Cash Award. (i) For each calendar year during the Term, the Executive will be eligible for performance-based cash compensation (the “Cash Award”) equal to 50% of the Executive’s Annual Salary for such year for the achievement of 100% - 105% of the Gross Revenue and EBITDA Budgets for each applicable calendar year.
Appears in 8 contracts
Samples: Executive Employment Agreement (Aralez Pharmaceuticals Inc.), Executive Employment Agreement (Aralez Pharmaceuticals Inc.), Executive Employment Agreement (Aralez Pharmaceuticals Inc.)