Business Development Bonus. (a) Subject to the terms and conditions herein and provided that the Employee remains in a continued employment relationship with the Company or its Affiliates, if the Company receives BD Cash Payments in a range set forth in the table below, Employee will become eligible for the corresponding Total Amount of Earned Cash Bonus and the Company will pay Employee the difference between any previously paid Earned Cash Bonus and newly eligible Earned Cash Bonus in the next regular payroll after the date Employee becomes eligible for such Earned Cash Bonus and such eligibility is confirmed by the Compensation Committee. Notwithstanding anything contrary contained herein, including the foregoing sentence, if the Total BD Cash Payments is below [*], the corresponding Total Amount of Earned Cash Bonus set forth in the table above will vest and become payable by Company at the next regular payroll upon vesting as follows: 25% of such portion of the Total Amount of Earned Cash Bonus shall vest each six (6) months from the Vesting Commencement Date subject to continuing service by Employee through such date, so that such Total Amount of Earned Cash Bonus will be fully vested on the second anniversary of the Vesting Commencement Date and fully paid to Employee at the next regular payroll; provided that, upon the earlier of (a) an Exit Event or (b) the Total Amount of BD Cash Payment reaches [*], the vesting and payment of such Total Amount of Earned Cash Bonus shall accelerate such that the full amount vests and becomes immediate payable prior to the consummation of the Exit Event or at the next regular payroll if there is no Exit Event. For the purposes of this paragraph, “
Business Development Bonus. (a) Subject to the terms and conditions herein and provided that the Participant remains in a continued consulting relationship with the Company or its Affiliates, if the Company receives BD Cash Payments in a range set forth in the table below, Participant will become eligible for the corresponding Total Amount of Earned Cash Bonus and the Company will pay Participant the difference between any previously paid Earned Cash Bonus and newly eligible Earned Cash Bonus in the next month after the date Participant becomes eligible for such Earned Cash Bonus [*] = Certain confidential information contained in this document, marked by brackets, has been omitted because it is both (i) not material and (ii) would be competitively harmful if publicly disclosed.
