Annual Bonus. Executive will be eligible to earn an Annual Bonus relating to each fiscal year, based on the achievement of individual and Company goals. Based on the achievement of the goals, then the Executive may be awarded a bonus for that year up to 30% of then-current Base Salary. Such bonus is wholly discretionary, and is dependent on several factors including the performance of the company. The Executive is not entitled to a bonus solely as result of meeting his goals.
Appears in 8 contracts
Samples: Employment Agreement, Employment Agreement (Kindred Biosciences, Inc.), Employment Agreement (Kindred Biosciences, Inc.)
Annual Bonus. Executive will shall be eligible to earn an 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 relating to each fiscal yearapproved by the Board, based on the achievement of individual and Company goals. Based on the achievement Compensation Committee of the goals, then Board and/or the Executive may CEO shall be awarded a bonus for that year up paid at the same time annual bonuses are paid to 30% of then-current Base Salary. Such bonus is wholly discretionary, and is dependent on several factors including the performance other executives of the company. The Executive is not entitled Company generally, subject to a bonus solely as result Executive’s continuous employment through the date of meeting his goalsapproval.
Appears in 7 contracts
Samples: Employment Agreement (Gritstone Oncology, Inc.), Employment Agreement (Gritstone Oncology, Inc.), Employment Agreement (Gritstone Oncology, Inc.)
Annual Bonus. During the Term, Executive will shall be eligible to earn receive an Annual Bonus relating to each fiscal year, annual bonus based on upon the achievement of individual performance goals established from year to year by the Chief Executive Officer and Company goalsPresident (the “Annual Bonus”). Based on the achievement Any Annual Bonus that becomes payable to Executive shall be paid by March 15th of the goals, then the Executive may be awarded a bonus for that fiscal year up to 30% of then-current Base Salary. Such bonus is wholly discretionary, and is dependent on several factors including the performance of the company. The Executive is not entitled Bank immediately following the year to a bonus solely as result of meeting his goalswhich such Annual Bonus relates.
Appears in 6 contracts
Samples: Employment Agreement (Prime Meridian Holding Co), Employment Agreement (Prime Meridian Holding Co), Employment Agreement (Prime Meridian Holding Co)
Annual Bonus. Executive will shall be eligible entitled to earn an Annual Bonus relating bonuses with respect to each fiscal year (or partial fiscal year), based on upon Executive’s and the Company’s achievement of individual and performance objectives set by the Company goals. Based on within the achievement first three (3) months of each fiscal year of the goalsEmployment Period, then with a target bonus of 100% of Executive’s Base Salary for such fiscal year (or partial fiscal year). Any such bonus earned by the Executive may shall be awarded a bonus for that year up to 30% of then-current Base Salary. Such bonus is wholly discretionary, and is dependent on several factors including the performance paid annually by March 15 of the company. The Executive is not entitled to a year following the end of the year for which the bonus solely as result of meeting his goalswas earned.
Appears in 6 contracts
Samples: Employment Agreement (RLJ Lodging Trust), Employment Agreement (Walker & Dunlop, Inc.), Employment Agreement (Walker & Dunlop, Inc.)
Annual Bonus. Executive will shall be eligible to earn an Annual Bonus relating to each fiscal year, receive a discretionary annual bonus based on the Executive’s achievement of individual performance objectives as mutually agreed between Executive and Company goals. Based on the achievement of the goalsCEO, then the Executive may such bonus target to be awarded a bonus for that year up equal to 30% of then-current Executive’s Annual Base SalarySalary (the “Annual Bonus”). Such bonus is wholly discretionary, and is dependent on several factors including Any Annual Bonus earned will be paid at the performance same time annual bonuses are paid to other executives of the company. The Executive is not entitled Company generally, subject to a bonus solely any limitations on payment as result of meeting his goalsset 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 will shall be eligible entitled to earn an Annual Bonus relating bonuses with respect to each fiscal year (or partial fiscal year), based on upon Executive’s and the Company’s achievement of individual and performance objectives set by the Company goals. Based on within the achievement first three (3) months of each fiscal year of the goalsEmployment Period, then with a target bonus of 125% of Executive’s Base Salary for such fiscal year (or partial fiscal year). Any such bonus earned by the Executive may shall be awarded a bonus for that year up to 30% of then-current Base Salary. Such bonus is wholly discretionary, and is dependent on several factors including the performance paid annually by March 15 of the company. The Executive is not entitled to a year following the end of the year for which the bonus solely as result of meeting his goalswas earned.
Appears in 5 contracts
Samples: Employment Agreement (RLJ Lodging Trust), Employment Agreement (RLJ Lodging Trust), Employment Agreement (RLJ Lodging Trust)
Annual Bonus. Executive will be eligible to earn receive an annual bonus (“Annual Bonus relating to each fiscal year, Bonus”) based on the achievement of individual and Company goals. Based on the achievement a percentage of the goals, then the Executive may be awarded a bonus for that year up to 30% of then-current Annual Base Salary. Such bonus is wholly discretionary, and is dependent on several factors including The Board will set the performance specific amount of the companyAnnual 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). The Executive is not entitled to Board may pay the Bonus on a bonus solely as result of meeting his goalsquarterly 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. With respect to each fiscal year ending during the Employment Term, Executive will shall be eligible to earn an annual bonus award (an “Annual Bonus relating to each fiscal year, Bonus”) based on upon the achievement of individual and Company goals. Based on certain performance targets, as reasonably established by the Board in good faith, after consultation with Executive; provided, however, that Executive shall have a target Annual Bonus of 60% of the Base Salary, subject to Executive’s achievement of the goals, then the Executive may be awarded a bonus for that year up to 30% of then-current Base Salary. Such bonus is wholly discretionary, and is dependent on several factors including the such performance of the company. The Executive is not entitled to a bonus solely as result of meeting his goalstargets.
Appears in 4 contracts
Samples: Employment Agreement (Superior Essex Inc), Employment Agreement (Superior Essex Inc), Employment Agreement (Superior Essex Inc)
Annual Bonus. With respect to each fiscal year during the Employment Term, Executive will shall be eligible to earn an annual bonus award (an "Annual Bonus") in such amount, if any, as determined in the sole discretion of the Compensation Committee of the Board; provided, however, that the Annual Bonus relating to for each such fiscal yearyear shall be at least $1,000,000 (the "Target Annual Bonus") and no greater than $5,000,000; provided, based on further, however, that the achievement of individual and Company goals. Based on the achievement of the goals, then the Executive may Annual Bonus for fiscal year 2004 shall be awarded a bonus for that year up to 30% of then-current Base Salary. Such bonus is wholly discretionary, and is dependent on several factors including the performance of the company. The Executive is not entitled to a bonus solely as result of meeting his goals$1,000,000.
Appears in 4 contracts
Samples: Employment Agreement (Cohen & Steers Inc), Employment Agreement (Cohen & Steers Inc), Employment Agreement (Cohen & Steers Inc)
Annual Bonus. With respect to each full fiscal year during the Employment Term, Executive will shall be eligible to earn an annual bonus award (an "Annual Bonus relating to each fiscal year, based on Bonus") of one hundred percent (100%) of Executive's Base Salary (the "Target Annual Bonus") upon the achievement of individual and Company goalsperformance goals established by the Board. Based on the achievement of the goals, then the Executive may be awarded entitled to greater Annual Bonus for performance in excess targeted performance goals or a bonus lesser Annual Bonus for that year up to 30% of then-current Base Salary. Such bonus is wholly discretionaryperformance which does not meet such targeted performance goals, and is dependent on several factors including in each case in the performance discretion of the company. The Executive is not entitled to a bonus solely as result of meeting his goalsBoard.
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. With respect to each fiscal year ending during the Employment Term, Executive will shall be eligible to earn an annual bonus award (an "Annual Bonus relating to each fiscal year, Bonus") based on upon the achievement of individual and Company goals. Based on certain performance targets, as reasonably established by the Board in good faith, after consultation with Executive; provided, however, that Executive shall have a target Annual Bonus of 50% of the Base Salary, subject to Executive's achievement of the goals, then the Executive may be awarded a bonus for that year up to 30% of then-current Base Salary. Such bonus is wholly discretionary, and is dependent on several factors including the such performance of the company. The Executive is not entitled to a bonus solely as result of meeting his goalstargets.
Appears in 3 contracts
Samples: Employment Agreement (Superior Essex Inc), Employment Agreement (Superior Essex Inc), Employment Agreement (Superior Essex Inc)
Annual Bonus. Executive will shall be eligible entitled to earn an Annual Bonus relating bonuses with respect to each fiscal calendar year of the Employment Period (or partial calendar year), based on upon Executive’s and the Company’s achievement of individual and performance objectives set by the Company goals. Based on the achievement (“Annual Bonus”), with a target bonus (“Target Bonus”) of the goals, then the Executive may be awarded a bonus for that year up to 30100% of then-current Executive’s Base Salary. Such bonus is wholly discretionary, and is dependent on several factors including Any such Annual Bonus earned by the performance Executive shall be paid annually by March 15 of the company. The Executive is not entitled to a bonus solely as result year following the end of meeting his goalsthe year for which the Annual Bonus was earned.
Appears in 3 contracts
Samples: Employment Agreement (Walker & Dunlop, Inc.), Employment Agreement (Walker & Dunlop, Inc.), Employment Agreement (Walker & Dunlop, Inc.)
Annual Bonus. The Executive will be eligible to earn an annual bonus (the “Annual Bonus”) for each fiscal year completed during the Executive’s employment hereunder. The actual amount of any Annual Bonus relating to each fiscal yearwill be determined by the Board in its discretion, based on financial, operational, individual and/or other targets established by the achievement of individual and Company goalsBoard. Based on the achievement of the goalsIn order to be eligible to receive any Annual Bonus hereunder, then the Executive may must be awarded a bonus for that year up to 30% of then-current Base Salary. Such bonus employed through the date such Annual Bonus is wholly discretionarypaid, and is dependent on several factors including the performance of the company. The Executive is not entitled to a bonus solely except as result of meeting his goalsotherwise provided in Section 5.2.
Appears in 3 contracts
Samples: Employment Agreement (Astra Space, Inc.), Employment Agreement (Astra Space, Inc.), Employment Agreement (Astra Space, Inc.)
Annual Bonus. Executive will The Employer shall determine an annual bonus payable to Executive, the amount of which shall be eligible to earn an Annual Bonus relating to based upon the financial goals and the division goals of the Employer, and the personal goals of Executive, all as established by mutual agreement at the beginning of each fiscal year, based on the achievement of individual and Company goals. Based on the achievement The annual bonus shall be not less than 33 1/3% of the goals, then Annual Base Salary in effect for the Executive may period for which the annual bonus is to be awarded a paid. The annual bonus for that the previous fiscal year up to 30% shall be paid no later than October 31 of then-current Base Salary. Such bonus is wholly discretionary, and is dependent on several factors including each year during the performance of the company. The Executive is not entitled to a bonus solely as result of meeting his goalsterm.
Appears in 3 contracts
Samples: Employment Agreement (Mohegan Tribal Gaming Authority), Employment Agreement (Mohegan Tribal Gaming Authority), Employment Agreement (Mohegan Tribal Gaming Authority)
Annual Bonus. Beginning with the Company’s 2008 fiscal year and for each fiscal year thereafter during the Employment Term, the Executive will be eligible to earn receive an Annual Bonus relating annual bonus (the “Bonus”) of up to each twenty percent (20%) of the Executive’s Base Salary for such fiscal year, year based on upon the achievement of individual and Company goals. Based on the achievement of the goals, then certain financial or performance criteria to be mutually agreed upon by the Executive may be awarded a bonus for that year up to 30% of then-current Base Salary. Such bonus is wholly discretionary, and is dependent on several factors including the performance of the company. The Executive is not entitled to a bonus solely as result of meeting his goalsBoard.
Appears in 2 contracts
Samples: Employment Agreement (Veracyte, Inc.), Employment Agreement (Veracyte, Inc.)
Annual Bonus. Executive will may be eligible to earn an Annual Bonus relating to each fiscal year, based on the achievement of individual and Company goals. Based written goals established on an annual basis by the achievement Board within thirty (30) days of the beginning of the fiscal year. If the Executive meets the applicable goals, then the Executive may shall be awarded entitled to a target bonus for that year up equal to 3050% of his then-current Base Salary. Such bonus is wholly discretionary, and is dependent on several factors including The Board may in its discretion award the performance of the company. The Executive is not entitled to a bonus solely as result of meeting his goalsmore generous bonus.
Appears in 2 contracts
Samples: Employment Agreement (Kindred Biosciences, Inc.), Employment Agreement (Kindred Biosciences, Inc.)
Annual Bonus. Executive will may be eligible to earn an Annual Bonus annual bonus relating to each fiscal year, based on the achievement of individual and Company goalswritten goals established on an annual basis by the CEO. Based on If Executive meets the achievement of the applicable goals, then the Executive may be awarded a bonus for that year up to 30% of his or her then-current Base SalarySalary (“Target Bonus”). Such bonus is wholly discretionary, and is dependent on several factors including the performance of the company. The Executive is not entitled to a bonus solely as result of meeting his or her goals.
Appears in 2 contracts
Samples: Executive Employment Agreement (Kindred Biosciences, Inc.), Executive Employment Agreement (Kindred Biosciences, Inc.)
Annual Bonus. With respect to the first partial fiscal year and each full fiscal year during the Employment Term, Executive will shall be eligible to earn an annual bonus award (an “Annual Bonus relating Bonus”) equal to each fiscal year, up to fifty percent (50%) of Executive’s Base Salary (the “Target”) based on upon the achievement of individual and Company goals. Based on performance objectives established by the achievement of Board, as determined by the goals, then the Executive may be awarded a bonus for that year up to 30% of then-current Base Salary. Such bonus is wholly discretionary, and is dependent on several factors including the performance of the company. The Executive is not entitled to a bonus solely as result of meeting his goalsBoard.
Appears in 2 contracts
Samples: Employment Agreement (Polymer Holdings LLC), Employment Agreement (Kraton Polymers LLC)
Annual Bonus. With respect to each full fiscal year during the Employment Term, Executive will shall be eligible to earn an annual bonus award (an “Annual Bonus relating to each fiscal year, Bonus”) based on upon the achievement of individual and Company goals. Based on certain performance targets, as reasonably established by the Board in good faith, after consultation with Executive; provided, however, that Executive shall have a target Annual Bonus of 100% of the Base Salary, subject to Executive’s achievement of the goals, then the Executive may be awarded a bonus for that year up to 30% of then-current Base Salary. Such bonus is wholly discretionary, and is dependent on several factors including the such performance of the company. The Executive is not entitled to a bonus solely as result of meeting his goalstargets.
Appears in 2 contracts
Samples: Employment Agreement (Superior Essex Inc), Employment Agreement (Superior Essex Inc)
Annual Bonus. The Executive will shall be eligible given the opportunity to earn an Annual Bonus relating to annual incentive bonus for each fiscal year of the Company in accordance with the annual bonus plan and payment policies generally applicable to the Company’s officers, as the same may be in effect from time to time. The Executive’s target annual incentive bonus opportunity shall be no less than 45% of his base salary for such year, based on the achievement of individual and Company goals. Based on but shall be dependent upon the achievement of the goals, then the Executive may be awarded a bonus applicable performance goals established for that year up to 30% of then-current Base Salary. Such bonus is wholly discretionary, and is dependent on several factors including the performance of the company. The Executive is not entitled to a bonus solely as result of meeting his goalssuch year.
Appears in 2 contracts
Samples: Executive Employment Agreement (Nn Inc), Executive Employment Agreement (Nn Inc)
Annual Bonus. In addition to the Base Salary, Executive will shall be eligible entitled to earn receive an annual bonus (the "Annual Bonus relating Bonus") of up to each fiscal year, 25% of the Base Salary and based on the upon achievement of individual such goals and Company goals. Based on the achievement of the goals, then the Executive subject to such additional terms as may be awarded a bonus for that year up to 30% of then-current Base Salary. Such bonus is wholly discretionary, and is dependent on several factors including determined by the performance of the company. The Executive is not entitled to a bonus solely as result of meeting his goalsBoard.
Appears in 2 contracts
Samples: Employment Agreement (Astralis LTD), Employment Agreement (Astralis LTD)
Annual Bonus. With respect to each full fiscal year during the Employment Term, Executive will shall be eligible to earn an annual bonus award (an "Annual Bonus relating to each fiscal year, based on Bonus") of eighty percent (80%) of Executive's Base Salary (the "Target Annual Bonus") upon the achievement of individual and Company goalsperformance goals established by the Board. Based on the achievement of the goals, then the Executive may be awarded entitled to greater Annual Bonus for performance in excess targeted performance goals or a bonus lesser Annual Bonus for that year up to 30% of then-current Base Salary. Such bonus is wholly discretionaryperformance which does not meet such targeted performance goals, and is dependent on several factors including in each case in the performance discretion of the company. The Executive is not entitled to a bonus solely as result of meeting his goalsBoard.
Appears in 2 contracts
Samples: Employment Agreement (Wix Filtration Media Specialists, Inc.), Employment Agreement (Wix Filtration Media Specialists, Inc.)
Annual Bonus. During the Term, Executive will shall be eligible to earn an Annual Bonus relating to each fiscal yearannual bonus, based upon the achievement, as determined by the Company in its sole discretion. Any such discretionary bonus shall be paid no later than the 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 on the achievement of individual and Company goals. Based on the achievement of the goals, then the Executive may be awarded a bonus for that year up to 30% of then-current Base Salary. Such day any such annual bonus is wholly discretionary, and is dependent on several factors including the performance of the company. The Executive is not entitled to a bonus solely as result of meeting his goalsactually paid.
Appears in 2 contracts
Samples: Share Exchange Agreement (Composite Technology Corp), Executive Employment Agreement (Composite Technology Corp)
Annual Bonus. Executive will shall be eligible to earn an Annual Bonus relating annual bonus with respect to each fiscal yearyear of the Company ending during the Employment Term (pro-rated for any fractional years), with a target bonus opportunity of $125,000 (the “Target Bonus”). Such bonus shall be earned based on the achievement of individual and Company goalsperformance metrics established by the Board after consultation with Executive. Based on Any bonus, to the achievement extent earned, shall be paid promptly after delivery of the goals, then Company’s audited financial statements for the Executive may be awarded a bonus for that relevant performance year up to 30% of then-current Base Salary. Such bonus is wholly discretionary, and is dependent on several factors including the performance of the company. The if Executive is not entitled to a bonus solely as result of meeting his goalsemployed by the Company on such date.
Appears in 2 contracts
Samples: Employment Agreement (Vine Resources Inc.), Employment Agreement (Vine Resources Inc.)
Annual Bonus. Executive will may be eligible to earn an Annual Bonus relating to each fiscal year, based on the achievement of individual and Company goalswritten goals established on an annual basis by the CEO. Based on If the achievement of Executive meets the applicable goals, then the Executive may be awarded a bonus for that year up to 3025% of her then-current Base Salary. Such bonus is wholly discretionary, and is dependent on several factors including the performance of the company. The Executive is not entitled to a bonus solely as result of meeting his her goals.
Appears in 2 contracts
Samples: Employment Agreement (Kindred Biosciences, Inc.), Employment Agreement (Kindred Biosciences, Inc.)
Annual Bonus. With respect to each fiscal year of the Company ending during his employment, Executive will shall be eligible to earn an annual bonus (an “Annual Bonus”) of up to 40 percent of his Base Salary in an amount determined by the Board in its sole discretion. To receive any Annual Bonus relating to each otherwise earned for a given fiscal year, based on Executive must remain employed by the achievement Company through the last business day of individual and Company goalsthat year. Based on the achievement Any Annual Bonus earned by Executive will be paid no later than March 15 of the goals, then year following the Executive may be awarded a bonus for that year up to 30% of then-current Base Salary. Such bonus is wholly discretionary, and is dependent on several factors including the performance end of the company. The Executive is not entitled to a bonus solely as result of meeting his goalsapplicable fiscal year.
Appears in 2 contracts
Samples: Executive Employment Agreement (Angion Biomedica Corp.), Executive Employment Agreement (Angion Biomedica Corp.)
Annual Bonus. Executive will shall be eligible to earn receive an Annual Bonus relating annual performance-based bonus pursuant to each fiscal yearan annual managerial bonus plan to be established by the Company, with an annual target bonus equal to 50% of Executive’s Base Salary. Actual annual bonus amounts payable under this Section 2(b)(ii) shall be determined by the Company in its sole discretion based on the achievement attainment of individual financial results and Company goals. Based on earnings targets for the achievement of the goals, then the Executive may be awarded a bonus for that fiscal year up to 30% of then-current Base Salary. Such bonus is wholly discretionary, and is dependent on several factors including the performance of the company. The Executive is not entitled to a bonus solely as result of meeting his goalsin question.
Appears in 2 contracts
Samples: Employment Agreement (PlayAGS, Inc.), Employment Agreement (AP Gaming Holdco, Inc.)
Annual Bonus. The Executive will shall be eligible to earn receive an Annual Bonus relating annual bonus in an amount up to each fiscal year50% of the Executive’s Base Salary, which bonus shall be prorated for 2019 based on the portion of the year during which the Executive is employed by the Company. The amount of the annual bonus, if any, shall be determined by the Board in its sole discretion based upon achievement of individual and Company corresponding annual goals. Based on ; such annual goals shall be established by the achievement Board no later than the end of each first calendar quarter during the goals, then the Executive may be awarded a bonus for that year up to 30% term of then-current Base Salary. Such bonus is wholly discretionary, and is dependent on several factors including the performance of the company. The Executive is not entitled to a bonus solely as result of meeting his goals.this Agreement after
Appears in 1 contract
Annual Bonus. During the Term, the Executive will shall be eligible to earn an Annual Bonus relating to each fiscal yearannual cash bonus, based on upon the achievement of individual annual performance goals and Company goals. Based on objectives established by agreement between the Executive and the Board before March 1 of each calendar year; provided, however, that the Executive shall have a target annual bonus of 33% of his Base Salary (such amount being referred to herein as the “Target Bonus”), subject to the Executive’s achievement of the goals, then the Executive may be awarded a bonus for that year up to 30% of then-current Base Salary. Such bonus is wholly discretionary, and is dependent on several factors including the such performance of the company. The Executive is not entitled to a bonus solely as result of meeting his goals.
Appears in 1 contract
Samples: Employment Agreement (Manhattan Pharmaceuticals Inc)
Annual Bonus. Executive will be eligible to earn an Annual Bonus relating to Following the end of each fiscal year, based on the achievement Executive shall be eligible to receive an annual target bonus of individual and Company goals. Based on the achievement 50% of the goalsbase salary, then subject to his performance of specified objectives to be established by the Executive Board (or a designated committee thereof) each fiscal year. Actual bonus payout may be awarded a below or above the annual target bonus for that year up subject to 30% of then-current Base Salary. Such bonus is wholly discretionary, and is dependent on several factors including the performance of the company. The Executive is not entitled to a bonus solely as result of meeting his goalsperformance.
Appears in 1 contract
Samples: Employment Agreement (Invivo Therapeutics Holdings Corp.)
Annual Bonus. Executive will shall be eligible to earn receive an Annual Bonus relating annual bonus, with the annual bonus target to be 80% of his then Base Salary (i.e., 80% upon achievement of annual “target” performance goals), with the “target” based upon satisfaction of performance goals and bonus criteria to be defined and approved by the Compensation Committee of BHI’s Board of Directors for each fiscal year, based on . The Company shall pay any such annual bonus earned to Executive in accordance with the achievement of individual and Company goals. Based on the achievement terms of the goalsapplicable bonus plan, then but in no event later than March 15 of the Executive may be awarded a bonus for that calendar year up to 30% of then-current Base Salary. Such following the calendar year in which such bonus is wholly discretionary, and is dependent on several factors including the performance of the company. The Executive is not entitled to a bonus solely as result of meeting his goalsearned.
Appears in 1 contract
Annual Bonus. During the Term, the Executive will be eligible to earn an Annual Bonus relating receive annual bonuses based upon achieving annual financial plan and organization metrics to each be determined by the Board and the Chief Executive Officer, with a target bonus opportunity starting in fiscal year, based on the achievement of individual and Company goals. Based on the achievement of the goals, then the Executive may be awarded a bonus for that year up 2007 equal to 3060% of then-current Annual Base Salary. Such bonus is wholly discretionary, and is dependent on several factors including the performance of the company. The Executive is not entitled to a bonus solely as result of meeting his goals.
Appears in 1 contract
Samples: Employment Agreement (Wesco Aircraft Holdings, Inc)
Annual Bonus. With respect to each full fiscal year during the Executive's employment with the Company, Executive will shall be eligible to earn an annual bonus award (an "Annual Bonus relating Bonus") in an amount up to each fiscal year$50,000.00, based on as determined in the achievement of individual and Company goals. Based on the achievement sole discretion of the goals, then Company's Chief Executive Officer and subject to approval by the Executive may be awarded a bonus for that year up to 30% of then-current Base Salary. Such bonus is wholly discretionary, and is dependent on several factors including the performance Compensation Committee of the company. The Executive is not entitled to a bonus solely as result of meeting his goalsCompany.
Appears in 1 contract
Annual Bonus. Executive will have a target annual bonus of ------------ $225,000 (the "Annual Bonus"), to be eligible to earn an Annual Bonus relating to each fiscal year, earned based on the achievement of individual and Company goalsgroup performance objectives established from year to year by the Chief Executive Officer. Based on The Annual Bonus for fiscal year 2000 will be prorated from the achievement Effective Date to the end of the goals, then the Executive may be awarded a bonus for that Company's fiscal year up to 30% of then-current Base Salary. Such bonus is wholly discretionary, and is dependent on several factors including the performance of the company. The Executive is not entitled to a bonus solely as result of meeting his goals2000.
Appears in 1 contract
Samples: Employment Agreement (Mapics Inc)
Annual Bonus. Executive will shall be eligible entitled to earn an Annual Bonus relating bonuses with respect to each fiscal calendar year of the Employment Period (or partial calendar year), based on upon Executive’s and the Company’s achievement of individual and performance objectives set by the Company goals. Based on the achievement (“Annual Bonus”), with a target bonus (“Target Bonus”) of the goals, then the Executive may be awarded a bonus for that year up to 30125% of then-current Executive’s Base Salary. Such bonus is wholly discretionary, and is dependent on several factors including Any such Annual Bonus earned by the performance Executive shall be paid annually by March 15 of the company. The Executive is not entitled to a bonus solely as result year following the end of meeting his goalsthe year for which the Annual Bonus was earned.
Appears in 1 contract
Annual Bonus. For each fiscal year during the Term, Executive will shall be eligible to earn for an annual bonus (the “Annual Bonus relating to each fiscal year, Bonus”) based on the achievement satisfaction of individual and Company goals. Based on such business objectives and/or other criteria as determined in the achievement sole discretion of the goalsCommittee. The Annual Bonus shall be paid in accordance with the Company’s customary practices for payment of annual bonuses to senior executive employees, then subject to Executive’s continued employment through the Executive may be awarded a bonus for that year up to 30payment date. As of the Effective Date, the target Annual Bonus (the “Target Bonus”) is 50% of then-current Base Salary. Such bonus is wholly discretionary, and is dependent on several factors including the performance of the company. The Executive is not entitled to a bonus solely as result of meeting his goals.
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Annual Bonus. Executive will may be eligible to earn an Annual Bonus relating to each fiscal year, based on the achievement of individual and Company goalswritten goals established on an annual basis by the CEO. Based on If the achievement of Executive meets the applicable goals, then the Executive may be awarded a bonus for that year up to 30% of then-current Base Salary. Such bonus is wholly discretionary, and is dependent on several factors including the performance of the company. The Executive is not entitled to a bonus solely as result of meeting his her goals.
Appears in 1 contract
Annual Bonus. The Executive will shall be eligible to earn receive, in addition to his Base Salary, an Annual Bonus relating to each fiscal year, based on the achievement of individual and Company goalsAward. Based on the achievement The amount of the goalsAnnual Bonus Award, then if any, with respect to any fiscal year shall be based upon performance targets and award levels determined by the Executive may be awarded a Committee in its sole discretion, in accordance with the applicable annual bonus for that year up program(s) as in effect from time to 30% of then-current Base Salary. Such bonus is wholly discretionary, and is dependent on several factors including the performance of the company. The Executive is not entitled to a bonus solely as result of meeting his goalstime.
Appears in 1 contract
Annual Bonus. The Executive will shall be eligible to earn receive an Annual Bonus relating annual bonus representing up to each fiscal yearthirty-five percent (35%) of his Base Salary, based the whole subject to attainment of certain milestones mutually agreed upon annually by the Executive and the CEO. To be eligible to any bonus hereunder, the Executive must actively be employed on the achievement of individual and Company goals. Based on date the achievement of the goals, then the Executive may be awarded a bonus for that year up to 30% of then-current Base Salary. Such bonus is wholly discretionary, and is dependent on several factors including the performance of the company. The Executive is not entitled to a bonus solely as result of meeting his goalspaid.
Appears in 1 contract
Samples: Employment Agreement (Enerkem Inc.)
Annual Bonus. During the Term, Executive will be eligible shall have an opportunity to earn receive an Annual Bonus relating annual bonus (up to each fiscal year, a maximum of fifteen percent (15%) of Base Salary) based on upon the achievement of individual performance goals established from year to year by the Compensation Committee of the Board of Directors (the “Annual Bonus”), pursuant to the terms and Company goalsconditions of Employer’s standard cash incentive plan for Peer Executives. Based Except as otherwise provided by Employer, Executive must be employed by Employer on the achievement of date the goalsAnnual Bonus, then if any, is paid in order to receive the Executive may be awarded a bonus for that year up to 30% of then-current Base Salary. Such bonus is wholly discretionary, and is dependent on several factors including the performance of the company. The Executive is not entitled to a bonus solely as result of meeting his goalsAnnual Bonus.
Appears in 1 contract
Annual Bonus. The Executive will shall be eligible to earn receive an Annual Bonus relating to each fiscal year, annual bonus based on the achievement of individual and Company goalsperformance objectives. Based on the achievement The amount of the goals, then the Executive may annual bonus will be awarded a bonus for that year up to 30targeted at 50% of then-current the Executive's Base Salary. Such bonus is wholly discretionary, and is dependent on several factors including but will be granted solely at the performance discretion of the company. The Executive is not entitled to a bonus solely as result of meeting his goalsBoard.
Appears in 1 contract
Annual Bonus. The Executive will be eligible to earn shall receive an Annual Bonus relating to each fiscal year, annual incentive bonus (the “Bonus”) based on certain criteria and corporate objectives similar to the achievement of individual and Company goalsobjectives established by the Board for the CEO. Based on the achievement The Bonus target shall be twenty-five percent (25%) of the goals, then Executive’s Base Salary and be paid to the Executive may be awarded a bonus for that year up on an annual basis, subject to 30% of then-current Base Salary. Such bonus is wholly discretionary, and is dependent on several factors including the performance of the company. The Executive is not entitled to a bonus solely as result of meeting his goalsall appropriate legally required tax deductions.
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Annual Bonus. Executive will may be eligible to earn an Annual Bonus annual bonus relating to each fiscal year, based on the achievement of individual and Company goalswritten goals established on an annual basis by the CEO. Based on If Executive meets the achievement of the applicable goals, then the Executive may be awarded a bonus for that year up to 3045% of his or her then-current Base SalarySalary (“Target Bonus”). Such bonus is wholly discretionary, and is dependent on several factors including the performance of the company. The Executive is not entitled to a bonus solely as result of meeting his or her goals.”
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Samples: Executive Employment Agreement (Kindred Biosciences, Inc.)
Annual Bonus. The Executive will shall be eligible given the opportunity to earn an Annual Bonus relating to annual incentive bonus for each fiscal year of the Company in accordance with the annual bonus plan and payment policies generally applicable to the Company’s officers, as the same may be in effect from time to time. The Executive’s target annual incentive bonus opportunity shall be no less than 50% of his base salary for such year, based on the achievement of individual and Company goals. Based on but shall be dependent upon the achievement of the goals, then the Executive may be awarded a bonus applicable performance goals established for that year up to 30% of then-current Base Salary. Such bonus is wholly discretionary, and is dependent on several factors including the performance of the company. The Executive is not entitled to a bonus solely as result of meeting his goalssuch year.
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Annual Bonus. Executive will be eligible to earn for an annual target incentive award of 50% of Executive’s then-current base salary (the “Annual Bonus relating to each fiscal yearBonus”), based on the achievement of individual and Company goals. Based on objectives as determined by the achievement Company, payable no later than March 15 of the goals, then calendar year following the calendar year for which the bonus was earned. Any Annual Bonus that may awarded for 2011 will be pro-rated from the date Executive may be awarded a bonus for that year up to 30% of then-current Base Salary. Such bonus is wholly discretionary, and is dependent on several factors including the performance of the company. The Executive is not entitled to a bonus solely as result of meeting his goalscommences employment under this Agreement.
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Annual Bonus. Executive will be eligible to earn an Annual Bonus relating to each fiscal year, annual bonus based on achievement of specified performance goals and objectives in accordance with Company’s bonus plan. Executive’s target bonus for calendar year 2007 will be 35% of the Base Salary prorated for Executive partial year of service based on the achievement of individual and Company goals. Based on the achievement of the goals, then the Executive may be awarded a bonus for that year up to 30% of then-current Base Salary. Such bonus is wholly discretionary, and is dependent on several factors including the performance of the company. The Executive is not entitled to a bonus solely as result of meeting his goalsEffective Date.
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Samples: Executive Employment Agreement (La Jolla Pharmaceutical Co)
Annual Bonus. With respect to each full fiscal year of employment hereunder, Executive will shall be eligible to earn an annual bonus award of up to one hundred percent (100%) of Executive’s Base Salary (the “Target”) based upon achievement of annual EBITDA and other performance targets reasonably established by the Compensation Committee of the Board within the first three months of each fiscal year (the “Annual Bonus”). The Annual Bonus, if any, shall be paid to Executive between March 1st and April 1st of the fiscal year immediately following the fiscal year in respect of which the Annual Bonus relating to each fiscal year, based on the achievement of individual and Company goals. Based on the achievement of the goals, then the Executive may be awarded a bonus for that year up to 30% of then-current Base Salary. Such bonus is wholly discretionary, and is dependent on several factors including the performance of the company. The Executive is not entitled to a bonus solely as result of meeting his goalswas earned.
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Samples: Employment Agreement (Lantheus MI Intermediate, Inc.)
Annual Bonus. Executive will have a target annual bonus ------------- of not less than US $160,000 (the "Annual Bonus"), to be eligible to earn an Annual Bonus relating to each fiscal year, earned based on the achievement of individual and individual, group or Company goalsperformance objectives established from year to year by the Chief Executive Officer. Based on The Annual Bonus will be paid at such times as are customary for Peer Executives. The Annual Bonus for fiscal year 2001 will be prorated from the achievement Effective Date to the end of the goals, then the Executive may be awarded a bonus for that Company's fiscal year up to 30% of then-current Base Salary. Such bonus is wholly discretionary, and is dependent on several factors including the performance of the company. The Executive is not entitled to a bonus solely as result of meeting his goals2001.
Appears in 1 contract
Samples: Employment Agreement (Mapics Inc)
Annual Bonus. Executive will shall be eligible to earn receive an Annual Bonus relating annual performance-based bonus pursuant to each fiscal yearan annual managerial bonus plan to be established by the Company, with an annual target bonus equal to 50% of Executive's Base Salary. Actual annual bonus amounts payable under this Section 2(b)(ii) shall be determined by the Company in its sole discretion based on the achievement attainment of individual financial results and Company goals. Based on earnings targets for the achievement of the goals, then the Executive may be awarded a bonus for that fiscal year up to 30% of then-current Base Salary. Such bonus is wholly discretionary, and is dependent on several factors including the performance of the company. The Executive is not entitled to a bonus solely as result of meeting his goalsin question.
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Annual Bonus. During the Term, the Executive will be eligible to earn an Annual Bonus relating receive annual bonuses based upon achieving annual financial plan and organization metrics to each be determined by the Board in consultation with the Executive, with a target bonus opportunity starting in fiscal year, based on the achievement of individual and Company goals. Based on the achievement of the goals, then the Executive may be awarded a bonus for that year up 2007 equal to 30100% of then-current Annual Base Salary. Such bonus is wholly discretionary, and is dependent on several factors including the performance of the company. The Executive is not entitled to a bonus solely as result of meeting his goals.
Appears in 1 contract
Samples: Employment Agreement (Wesco Aircraft Holdings, Inc)
Annual Bonus. With respect to each fiscal year during the Employment Term, Executive will shall be eligible to earn an annual bonus award (an “Annual Bonus”) equal to (i) 50% of Executive’s Base Salary (the “Target”) based upon the achievement of performance objectives established by the Board, and (ii) up to 100% of Executive’s Base Salary if such performance objectives are exceeded due to extraordinary performance, as determined by the Board. Executive shall be eligible to earn an Annual Bonus relating to each for fiscal year 2006, with separate weighting for the two positions held during such fiscal year, based on the achievement of individual and Company goals. Based on the achievement of the goals, then the Executive may be awarded a bonus for that year up to 30% of then-current Base Salary. Such bonus is wholly discretionary, and is dependent on several factors including the performance of the company. The Executive is not entitled to a bonus solely as result of meeting his goals.
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Annual Bonus. Executive will shall be eligible to earn an Annual Bonus relating to each fiscal year, annual bonus compensation based on the achievement of individual certain goals and performance criteria established by the Board. The Company goals. Based on the achievement agrees that Executive’s target annual bonus for fiscal year(s) 2022-2025 will be minimum of 20% of the goals, then the Executive may be awarded current Base Salary with a bonus for that year maximum payout of up to 30150% of then-current Base Salary. Such bonus is wholly discretionary, and is dependent based on several factors including the performance of the company. The Executive is not entitled to a bonus solely as result of meeting his goalstarget achievement.
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Annual Bonus. With respect to each fiscal year during the ------------ Employment Term, Executive will shall be eligible to earn an annual bonus award (an "Annual Bonus") of up to 200 percent (200%) of Executive's bonus target, as determined by the Board, (the "Target") based upon the achievement of annual performance targets established by the Board, in consultation with [the Company's Chief Executive Officer], within the first three months of each fiscal year during the Employment Term. The Annual Bonus relating to each for the fiscal year, year 2001 shall be based on the achievement of individual and Company goals. Based on Company's performance for the achievement of the goals, then the Executive may be awarded a bonus for that year up to 30% of then-current Base Salary. Such bonus is wholly discretionary, and is dependent on several factors including the performance of the company. The Executive is not entitled to a bonus solely as result of meeting his goalsfull fiscal year.
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Annual Bonus. Executive will shall be paid Executive’s annual bonus for fiscal year 2017 based on actual achievement of corporate performance objectives with any individual performance objectives deemed achieved at 100% but otherwise subject to the terms and conditions of the Company’s annual performance bonus program. Executive shall not be eligible to earn receive an Annual Bonus relating to each fiscal year, based on the achievement of individual and Company goals. Based on the achievement of the goals, then the Executive may be awarded a annual bonus for that fiscal year up to 30% of then-current Base Salary. Such bonus is wholly discretionary, and is dependent on several factors including the performance of the company. The Executive is not entitled to a bonus solely as result of meeting his goals2018 performance.
Appears in 1 contract
Samples: Transition and Separation Agreement (Aimmune Therapeutics, Inc.)
Annual Bonus. Executive will may be eligible to earn an Annual Bonus relating to each fiscal year, based on the achievement of individual and Company goals. Based written goals established on an annual basis by the achievement Board within thirty (30) days of the beginning of the fiscal year. If Executive meets the applicable goals, then the Executive may shall be awarded entitled to a target bonus for that year up equal to 3050% of his then-current Base Salary. Such bonus is wholly discretionary, and is dependent on several factors including the performance of the companySalary (“Target Bonus”). The Board may in its discretion award Executive is not entitled to a bonus solely as result of meeting his goalsmore generous bonus.
Appears in 1 contract
Samples: Executive Employment Agreement (Kindred Biosciences, Inc.)
Annual Bonus. During the Term, the Executive will be eligible to earn an Annual Bonus relating to each fiscal yearreceive annual bonuses based upon achieving annual financial plan, based on the achievement of individual and Company goals. Based on the achievement of the goals, then and organization metrics to be determined by the Executive may be awarded Board, with a target bonus for that year up to 30of 50% of then-current Annual Base SalarySalary for the remainder of calendar year 2007, prorated for actual service. Such Future bonus is wholly discretionary, and is dependent on several factors including targets shall be subject to adjustment as determined by the performance of the company. The Executive is not entitled to a bonus solely as result of meeting his goalsBoard.
Appears in 1 contract
Samples: Employment Agreement (Vought Aircraft Industries Inc)
Annual Bonus. The Executive will shall be eligible to earn receive, in addition to his Base Salary, an Annual Bonus relating to each fiscal year, based on the achievement of individual and Company goalsAward. Based on the achievement The amount of the goalsAnnual Bonus Award, then if any, with respect to any fiscal year shall be based upon performance targets and award levels determined by the Executive may be awarded a Committee in its sole discretion, in accordance with the applicable annual bonus for that year up to 30% of then-current Base Salary. Such bonus is wholly discretionary, and is dependent on several factors including the performance of the company. The Executive is not entitled to a bonus solely program(s) as result of meeting his goals.in effect from time to
Appears in 1 contract
Annual Bonus. During the Term, the Executive will be eligible to earn an Annual Bonus relating receive annual bonuses based upon achieving annual financial plan and organization metrics to each fiscal yearbe determined by the Board, based on the achievement with a target bonus of individual and Company goals. Based on the achievement of the goals, then the Executive may be awarded a bonus for that year up to 3075% of then-current Annual Base Salary. Such bonus is wholly discretionary, and is dependent on several factors including the performance of the company. The Executive is not entitled to a bonus solely as result of meeting his goalsSalary for calendar year 2007.
Appears in 1 contract
Samples: Employment Agreement (Vought Aircraft Industries Inc)
Annual Bonus. During the Term, the Executive will shall be eligible to earn an Annual Bonus relating to each fiscal yearannual cash bonus, based on upon the achievement of individual annual performance goals and Company goals. Based on objectives established by agreement between the Executive and the Board before March 1 of each calendar year; provided, however, that the Executive shall have a target annual bonus of 100% of his Base Salary (such amount being referred to herein as the “Target Bonus”), subject to the Executive’s achievement of the goals, then the Executive may be awarded a bonus for that year up to 30% of then-current Base Salary. Such bonus is wholly discretionary, and is dependent on several factors including the such performance of the company. The Executive is not entitled to a bonus solely as result of meeting his goals.
Appears in 1 contract
Samples: Employment Agreement (Manhattan Pharmaceuticals Inc)
Annual Bonus. Executive will also be eligible to earn an annual incentive bonus, which shall be targeted at 40% of the Base Salary (the “Annual Bonus relating to each fiscal year, Incentive Bonus”). The bonus payment shall be based on the achievement of pre-determined annual corporate and | or individual performance goals, as determined by the Company. Annual Incentive Bonuses are not earned until the respective goals have been fully achieved and Company goals. Based on are paid generally during the achievement first calendar quarter of the goalssubsequent year, then the Executive may be awarded a bonus for that but no later than December 31 of such subsequent year up (subject to 30% of then-current Base Salary. Such bonus is wholly discretionary, and is dependent on several factors including the performance of the company. The Executive is not entitled to a bonus solely as result of meeting his goalsrequired withholding).
Appears in 1 contract
Samples: Executive Employment Agreement (VectivBio Holding AG)
Annual Bonus. Executive will shall be eligible to earn receive an Annual Bonus relating annual bonus, with the annual bonus target to be 65% of his then Base Salary (i.e., 65% upon achievement of annual “target” performance goals), with the “target” based upon satisfaction of performance goals and bonus criteria to be defined and approved by the Compensation Committee of BHI’s Board of Directors for each fiscal year, based on . The Company shall pay any such annual bonus earned to Executive in accordance with the achievement of individual and Company goals. Based on the achievement terms of the goalsapplicable bonus plan, then but in no event later than March 15 of the Executive may be awarded a bonus for that calendar year up to 30% of then-current Base Salary. Such following the calendar year in which such bonus is wholly discretionary, and is dependent on several factors including the performance of the company. The Executive is not entitled to a bonus solely as result of meeting his goalsearned.
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Annual Bonus. In addition to the Base Salary, Executive will be eligible to earn an Annual Bonus relating shall receive a cash bonus (the “Bonus”) with respect to each fiscal year, ; provided that Executive is employed by the Company on the last day of such fiscal year without giving effect to any pro rata allocation in fiscal year 2004. The Bonus shall be based on the Company’s achievement of individual and Company goals. Based on certain operating and/or financial goals to be established by the achievement of the goalsCompensation Committee, then the Executive may be awarded a with an annual target bonus for that year up amount equal to 3050% of then-Executive’s then current Base Salary. Such bonus is wholly discretionary, and is dependent on several factors including the performance of the company. The Executive is not entitled to a bonus solely as result of meeting his goals.
Appears in 1 contract
Annual Bonus. Executive will may be eligible to earn an Annual Bonus annual bonus relating to each fiscal year, based on the achievement of individual and Company goalswritten goals established on an annual basis by the CEO. Based on If Executive meets the achievement of the applicable goals, then the Executive may be awarded a bonus for that year up to 3040% of his or her then-current Base SalarySalary (“Target Bonus”). Such bonus is wholly discretionary, and is dependent on several factors including the performance of the company. The Executive is not entitled to a bonus solely as result of meeting his or her goals.
Appears in 1 contract
Samples: Executive Employment Agreement (Kindred Biosciences, Inc.)