives as mutually agreed between Executive and the CEO, such bonus to be targeted at 35% of Executive’s Annual Base Salary (the “"Annual Bonus"), as reasonably determined by the Company’s Board of Directors and/or Compensation Committees. Any The Annual Bonus approved by the Board, the Compensation Committee of the Board and/or the CEO shall be paid at the same time annual bonuses are paid to other executives of by the Company generally, subject to Executive’s continuous employment through the date of approvalExecutive promptly after determination.

Appears in 1 contract

Samples: Employment Agreement (BIT ORIGIN LTD)

Annual Bonus. Executive shall be eligible to receive a discretionary annual bonus based on Executive’s achievement of performance objectives as mutually agreed between Executive and established by the Board, its Compensation Committee and/or the CEO, such bonus to be targeted at 35% 35_% of Executive’s Annual Base Salary (the “Annual Bonus”). Any Annual Bonus approved by the Board, the Compensation Committee of the Board and/or the CEO shall be paid at the same time annual bonuses are paid to other executives of the Company generally, subject to Executive’s continuous employment through the date of approval.

Appears in 1 contract

Samples: Employment Agreement (Revolution Medicines, Inc.)

Annual Bonus. Executive shall be eligible to receive a discretionary annual bonus based on Executive’s achievement of performance objectives as mutually agreed between Executive and established by the Board, its Compensation Committee and/or the CEO, such bonus to be targeted at 35% forty percent (40%) of Executive’s Annual Base Salary (the “Annual Bonus”). Any Annual Bonus approved by the Board, the Compensation Committee of the Board and/or the CEO shall be paid at the same time annual bonuses are paid to other executives of the Company generally, subject to Executive’s continuous employment through the date of approval.

Appears in 1 contract

Samples: Employment Agreement (IDEAYA Biosciences, Inc.)

Annual Bonus. Executive shall be eligible to receive a have an annual discretionary annual bonus based on Executive’s achievement opportunity of performance objectives as mutually agreed between Executive and the CEO, such bonus to be targeted at 35% one hundred percent (100%) of Executive’s then-current Annual Base Salary (the “Annual Bonus”). Any Annual Bonus approved Salary, to be paid upon satisfaction of certain criteria established by the Board, the Compensation Committee of the Board and/or the CEO of Directors, or by any other committee or officer having authority over executive compensation. Such bonus shall be paid at the same time annual bonuses are paid to other executives no later than March 15th of the Company generally, year following the year in which the annual award is no longer subject to Executive’s continuous employment through the date a substantial risk of approvalforfeiture.

Appears in 1 contract

Samples: Executive Employment Agreement (Mylan Inc.)

Annual Bonus. The Executive shall be eligible entitled to receive a discretionary be paid an annual incentive bonus based on in cash in an amount of up to 100% of the Executive’s achievement Salary based upon satisfaction of performance objectives as mutually agreed between Executive performance-related milestones, determined by the Board of Directors and the CEOExecutive, such bonus to be targeted at 35% of Executive’s Annual Base Salary (the “Annual Bonus”). Any Annual Bonus approved by the Board, the Compensation Committee of the Board and/or the CEO shall be paid at the same time annual bonuses are paid to other executives of the Company generally, and subject to Executive’s continuous employment through the date additional provisions of approvalExhibit A-1.

Appears in 1 contract

Samples: Employment Agreement (Mandalay Digital Group, Inc.)

Annual Bonus. Executive shall be eligible to receive a discretionary annual bonus based on Executive’s achievement of performance objectives as mutually agreed between Executive and established by the Board, its Compensation Committee and/or the CEO, such bonus to be targeted at 35% twenty-five percent (25%) of Executive’s Annual Base Salary (the “Annual Bonus”). Any Annual Bonus approved by the Board, the Compensation Committee of the Board and/or the CEO shall be paid at the same time annual bonuses are paid to other executives of the Company generally, subject to Executive’s continuous employment through the date of approval.

Appears in 1 contract

Samples: Employment Agreement (IDEAYA Biosciences, Inc.)

Annual Bonus. Executive shall be eligible to receive a for an annual discretionary annual bonus based on Executive’s achievement opportunity of performance objectives as mutually agreed between Executive and the CEO, such bonus to be targeted at 35% one hundred percent (100%) of Executive’s then-current Annual Base Salary (the “Annual Bonus”). Any Annual Bonus approved Salary, to be paid upon satisfaction of certain criteria established by the Board, the Compensation Committee of the Board and/or the CEO of Directors, or by any other committee or officer having authority over executive compensation. Such bonus shall be paid at the same time annual bonuses are paid to other executives no later than March 15th of the Company generally, year following the year in which the annual award is no longer subject to Executive’s continuous employment through the date a substantial risk of approvalforfeiture.

Appears in 1 contract

Samples: Executive Employment Agreement (Mylan Inc.)

Annual Bonus. Executive shall be eligible to receive a discretionary annual bonus based on Executive’s achievement of performance objectives as mutually agreed between Executive and the CEOBOD, such bonus to be targeted at 35% fifty percent (50%) of Executive’s Annual Base Salary (the “Annual Bonus”). Any Annual Bonus approved by the Board, BOD and/or the Compensation Committee of the Board and/or the CEO BOD shall be paid at the same time annual bonuses are paid to other executives of the Company generally, subject to Executive’s continuous employment through the date of approval.

Appears in 1 contract

Samples: Employment Agreement (Inhibitor Therapeutics, Inc.)

Annual Bonus. The Executive shall will be eligible to receive for a discretionary annual bonus based on Executive’s achievement for each fiscal year of performance objectives as mutually agreed between the Company. Whether to grant Executive and the CEO, amount of any such bonus to business shall be targeted at 35% within the sole discretion of Executive’s Annual Base Salary (the “Annual Bonus”). Any Annual Bonus Compensation Committee based on objective or subjective criteria established and approved by the Board, the Compensation Committee of the Board and/or the CEO shall be paid at the same time annual bonuses are paid to other executives of the Company generally, subject to Board. The Executive’s continuous employment through the date target bonus (“Target Bonus”) will be equal to one hundred percent (100%) of approvalhis then-applicable Base Salary as in effect during each fiscal year.

Appears in 1 contract

Samples: Employment Agreement (Byrna Technologies Inc.)

Annual Bonus. Executive shall will be eligible to receive for a discretionary annual bonus ("Bonus") with target payout of fifty percent (50%) of Executive's Base Salary. Actual Bonus payout will be based on Executive’s the achievement of performance Company, business unit or division financial and/or operational business objectives as mutually agreed between Executive and the CEO, such bonus to be targeted at 35% of Executive’s Annual Base Salary (the “Annual Bonus”). Any Annual Bonus approved established by the Board, the Compensation Committee for any given calendar year and an evaluation of Executive's contribution toward the achievement of such objectives and individual performance, as determined in the sole discretion of the Board and/or the CEO shall be paid at the same time annual bonuses are paid to other executives of the Company generally, subject to Executive’s continuous employment through the date of approvalCompensation Committee.

Appears in 1 contract

Samples: Employment Agreement (Tilray, Inc.)

Annual Bonus. Executive shall have an annual discretionary target bonus opportunity equal to $100,000, to be eligible paid upon satisfaction of certain criteria established by the Compensation Committee and subject to receive a discretionary the terms of any annual bonus based on Executive’s achievement of performance objectives as mutually agreed between Executive and plan established by the CEOCompensation Committee, such or by any other committee or officer having authority over executive compensation. Such bonus to be targeted at 35% of Executive’s Annual Base Salary (the “Annual Bonus”). Any Annual Bonus approved by the Board, the Compensation Committee of the Board and/or the CEO ) shall be paid at in accordance with the same time terms of any annual bonuses are paid to other executives of the Company generally, subject to Executive’s continuous employment through the date of approvalbonus plan governing such Annual Bonus.

Appears in 1 contract

Samples: Employment Agreement (Varonis Systems Inc)

Annual Bonus. Executive shall be eligible to receive a discretionary annual bonus based on Executive’s achievement of performance objectives as mutually agreed between Executive and established by the Board, its Compensation Committee and/or the CEO, such bonus to be targeted at 35% 40_% of Executive’s Annual Base Salary (the “Annual Bonus”). Any Annual Bonus approved by the Board, the Compensation Committee of the Board and/or the CEO shall be paid at the same time annual bonuses are paid to other executives of the Company generally, subject to Executive’s continuous employment through the date of approval.

Appears in 1 contract

Samples: Employment Agreement (Revolution Medicines, Inc.)

Annual Bonus. Executive shall may be eligible to receive a discretionary earn an annual bonus relating to each fiscal year, based on Executive’s the achievement of performance objectives as mutually agreed between Executive individual and Company written goals established on an annual basis by the CEO. If Executive meets the applicable goals, such then Executive may be awarded a bonus for that year up to be targeted at 3540% of Executive’s Annual his or her then-current Base Salary (the Annual Target Bonus”). Any Annual Bonus approved by Such bonus is wholly discretionary, and is dependent on several factors including the Board, the Compensation Committee performance of the Board and/or the CEO shall be paid at the same time annual bonuses are paid company. Executive is not entitled to other executives a bonus solely as result of the Company generally, subject to Executive’s continuous employment through the date of approvalmeeting his or her goals.

Appears in 1 contract

Samples: Executive Employment Agreement (Kindred Biosciences, Inc.)

Annual Bonus. Executive shall be eligible to receive a discretionary for an annual bonus based on Executive’s achievement of performance objectives as mutually agreed between Executive and the CEO, such bonus up to be targeted at 35100% of Executive’s Annual Base Salary (the “Annual Bonus”). Any Annual Bonus approved based on performance criteria set by the Board, the Compensation Committee of the Board and/or the CEO shall be paid at the same time and to otherwise participate in Company’s annual bonuses are paid to other executives of the Company generally, subject bonus plan or plans applicable to Executive, all as approved from time to time by the Compensation Committee in amounts to be determined by the Compensation Committee based upon criteria established by the Compensation Committee. The performance criteria for Executive’s continuous annual bonus during the first full year of employment through the date of approvalis set forth in Appendix “A” attached hereto.

Appears in 1 contract

Samples: Employment Agreement (West Texas Resources, Inc.)

Annual Bonus. Executive shall be eligible to receive a discretionary annual bonus based on Executive’s achievement of performance objectives as mutually agreed between Executive and established by the Board, its Compensation Committee and/or the CEO, such bonus to be targeted at 3540% of Executive’s Annual Base Salary (the “Annual Bonus”). Any Annual Bonus approved by the Board, the Compensation Committee of the Board and/or the CEO shall be paid at the same time annual bonuses are paid to other executives of the Company generally, subject to Executive’s continuous employment through the date of approval.

Appears in 1 contract

Samples: Employment Agreement (Eargo, Inc.)

Annual Bonus. Executive shall be eligible to receive a discretionary an annual bonus during the Employment Period with an annual target bonus equal to 80% of Annual Base Salary, based on ExecutiveCompany and individual performance and subject to the discretion of the Company’s achievement board of performance objectives as mutually agreed between Executive and the CEO, such bonus to be targeted at 35% of Executive’s Annual Base Salary directors (the “Annual BonusBoard of Directors). Any Annual Bonus approved by the Board, the Compensation Committee of the Board and/or the CEO shall be paid at the same time annual bonuses are paid to other executives of the Company generally, subject to Executive’s continuous employment through the date of approval) or a committee thereof.

Appears in 1 contract

Samples: Employment Agreement (Lordstown Motors Corp.)

Annual Bonus. Following the end of each fiscal year and subject to the approval of the Board, the Executive shall be eligible to receive a discretionary annual retention and performance bonus based on Executive’s achievement of performance objectives as mutually agreed between Executive and the CEO, such bonus to be targeted at 35% of Executive’s Annual Base Salary (the “Annual Bonus”). Any The target amount of such Annual Bonus approved will be 35% of the Executive’s then current Base Salary (the “Target Bonus”), based on the Company’s performance and the Executive’s individual performance during the applicable fiscal year, as determined by the Board, the Compensation Committee of the Board and/or the CEO shall in its sole discretion. The Executive must be paid at the same time annual bonuses are paid to other executives an active employee of the Company generally, subject to Executive’s continuous employment through on the date of approvalany Annual Bonus is distributed in order to be eligible for and to earn any bonus award, as it also serves as an incentive to remain employed by the Company.

Appears in 1 contract

Samples: Employment Agreement (Achillion Pharmaceuticals Inc)

Annual Bonus. Executive shall have an annual discretionary target bonus opportunity equal to $160,000, to be eligible paid upon satisfaction of certain criteria established by the Compensation Committee and subject to receive a discretionary the terms of any annual bonus based on Executive’s achievement of performance objectives as mutually agreed between Executive and plan established by the CEOCompensation Committee, such or by any other committee or officer having authority over executive compensation. Such bonus to be targeted at 35% of Executive’s Annual Base Salary (the “Annual Bonus”). Any Annual Bonus approved by the Board, the Compensation Committee of the Board and/or the CEO ) shall be paid at in accordance with the same time terms of any annual bonuses are paid to other executives of the Company generally, subject to Executive’s continuous employment through the date of approvalbonus plan governing such Annual Bonus.

Appears in 1 contract

Samples: Employment Agreement (Varonis Systems Inc)

Annual Bonus. Executive shall be eligible to receive a discretionary annual bonus based on Executive’s achievement of performance objectives as mutually agreed between Executive and the CEOBoard, such bonus to be targeted at 3550% of Executive’s Annual Base Salary (the “Annual Bonus”). Any Annual Bonus approved by the Board, Board and/or the Compensation Committee of the Board and/or the CEO shall be paid at the same time annual bonuses are paid to other executives of the Company generally, subject to Executive’s continuous employment through the date of approval.

Appears in 1 contract

Samples: Employment Agreement (Gritstone Oncology, Inc.)

Annual Bonus. Executive shall will also be eligible to receive earn an annual discretionary bonus with a discretionary annual bonus based on Executive’s achievement of performance objectives as mutually agreed between Executive and the CEO, such bonus target amount equal to be targeted at 3540% of Executive’s Annual the Base Salary (the Annual Target Bonus”). Any Annual Bonus approved by The amount of this bonus, if any, will be determined in the Board, the Compensation Committee of the Board and/or the CEO shall be paid at the same time annual bonuses are paid to other executives sole discretion of the Company generallyand based, subject to in part, on Executive’s continuous performance and the performance of the Company during the calendar year. The Company will pay Executive this bonus, if any, by no later than March 15th of the following calendar year. The bonus is not earned until paid and no pro-rated amount will be paid if Executive’s employment through terminates for any reason prior to the date of approvalpayment date.

Appears in 1 contract

Samples: Executive Employment Agreement (X4 Pharmaceuticals, Inc)

Annual Bonus. Executive shall be eligible to receive a discretionary annual bonus based on Executive’s achievement of performance objectives as mutually agreed between Executive and established by the Board, its Compensation Committee and/or the CEO, such bonus to be targeted at thirty-five percent (35% %) of Executive’s Annual Base Salary (the “Annual Bonus”). Any Annual Bonus approved by the Board, the Compensation Committee of the Board and/or the CEO shall be paid at the same time annual bonuses are paid to other executives of the Company generally, subject to Executive’s continuous employment through the date of approval.

Appears in 1 contract

Samples: Employment Agreement (IDEAYA Biosciences, Inc.)

Annual Bonus. The Executive shall be eligible entitled to receive a discretionary be paid an annual incentive bonus based on in cash in an amount of up to 100% of the Executive’s achievement Salary based upon satisfaction of performance objectives as mutually agreed between Executive performance-related milestones, determined by the Board of Directors and the CEOExecutive, such bonus to be targeted at 35% of Executive’s Annual Base Salary (the “Annual Bonus”). Any Annual Bonus approved by the Board, the Compensation Committee of the Board and/or the CEO shall be paid at the same time annual bonuses are paid to other executives of the Company generally, and subject to Executive’s continuous employment through the date additional provisions of approval.Exhibit A.

Appears in 1 contract

Samples: Employment Agreement (Mandalay Digital Group, Inc.)

Annual Bonus. While employed hereunder, the Executive shall be eligible considered for an annual incentive bonus (“Annual Bonus”) that is targeted to receive be equal to 70% of his annual Base Salary, with a discretionary maximum bonus opportunity of 100% of annual bonus Base Salary, based on Executive’s upon the achievement of performance objectives as mutually agreed between Executive and established by the CEO, such bonus to be targeted at 35% Board or the compensation committee of Executive’s Annual Base Salary the Board (the “Annual BonusCompensation Committee”). Any Notwithstanding the foregoing, for calendar year 2003 the Company agrees to pay the Executive an Annual Bonus approved by the Board, the Compensation Committee of the Board and/or the CEO shall be paid at the same time annual bonuses are paid to other executives of the Company generally, subject to Executive’s continuous employment through the date of approvalno less than $93,333.

Appears in 1 contract

Samples: Employment Agreement (Digital Insight Corp)

Annual Bonus. During the Term, Executive shall be eligible to receive a discretionary annual bonus based on Executive’s achievement of performance objectives as mutually agreed between Executive and determined by the CEOCompensation Committee, such bonus to be targeted at 3550% of Executive’s Annual Base Salary (the “Annual Bonus”). Any Annual Bonus approved by the Board, the Compensation Committee of the Board and/or the CEO shall be paid at the same time annual bonuses are paid to other executives of the Company generally, subject to Executive’s continuous employment through the date of approvalpayment.

Appears in 1 contract

Samples: Employment Agreement (Seelos Therapeutics, Inc.)

Annual Bonus. The Executive shall will be eligible to receive a discretionary annual bonus based on for each fiscal year of the Company at a target level of one hundred percent (100%) of the Executive’s achievement of performance objectives as mutually agreed between Executive and the CEO, such bonus to be targeted at 35% of Executive’s Annual weighted average Base Salary for such fiscal year (the “Annual Bonus”). Any The actual Annual Bonus approved by awarded will range from zero to two hundred percent (200%) of the BoardExecutive’s weighted average Base Salary and will depend upon the Company’s financial performance, the Executive’s merit performance and such other factors as the Compensation Committee of the Board and/or the CEO shall be paid at the same time annual bonuses are paid to other executives of the Company generally, subject to Executive’s continuous employment through the date of approvalmay determine.

Appears in 1 contract

Samples: Employment Agreement (Ameristar Casinos Inc)

Annual Bonus. Executive shall may be eligible to receive a discretionary annual bonus earn an Annual Bonus elating to each fiscal year, based on Executive’s the achievement of performance objectives as mutually agreed between Executive individual and Company written goals established on an annual basis by the CEO. If the Executive meets the applicable goals, such then the Executive may be awarded a bonus for that year up to be targeted at 3530% of Executive’s Annual her then-current Base Salary (Salary. Such bonus is wholly discretionary, and is dependent on several factors including the “Annual Bonus”). Any Annual Bonus approved by the Board, the Compensation Committee performance of the Board and/or the CEO shall be paid at the same time annual bonuses are paid company. The Executive is not entitled to other executives a bonus solely as result of the Company generally, subject to Executive’s continuous employment through the date of approvalmeeting her goals.

Appears in 1 contract

Samples: Employment Agreement (Kindred Biosciences, Inc.)

Annual Bonus. Executive shall be eligible to receive a discretionary for an annual bonus based on Executive’s achievement of performance objectives as mutually agreed between Executive and the CEO, such bonus up to be targeted at 35% of Executive’s Annual Base Salary (the “Annual Bonus”). Any Annual Bonus approved based on performance criteria set by the BoardChief Executive Officer of Company and Compensation Committee and to otherwise participate in Company’s annual bonus plan or plans applicable to Executive, all as approved from time to time by the Compensation Committee of in amounts to be determined by the Board and/or Compensation Committee based upon criteria established by the CEO shall be paid at the same time annual bonuses are paid to other executives of the Company generally, subject to Executive’s continuous employment through the date of approvalCompensation Committee.

Appears in 1 contract

Samples: Employment Agreement (Atomera Inc)

Annual Bonus. Executive shall be eligible to receive a an annual discretionary annual bonus based on Executive’s achievement of performance objectives as mutually agreed between Executive and the CEO, such bonus to be targeted at 35% one hundred percent (100%) of Executive’s Annual then-current Minimum Base Salary (Salary. Executive’s eligibility for a bonus and the “Annual Bonus”). Any Annual Bonus approved amount of the bonus, if any, shall be determined by the BoardBoard of Directors in its sole discretion, the Compensation Committee of the Board and/or the CEO shall be paid at the same time annual bonuses are paid to other executives of the Company generally, subject to Executive’s continuous employment through the date of approvalor by any committee or officer having authority over executive compensation.

Appears in 1 contract

Samples: Executive Employment Agreement (Mylan Laboratories Inc)

Annual Bonus. Executive shall be eligible to receive a discretionary earn an annual bonus based on Executive’s achievement of performance objectives as mutually agreed between Executive and the CEO, such bonus to be targeted at 35% of Executive’s Annual Base Salary (the “Annual Bonus”). Any Annual Bonus approved by , at a level that, in the Board, sole discretion of the Compensation Committee of the Board and/or Board, is commensurate with the CEO shall be paid at bonuses offered to executives having the same time annual bonuses are paid to other executives or similar duties and responsibilities as those of Executive at companies of similar size, scope, and business and financial condition as that of the Company generallyCompany, subject to Executive’s continuous employment through the date of approvalas more fully described below.

Appears in 1 contract

Samples: 2006 Employment Agreement (Smart & Final Inc/De)

Annual Bonus. Executive shall be eligible entitled to receive a discretionary target annual bonus based on Executive’s achievement of performance objectives as mutually agreed between Executive and the CEO, such bonus equivalent to be targeted at 35% thirty percent (30%) of Executive’s Annual Base Salary (the “Annual Bonus”). Any , which Annual Bonus approved by shall be awarded, if at all, at the Board, the Compensation Committee discretion of the Board and/or based upon metrics to be mutually agreed upon by Executive and the CEO Board. The Annual Bonus shall be paid determined at the same time annual bonuses are paid to other executives conclusion of each calendar year and shall be paid, if at all, no later than March 31 of the Company generally, subject year following the year to Executive’s continuous employment through which the date of approvalAnnual Bonus relates.

Appears in 1 contract

Samples: Employment Agreement (Vascular Biogenics Ltd.)

Annual Bonus. Executive shall have an annual discretionary target bonus opportunity equal to $110,000, to be eligible paid upon satisfaction of certain criteria established by the Compensation Committee and subject to receive a discretionary the terms of any annual bonus based on Executive’s achievement of performance objectives as mutually agreed between Executive and plan established by the CEOCompensation Committee, such or by any other committee or officer having authority over executive compensation. Such bonus to be targeted at 35% of Executive’s Annual Base Salary (the “Annual Bonus”). Any Annual Bonus approved by the Board, the Compensation Committee of the Board and/or the CEO ) shall be paid at in accordance with the same time terms of any annual bonuses are paid to other executives of the Company generally, subject to Executive’s continuous employment through the date of approvalbonus plan governing such Annual Bonus.

Appears in 1 contract

Samples: Employment Agreement (Varonis Systems Inc)

Annual Bonus. Executive shall be eligible to receive a discretionary earn an annual bonus based on Executive’s achievement of performance objectives as mutually agreed between Executive and the CEO, such bonus to be targeted at 35% of Executive’s Annual Base Salary (the “Annual Bonus”). Any Annual Bonus approved by , at a level that, in the Board, sole and absolute discretion of the Compensation Committee of the Board and/or Board, is commensurate with the CEO shall be paid at bonuses offered to executives having the same time annual bonuses are paid to other executives or similar duties and responsibilities as those of Executive at companies of similar size, scope, business and financial condition as that of the Company generallyCompany, subject to Executive’s continuous employment through the date of approvalas more fully described below.

Appears in 1 contract

Samples: Employment Agreement (Smart & Final Inc/De)

Annual Bonus. Executive shall be eligible to receive a discretionary bonus pursuant to an annual bonus performance based on incentive compensation program to be established by the Board, with Executive’s achievement of performance objectives as mutually agreed between Executive and the CEO, such bonus annual target to be targeted at 35no less than 110% of Executive’s Annual then Base Salary (Salary; provided, however, that Company reserves the “Annual Bonus”)right to establish a lesser target if done in good faith and as a result of Company’s legitimate business needs. Any Annual Bonus approved by the Board, the Compensation Committee Payment of the Board and/or the CEO any bonus described in this Section 5.b. shall be paid at according to the same time annual bonuses are paid to other executives of the Company generally, established plan and subject to Executive’s continuous continued employment by Company through the date of approvalthe bonus is paid pursuant to the annual incentive compensation program.

Appears in 1 contract

Samples: Employment Agreement (Compass Minerals International Inc)

Annual Bonus. Executive shall may be eligible to receive a discretionary for consideration for an annual bonus based on Executive’s achievement of performance objectives as mutually agreed between Executive and the CEO, such bonus to be targeted at 35% awarded in the discretion of the Company. The Annual Bonus is payable only if Executive is employed with the Company as of the date the Annual Bonus is paid by the Company; if the Executive’s Annual Base Salary (employment terminates before the “Annual Bonus”). Any Annual Bonus approved by the Boardis paid, the Compensation Committee of the Board and/or the CEO shall be paid at the same time annual bonuses are paid to other executives of the Company generally, subject to Executive’s continuous employment through the date of approvalExecutive will not receive a prorated bonus.

Appears in 1 contract

Samples: Executive Employment Agreement (Threshold Pharmaceuticals Inc)

Annual Bonus. In addition to Basic Compensation, the Executive shall receive such annual bonuses as shall be eligible awarded to receive a discretionary annual bonus based on Executive’s achievement of performance objectives as mutually agreed between Executive and the CEO, such bonus to be targeted at 35% of Executive’s Annual Base Salary (the “Annual Bonus”). Any Annual Bonus approved him by the Board, the Compensation Committee of based upon his performance and the Board and/or the CEO Corporation's performance. Each such annual bonus shall be paid at within a reasonable time after the same time annual bonuses are paid to other executives end of the Company generallyfiscal year for which the annual bonus is awarded, subject unless the Executive shall elect to Executive’s continuous employment through defer the date receipt of approvalsuch annual bonus.

Appears in 1 contract

Samples: Employment Agreement (Digitec 2000 Inc)

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