Common use of Basic Full-Time Compensation and Benefits Clause in Contracts

Basic Full-Time Compensation and Benefits. (a) As basic compensation for services rendered under this Agreement, Employee shall be entitled to receive from the Company a salary equal to no less than Employee’s current base salary (the “Base Salary”), payable in accordance with the Company’s standard payroll practices as in effect from time to time during the term of this Agreement. The Base Salary will be reviewed annually by the Board or a committee thereof and may be raised at the discretion of the Board or such committee. (b) Employee shall be eligible to earn a cash bonus, payable as soon as reasonably practicable in the calendar year following each calendar year during the term of this Agreement, based on the Company’s and/or Employee’s achievement of performance related goals proposed by management and approved by the Board or a committee thereof for the Company’s applicable fiscal year (the “Incentive Compensation”). The Incentive Compensation actually earned, if any, shall be determined in the sole discretion of the Board or a committee thereof and shall be based on a target amount equal to forty percent (40%) of the Base Salary earned by Employee during such fiscal year (the “Target Amount”), which shall not be pro-rated for the first fiscal year of the term of this Agreement. The Board or a committee thereof may, in its discretion, approve an Incentive Compensation payment in excess of the Target Amount if the performance goals have been exceeded. Employee must be employed by the Company at the time Incentive Compensation payments are paid in order to receive the Incentive Compensation payment for each fiscal year. (c) Employee shall be entitled to receive such other benefits and perquisites provided to similarly situated executives of the Company, subject to modification or termination at any time, which benefits may include, without limitation, reasonable paid time off, medical, dental, and vision benefits, life insurance, and participation in profit sharing or retirement plans.

Basic Full-Time Compensation and Benefits. (a) As Commencing as of the Effective Date, as basic compensation for services rendered under this Agreement, Employee shall be entitled to receive from the Company a salary equal to no less than Employee’s current base salary of $31,250 per month ($375,000 per annum) (the “Base Salary”), payable in accordance with the Company’s standard payroll practices as in effect from time to time during the term of this Agreement. The Base Salary will be reviewed annually by the Board or a committee thereof and may be raised at the discretion of the Board or such committee. (b) Employee shall be eligible to earn a cash bonus, payable as soon as reasonably practicable in the calendar year following each calendar year during the term of this Agreement, based on the Company’s and/or Employee’s achievement of performance related goals proposed by management and approved by the Board or a committee thereof for the Company’s applicable fiscal year (the “Incentive Compensation”). The Incentive Compensation actually earned, if any, shall be determined in the sole discretion of the Board or a committee thereof and shall be based on a target amount equal to forty percent (40%) of the Base Salary earned by Employee during such fiscal year (the “Target Amount”), which shall not be pro-rated for the first fiscal year of the term of this Agreement. The Board or a committee thereof may, in its discretion, approve an Incentive Compensation payment in excess of the Target Amount if the performance goals have been exceeded. Employee must be currently employed by at the Company at the time Incentive Compensation payments are paid in order to receive the Incentive Compensation payment for each fiscal year. (c) Employee shall be entitled to receive such other benefits and perquisites provided to similarly situated executives executive officers of the Company, subject to modification or termination at any time, which benefits may include, without limitation, reasonable paid time offvacation (currently four (4) weeks), medicalsick leave, dental, and vision medical benefits, life insurance, and participation in profit sharing or retirement plans.

Basic Full-Time Compensation and Benefits. (a) As basic compensation for services rendered under this Agreement, Employee shall be entitled to receive from the Company BioCryst, a salary equal to no less than Employee’s current base salary of $27,628.33 per month (the “Base Salary”), $331,540 per annum) payable in accordance with the Company’s standard payroll practices as in effect from time to time bi-monthly payments for each calendar month during the term of this Agreement, beginning March 1, 2012. The Base Salary This salary will be reviewed annually by the Board or a committee thereof of Directors and may be raised at the discretion of the Board or such committeeBoard. (b) In addition to the basic compensation set forth in (a) above, Employee shall be eligible to earn a cash bonus, payable as soon as reasonably practicable in the calendar year following each calendar year during the term of this Agreement, based on the Company’s and/or Employee’s achievement of performance related goals proposed by management and approved by the Board or a committee thereof for the Company’s applicable fiscal year (the “Incentive CompensationFiscal Year”). The Incentive Compensation bonus actually earned, if any, shall be determined in the sole discretion of the Board or a committee thereof and shall be based on a target amount equal to forty percent (40%) 30% of the Base Salary base compensation earned by Employee executive during such fiscal year Fiscal Year (the “Target Amount”), which and shall not be pro-rated based on the degree to which the performance goals have been achieved, subject to a minimum level of achievement proposed by management and approved by the Board. The Target Amount for the first fiscal year of the term of this Agreement2012 Fiscal Year shall be prorated based on Employee’s base compensation earned during 2012. The Board or a committee thereof may, in its discretion, approve an Incentive Compensation payment a bonus in excess of the Target Amount if the performance goals have been exceeded. Employee must be employed by through April 1, of the Company at the time Incentive Compensation payments are paid next succeeding Fiscal Year in order to receive the Incentive Compensation payment annual bonus for each fiscal yearFiscal Year. (c) In addition to the basic compensation set forth in (a) and (b) above, Employee shall be entitled to receive such other benefits and perquisites provided to similarly situated executives other executive officers of the Company, subject to modification or termination at any time, BioCryst which benefits may include, without limitation, reasonable paid time offvacation (currently 5 weeks), medicalsick leave, dental, and vision medical benefits, life insurance, and participation in profit sharing or retirement plans. (d) In addition to the compensation set forth in paragraphs 2(a), (b) and (c) above, the Board of Directors of BioCryst may from time to time, in its discretion, also grant such other cash or stock bonuses to the Employee either as an award or as an incentive as it shall deem desirable or appropriate. Dr. Y.S. Babu April 27, 2012