Annual Discretionary Bonus. You will also be eligible to earn an annual discretionary bonus. The amount of this bonus will be determined in the sole discretion of the Company and based, in part, on your performance and the performance of the Company during the calendar year, as well as any other criteria the Company deems relevant. The Company will pay you this bonus, if any, 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 your employment terminates for any reason prior to the payment date.
Appears in 5 contracts
Samples: Employment Agreement (Enovix Corp), Employment Agreement (Enovix Corp), Employment Agreement (Enovix Corp)
Annual Discretionary Bonus. You will also be eligible to earn an annual discretionary bonusbonus with a target amount equal to 40% of your annual base salary. The amount of this bonus will be determined in the sole discretion of the Company and based, in part, on your performance and the performance of the Company during the calendar year, as well as any other criteria the Company deems relevant. The Company will pay you this bonus, if any, no later than March 15th of as set forth in the following calendar year. The Company’s Employee Bonus Program or any successor bonus is not earned until paid and no pro-rated amount will be paid if your employment terminates for any reason prior to program sponsored by the payment dateCompany.
Appears in 4 contracts
Samples: Employment Agreement (Lucira Health, Inc.), Employment Agreement (Lucira Health, Inc.), Employment Agreement (Lucira Health, Inc.)
Annual Discretionary Bonus. You will also be eligible to earn an annual discretionary bonusbonus with a target amount equal to 83% of your annual base salary. The amount of this bonus will be determined in the sole discretion of the Company and based, in part, on your performance and the performance of the Company during the calendar year, as well as any other criteria the Company deems relevant. The Company will pay you this bonus, if any, no later than March 15th of as set forth in the following calendar year. The Company’s Employee Bonus Program or any successor bonus is not earned until paid and no pro-rated amount will be paid if your employment terminates for any reason prior to program sponsored by the payment dateCompany.
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