Common use of During Employment Clause in Contracts

During Employment. Executive shall be eligible to receive an annual performance bonus (the “Annual Bonus”) with an annual target of up to 30% (the “Target Percentage”) of Executive’s then-current Base Salary (the “Target Bonus”). The Annual Bonus will be based upon the assessment of the Board of Directors of the Company (the “Board”) (or a committee thereof) of Executive’s performance and the Company’s attainment of targeted goals (as established by the Board or a committee thereof in its sole discretion) over the applicable calendar year. The Annual Bonus, if any, will be subject to applicable payroll deductions and withholdings. No amount of any Annual Bonus is guaranteed at any time, and, except as otherwise stated in Sections 6.2(a)(iii) or 6.3(a)(iii), Executive must be an employee in good standing through the date the Annual Bonus is paid to be eligible to receive an Annual Bonus and no partial or prorated bonuses will be provided. Unless otherwise stated in Section 6, any Annual Bonus, if awarded, will be paid at the same time annual bonuses are generally paid to other similarly-situated employees of the Company. Executive’s eligibility for an Annual Bonus is subject to change in the discretion of the Board (or any authorized committee thereof).

Appears in 1 contract

Samples: Employment Agreement (GX Acquisition Corp.)

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During Employment. Executive shall be eligible to receive an annual performance bonus (the “Annual Bonus”) with an annual a target of up to 30% forty percent (the “Target Percentage”40%) of Executive’s then-current Base Salary (the “Target Bonus”). The Annual Bonus will be based upon the assessment of the Board board of Directors directors of the Company biote Corp (“Parent”), (or a committee thereof) (the “Board”) (or a committee thereof) of Executive’s performance and the Company’s attainment of targeted goals (as established by the Board or a committee thereof in its sole discretion) over the applicable calendar yearyear with, if applicable, input from the individual or body to whom Executive reports. The Annual Bonus, if any, will be subject to applicable payroll deductions and withholdings. No amount of any Annual Bonus is guaranteed at any time, andand any Annual Bonus awarded may be greater or smaller than the Target Bonus amount. Further, except as otherwise stated in Sections 6.2(a)(iii) or 6.3(a)(iiiSection 6.3(a)(i), Executive must be an employee in good standing through the date the Annual Bonus is paid to be eligible to receive an Annual Bonus and no partial or prorated bonuses will be provided. Unless otherwise stated in Section 6, any Annual Bonus, if awarded, will be paid at the same time annual bonuses are generally paid to other similarly-similarly situated employees of the Company. Executive’s eligibility for an Annual Bonus is subject to change in the discretion of the Board (or any authorized committee thereof).

Appears in 1 contract

Samples: Employment Agreement (Biote Corp.)

During Employment. Starting in calendar year 2021, Executive shall be eligible to receive an annual performance bonus (the “Annual Bonus”) with an annual target of up to 3040% (the “Target Percentage”) of Executive’s then-current Base Salary (the “Target Bonus”). The Annual Bonus will be based upon the assessment of the Board of Directors of the Company (the “Board”) (or a committee thereof) of Executive’s performance and the Company’s attainment of targeted goals (as established by the Board or a committee thereof in its sole discretion) over the applicable calendar year. The Annual Bonus, if any, will be subject to applicable payroll deductions and withholdings. No amount of any Annual Bonus is guaranteed at any time, and, except as otherwise stated in Sections 6.2(a)(iii) or 6.3(a)(iii), Executive must be an employee in good standing through the date the Annual Bonus is paid to be eligible to receive an Annual Bonus and no partial or prorated bonuses will be provided. Unless otherwise stated in Section 6, any Annual Bonus, if awarded, will be paid at the same time annual bonuses are generally paid to other similarly-situated employees of the Company. Executive’s eligibility for an Annual Bonus is subject to change in the discretion of the Board (or any authorized committee thereof).

Appears in 1 contract

Samples: Employment Agreement (GX Acquisition Corp.)

During Employment. Executive shall be eligible to receive an annual performance bonus (the “Annual Bonus”) with an annual a target of up to 30% fifty percent (the “Target Percentage”50%) of Executive’s then-current Base Salary (the “Target Bonus”). The Annual Bonus will be based upon the assessment of the Board board of Directors directors of the Company biote Corp., a publicly-traded Delaware corporation (the BoardParent”) (or a committee thereof) (the “Board”) of Executive’s performance and the Company’s attainment of targeted goals (as established by the Board or a committee thereof in its sole discretion) over the applicable calendar yearyear with, if applicable, input from the individual or body to whom Executive reports. The Annual Bonus, if any, will be subject to applicable payroll deductions and withholdings. No amount of any Annual Bonus is guaranteed at any time, andand any Annual Bonus awarded may be greater or smaller than the Target Bonus amount. Further, except as otherwise stated in Sections 6.2(a)(iii) or 6.3(a)(iiiSection 6.3(a)(i), Executive must be an employee in good standing through the date the Annual Bonus is paid to be eligible to receive an Annual Bonus and no partial or prorated bonuses will be provided. Unless otherwise stated in Section 6, any Annual Bonus, if awarded, will be paid at the same time annual bonuses are generally paid to other similarly-similarly situated employees of the Company. Executive’s eligibility for an Annual Bonus is subject to change in the discretion of the Board (or any authorized committee thereof).

Appears in 1 contract

Samples: Employment Agreement (Biote Corp.)

During Employment. Executive shall be eligible to receive an annual performance bonus (the “Annual Bonus”) with an annual a target of up to 30% forty percent (the “Target Percentage”40%) of Executive’s then-current Base Salary (the “Target Bonus”). The Annual Bonus will be based upon the assessment of the Board board of Directors directors of the Company Parent (or a committee thereof) (the “Board”) (or a committee thereof) of Executive’s performance and the Company’s attainment of targeted goals (as established by the Board or a committee thereof in its sole discretion) over the applicable calendar yearyear with, if applicable, input from the individual or body to whom Executive reports. The Annual Bonus, if any, will be subject to applicable payroll deductions and withholdings. No amount of any Annual Bonus is guaranteed at any time, andand any Annual Bonus awarded may be greater or smaller than the Target Bonus amount. Further, except as otherwise stated in Sections Section 6.2(a)(iii) or 6.3(a)(iiiSection 6.3(a)(i), Executive must be an employee in good standing through the date the Annual Bonus is paid to be eligible to receive an Annual Bonus and no partial or prorated bonuses will be provided. Unless otherwise stated in Section 6, any Annual Bonus, if awarded, will be paid at the same time annual bonuses are generally paid to other similarly-similarly situated employees of the Company. Executive’s eligibility for an Annual Bonus is subject to change in the discretion of the Board (or any authorized committee thereof).

Appears in 1 contract

Samples: Employment Agreement (Biote Corp.)

During Employment. Executive shall be eligible to receive an annual performance bonus (the “Annual Bonus”) with an annual a target of up to 30% seventy-five percent (the “Target Percentage”75%) of Executive’s then-current Base Salary (the “Target Bonus”). The Annual Bonus will be based upon the assessment of the Board board of Directors directors of the Company Parent (or a committee thereof) (the “Board”) (or a committee thereof) of Executive’s performance and the Company’s attainment of targeted goals (as established by the Board or a committee thereof in its sole discretion) over the applicable calendar yearyear with, if applicable, input from the individual or body to whom Executive reports. The Annual Bonus, if any, will be subject to applicable payroll deductions and withholdings. No amount of any Annual Bonus is guaranteed at any time, andand any Annual Bonus awarded may be greater or smaller than the Target Bonus amount. Further, except as otherwise stated in Sections 6.2(a)(iii) or 6.3(a)(iiiSection 6.3(a)(i), Executive must be an employee in good standing through the date the Annual Bonus is paid to be eligible to receive an Annual Bonus and no partial or prorated bonuses will be provided. Unless otherwise stated in Section 6, any Annual Bonus, if awarded, will be paid at the same time annual bonuses are generally paid to other similarly-similarly situated employees of the Company. Executive’s eligibility for an Annual Bonus is subject to change in the discretion of the Board (or any authorized committee thereof).

Appears in 1 contract

Samples: Employment Agreement (Biote Corp.)

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During Employment. Executive shall be eligible to receive an annual performance bonus (the “Annual Bonus”) with an annual target of up to 3025% (the “Target Percentage”) of Executive’s then-current Base Salary (the “Target Bonus”). The Annual Bonus will be based upon the assessment of the Board of Directors of the Company (the “Board”) (or a committee thereof) of Executive’s performance and the Company’s attainment of targeted goals (as established by the Board or a committee thereof in its sole discretion) over the applicable calendar year. The Annual Bonus, if any, will be subject to applicable payroll deductions and withholdings. No amount of any Annual Bonus is guaranteed at any time, and, except as otherwise stated in Sections 6.2(a)(iii) or 6.3(a)(iii), Executive must be an employee in good standing through the date the Annual Bonus is paid to be eligible to receive an Annual Bonus and no partial or prorated bonuses will be provided. Notwithstanding the foregoing, Executive’s Annual Bonus for 2021, if any, will be prorated for the portion of such year Executive actually provides services to the Company. Unless otherwise stated in Section 6, any Annual Bonus, if awarded, will be paid at the same time annual bonuses are generally paid to other similarly-situated employees of the Company. Executive’s eligibility for an Annual Bonus is subject to change in the discretion of the Board (or any authorized committee thereof).

Appears in 1 contract

Samples: Employment Agreement (GX Acquisition Corp.)

During Employment. Executive shall be eligible to receive earn an annual performance bonus (the “Annual Bonus”) with an annual target of up to 3050% (the “Target Percentage”) of Executive’s then-current Base Salary (the “Target Bonus”), payable quarterly in arrears or as otherwise determined by the Company. The Annual Bonus will be based upon the assessment of by the Company’s Board of Directors of the Company (the “Board”) (or a committee thereof) of Executive’s performance and the Company’s attainment of targeted goals (as established set by the Board or a committee thereof in its sole discretion) over the applicable calendar yearperiod. The Annual Bonus, if any, will be subject to applicable payroll deductions and withholdings. No amount of any Annual Bonus is guaranteed at any time, and, except as otherwise stated in Sections 6.2(a)(iii) or 6.3(a)(iii)Section 6, Executive must be an employee in good standing through the date the Annual Bonus or any portion of thereof is paid to be eligible to receive an Annual Bonus and no partial or prorated bonuses will be providedsuch portion. Unless otherwise stated in Subject to Section 6, any Annual BonusBonus or related portion thereof, if awardedearned, will be paid at the same time annual bonuses are generally paid to other similarly-similarly situated employees of the Company. Executive’s eligibility for an Annual Bonus is subject to change in the discretion of the Board (or any authorized committee thereof).

Appears in 1 contract

Samples: Employment Agreement (Broadscale Acquisition Corp.)

During Employment. Executive shall be eligible to receive earn an annual performance bonus (the “Annual Bonus”) with an annual target of up to 3075% (the “Target Percentage”) of Executive’s then-current Base Salary (the “Target Bonus”), payable quarterly in arrears or as otherwise determined by the Company. The Annual Bonus will be based upon the assessment of by the Company’s Board of Directors of the Company (the “Board”) (or a committee thereof) of Executive’s performance and the Company’s attainment of targeted goals (as established set by the Board or a committee thereof in its sole discretion) over the applicable calendar yearperiod. The Annual Bonus, if any, will be subject to applicable payroll deductions and withholdings. No amount of any Annual Bonus is guaranteed at any time, and, except as otherwise stated in Sections 6.2(a)(iii) or 6.3(a)(iii)Section 6, Executive must be an employee in good standing through the date the Annual Bonus or any portion of thereof is paid to be eligible to receive an Annual Bonus and no partial or prorated bonuses will be providedsuch portion. Unless otherwise stated in Subject to Section 6, any Annual BonusBonus or related portion thereof, if awardedearned, will be paid at the same time annual bonuses are generally paid to other similarly-similarly situated employees of the Company. Executive’s eligibility for an Annual Bonus is subject to change in the discretion of the Board (or any authorized committee thereof).

Appears in 1 contract

Samples: Employment Agreement (Broadscale Acquisition Corp.)

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