2019 Bonus. The Company will have paid Executive a cash lump sum payment in the amount of $380,000 (the “2019 Bonus”) on or before January 23, 2019. Executive agrees that in the event Executive’s employment with the Company terminates for any reason other than a Qualifying Termination before December 31, 2019 (the “Completion Date”), Executive will be required to repay to the Company within ten (10) days of such termination 100% of the After-Tax Value of the 2019 Bonus. Notwithstanding anything to the contrary contained herein, in the event of Executive’s Qualifying Termination before the Completion Date, Executive will not be required to repay any portion of the 2019 Bonus. For purposes of this Section 2(d), (i) “After-Tax Value of the 2019 Bonus” means the aggregate amount of the 2019 Bonus net of any taxes withheld by the Company in respect of the 2019 Bonus and (ii) “Qualifying Termination” means the termination of Executive’s employment (A) by the Company for a reason other than Cause, (B) by Executive for Good Reason, or (C) due to Executive’s death or Disability.
2019 Bonus. The Company also will pay you a bonus for your 2019 services (the “Bonus Payment”) equal to $133,877, calculated as follows: $180,915 (representing the actual 2018 Bonus paid) multiplied by .740 (representing a prorated portion (270/365 days) for the period of employment in 2019). The Bonus Payment will be paid to you no later than the time 2019 bonuses are paid to other executives, and in any event not later than March 15, 2020.
2019 Bonus. The Company shall pay You a prorated 2019 bonus (calculated from November 1, 2019, the equivalent of 10/12th of the annual 2019 bonus) of 60% of Your annual base salary based upon the achievement of the 2019 Objectives and the determination of the Board of Directors of the final 2019 corporate bonus payout, payable by check in a lump sum no later than April 1, 2020;
2019 Bonus. You will remain eligible for payment opportunity under the terms of the Houghton Mifflin Harcourt Company 2019 Bonus Plan – US, ELT- Corporate segment (“Bonus Plan”), to the extent the terms of the plan so provide, except that the eligibility requirement that you be employed on the date that bonuses are paid shall be waived. You shall receive full target payment (10%) under the Discretionary Component of the Plan. The determination of the amount of payment, if any, and timing of any payment will be made at the time and in accordance with the terms of the Bonus Plan. Any such payment will be subject to required and authorized withholdings and deductions. You acknowledge and agree that the Bonus Plan identified above is the only incentive, commission, or bonus plan in which you are currently a participant.
2019 Bonus. For fiscal year ending December 31, 2019, the Company shall pay to Executive a one-time bonus of $25,000.00 in addition to any Discretionary Bonus. Executive will have the option to accept this bonus in a single lump-sum cash payment or by being issued an amount of registered non-restricted common stock with equivalent value.
2019 Bonus. You shall be eligible for a 2019 bonus. The award of any bonus and the amount is in the sole discretion of the Board of Directors of ArQule, and will be determined based on the typical procedures for determining the bonuses of ArQule senior executives and employees (i.e., target bonus amount (in your case, 40% of base salary) times a percentage based on the scoring of corporate goals by the CN&G committee and endorsed by the board at its January, 2020 meeting), and any bonus awarded would be paid when such bonuses are paid to other ArQule employees, expected to occur during Q1 of 2020. In addition, to the extent that any such bonus is awarded, the total amount thereof would be prorated at 25% of such amount. You hereby acknowledge that the award of and dollar amount of any 2020 bonus is uncertain and is not guaranteed.
2019 Bonus. The Company will pay to the Executive a pro-rated annual bonus for 2019 equal to $144,000, less all applicable taxes and withholdings and other applicable deductions, to be paid at the same time annual bonuses are paid by the Company to other executives of the Company for fiscal year 2019, but in no event later than March 15, 2020.
2019 Bonus. For fiscal year ending December 31, 2019, the Company shall pay to Employee a one-time bonus in the amount of $250,000 in addition to any discretionary bonus.
2019 Bonus. On or before March 15, 2020, the Company shall provide Executive with a bonus payment for calendar year 2019 equal to 35% of Executive’s current base salary (the “2019 Target Bonus”), less all applicable taxes and withholdings; provided, however, and for the avoidance of doubt, that if the Separation Date occurs prior to December 31, 2019, the 2019 Target Bonus shall be pro-rated to reflect the partial year of service by multiplying such 2019 Target Bonus by a fraction, the numerator of which is the number of days Executive was employed during 2019 and the denominator of which is 365 (the “Pro-rated 2019 Target Bonus”). Notwithstanding the foregoing, should the Separation Date occur during the Protected Period, Executive shall receive, for calendar year 2019, in lieu of the 2019 Target Bonus (or in lieu of the Pro-rated 2019 Target Bonus, if the Separation Date occurs prior to December 31, 2019), an amount equal to one and one-half times the 2019 Target Bonus (or one and one-half times the Pro-rated 2019 Target Bonus, if the Separation Date occurs prior to December 31, 2019).
2019 Bonus. You shall be eligible to receive an annual short-term incentive bonus in respect of the full 2019 fiscal year as if you had continued to be employed through the end of the fiscal year, based on the achievement of actual performance, less applicable tax withholdings, pursuant to the Company’s Executive Incentive Plan (the “Bonus Plan”), notwithstanding any terms of the Bonus Plan to the contrary. Such bonus shall be paid as of no later than March 15, 2020. Your target bonus for the 2019 fiscal year is $520,000.
