Common use of Bonus Program Clause in Contracts

Bonus Program. You will be eligible for an annual target bonus of 35% of your annual base salary as determined by the Board in its sole discretion based upon, among other things, the achievement of pre-determined performance milestones. Any annual bonus, if earned, shall be paid no later than March 15th of the year immediately following the year to which the applicable annual bonus relates.

Appears in 3 contracts

Samples: Executive Employment Agreement (NextCure, Inc.), Executive Employment Agreement (NextCure, Inc.), Executive Employment Agreement (NextCure, Inc.)

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Bonus Program. You will be eligible for an annual target bonus of 35% forty percent (40%) of your annual base salary salary, as determined by the Board in its sole discretion based upon, among other things, the achievement of pre-determined performance milestones. Any annual bonus, if earned, shall be paid no later than March 15th of the year immediately following the year to which the applicable annual bonus relates.

Appears in 3 contracts

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

Bonus Program. You will be eligible for an annual target bonus of 3540% of your annual then-current base salary salary, as determined by the Board in its sole discretion based upon, among other things, the achievement of pre-determined performance milestones. Any annual bonus, if earned, shall be paid no later than March 15th of the year immediately following the year to which the applicable annual bonus relates.

Appears in 2 contracts

Samples: Executive Employment Agreement (Pyxis Oncology, Inc.), Executive Employment Agreement (Pyxis Oncology, Inc.)

Bonus Program. You Effective January 1, 2015, you will be eligible for an annual target bonus of 35% that targets forty percent (40%) of your annual annualized base salary as determined based upon achievement of certain performance goals and corporate milestones established by the Board Company. Achievement of goals will be determined in its the sole discretion based upon, among other things, of the achievement Board of pre-determined performance milestonesDirectors of the Company (the “Board”) or a Compensation Committee of the Board. Any annual To earn any part of the bonus, if earned, shall you must be paid no later than March 15th employed on December 31st of the year immediately following applicable bonus year. Your bonus target may be adjusted from time to time in accordance with normal business practices and in the year to which sole discretion of the applicable annual bonus relatesCompany.

Appears in 2 contracts

Samples: Employment Agreement (Karyopharm Therapeutics Inc.), Employment Agreement (Karyopharm Therapeutics Inc.)

Bonus Program. You will be eligible for an annual target bonus of 3540% of your annual base salary salary, as determined by the Board in its sole discretion based upon, among other things, the achievement of pre-determined performance milestones. Any annual bonus, if earned, shall will be paid no later than March 15th 31st of the year immediately following the year to which the applicable annual bonus relates. Any bonus for the fiscal year in which your employment begins will be prorated, based on the number of days you are employed by the Company during that fiscal year.

Appears in 2 contracts

Samples: Executive Employment Agreement (Pyxis Oncology, Inc.), Executive Employment Agreement (Pyxis Oncology, Inc.)

Bonus Program. You will be eligible for an annual target bonus of 35% forty percent (50%) of your annual base salary salary, as determined by the Board in its sole discretion based upon, among other things, the achievement of pre-determined performance milestones. Any annual bonus, if earned, shall be paid no later than March 15th of the year immediately following the year to which the applicable annual bonus relates.

Appears in 2 contracts

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

Bonus Program. You will be eligible for an annual target bonus of 3545% of your annual then-current base salary salary, as determined by the Board in its sole discretion based upon, among other things, the achievement of pre-determined performance milestones. Any annual bonus, if earned, shall be paid no later than March 15th of the year immediately following the year to which the applicable annual bonus relates. For the avoidance of doubt, you shall be eligible to earn a full-year non-prorated annual bonus in respect of calendar year 2021.

Appears in 1 contract

Samples: Executive Employment Agreement (Pyxis Oncology, Inc.)

Bonus Program. You will be eligible for an annual target bonus of 3545% of your annual base salary salary, as determined by the Board in its sole discretion based upon, among other things, the achievement of pre-determined performance milestones. Any annual bonus, if earned, shall be paid no later than March 15th of the year immediately following the year to which the applicable annual bonus relates.

Appears in 1 contract

Samples: Executive Employment Agreement (Pyxis Oncology, Inc.)

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Bonus Program. You will be eligible for an annual target bonus of 3550% of your annual base salary as determined by the Board in its sole discretion based upon, among other things, the achievement of pre-determined performance milestones. Any annual bonus, if earned, shall be paid no later than March 15th of the year immediately following the year to which the applicable annual bonus relates.

Appears in 1 contract

Samples: Executive Employment Agreement (NextCure, Inc.)

Bonus Program. You will be eligible for an annual target bonus of thirty five percent (35% %) of your annual base salary salary, as determined by the Board in its sole discretion based upon, among other things, the achievement of pre-determined performance milestones. Any annual bonus, if earned, shall be paid no later than March 15th of the year immediately following the year to which the applicable annual bonus relates.

Appears in 1 contract

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

Bonus Program. You will be eligible for an annual target bonus of 3530% of your annual base salary salary, as determined by the Board in its sole discretion based upon, among other things, the achievement of pre-determined performance milestones. Any annual bonus, if earned, shall be paid no later than March 15th of the year immediately following the year to which the applicable annual bonus relates.. 273897454v.2

Appears in 1 contract

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

Bonus Program. You will be eligible for an annual target bonus of 3540% of your annual base salary as determined by the Board in its sole discretion based upon, among other things, the achievement of pre-determined performance milestones. Any annual bonus, if earned, shall be paid no later than March 15th of the year immediately following the year to which the applicable annual bonus relates.

Appears in 1 contract

Samples: Executive Employment Agreement (NextCure, Inc.)

Bonus Program. You will be eligible for an annual target bonus of 35% that targets forty percent (40%) of your annual annualized base salary as determined based upon achievement of certain performance goals and corporate milestones established by the Board Company. Achievement of goals will be determined in its the sole discretion based upon, among other things, of the achievement Board of pre-determined performance milestonesDirectors of the Company (the “Board”) or a Compensation Committee of the Board. Any annual To earn any part of the bonus, if earned, shall you must be paid no later than March 15th employed on December 31st of the year immediately following applicable bonus year. Your bonus target may be adjusted from time to time in accordance with normal business practices and in the year to which sole discretion of the applicable annual bonus relatesCompany.

Appears in 1 contract

Samples: Employment Agreement (Karyopharm Therapeutics Inc.)

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