Eligibility for Bonus. You will be eligible to earn an annual bonus compensation award of up to sixty percent (60%) of your annual Base Salary contingent upon an assessment by the Compensation Committee of the Trega Board of Directors (the "Compensation Committee"), or the Trega Chief Executive Officer (the "CEO") of your annual performance, achievement of business objectives, achievement of pre-agreed targets in Trega common stock price performance and other factors that are jointly agreed upon by you and the CEO, subject to the approval of the Compensation Committee. These criteria may be changed from time to time by agreement of yourself and the CEO, subject to the approval of the Compensation Committee. To be eligible for a bonus, you must be on the NaviCyte payroll when the bonus is paid. No pro-rata payment will be made if you are not employed by NaviCyte when the bonus is paid; provided, however, in the event you are terminated without Cause (as hereinafter defined) during any year in which you shall have actually achieved goals prior to termination which would have entitled you to the payment of a bonus had you remained an employee at the time the bonus was paid, NaviCyte shall nevertheless pay you the portion of the bonus you actually earned at the time bonuses are generally paid. Even under such circumstances, however, you shall not be entitled to the payment of a bonus for the partial accomplishment of any goal.
Eligibility for Bonus. 5.1 Subject to clause 5.3, the Bonus will only be paid to the Executive if Executive has been continuously employed by the Company from the date hereof through December 31, 2008. Notwithstanding the foregoing, if the Executive’s employment is terminated by the Company other than a valid termination under clause 11.3 of the Service Agreement within the 120-day period before December 31, 2008, the Executive will be deemed to have been continuously employed by the Company through December 31, 2008 for purposes of this Agreement.
Eligibility for Bonus. You will be eligible for a bonus compensation award of up to sixty percent (60%) of your annual Base Salary contingent upon the Board of Directors' assessment of your annual performance, achievement of business development objectives, achievement of pre-agreed targets in stock price performance and other factors that are jointly determined. These bonus criteria are set forth in greater detail in Attachment A. To be eligible for a bonus you must perform at a level acceptable to the Board of Directors and be on the Trega payroll when the bonus is paid. No pro-rata payment will be made if you are not employed by Tregx xxxn the bonus is paid.
Eligibility for Bonus. (a) A Participant (other than Xxxxxx Xxxxx) shall be eligible to receive payment of his or her Bonus with respect to a Liquidation Event or a Redemption as provided in Section 3(a) if and only if the Liquidation Event or Redemption occurs:
Eligibility for Bonus. Fellxx xxxll be eligible to receive an annual bonus pursuant to Tourjets management incentive compensation plan and successor plans, as the Board of Directors may adopt form time to time.
Eligibility for Bonus. The Employee may be eligible for bonus compensation payable at the sole discretion of the Company.
Eligibility for Bonus. The Employee shall receive a performance review from the Chief Executive Officer on an annual basis and shall be eligible for a cash bonus based upon the performance of the Employee for such period as determined in the sole discretion of the Chief Executive Officer and the Board of Directors.
Eligibility for Bonus. Subject to the terms and conditions of this Agreement, the Company shall pay Employee the Bonus described in Section 3, below, if either:
Eligibility for Bonus. Employee remains eligible to receive the Fifty Thousand Dollar ($50,000.00) bonus described in Section 3 of the Employment Agreement if the Company raises at least $10,000,000.00 (prior to the payment of expenses) of an issuance to a third of equity or other form of investment or debt on terms satisfactory to the Board of Directors of the Company by December 31, 2021.
