Incentive Bonus Eligibility. During the Term, you will be eligible for an annual cash bonus based on such bonus program as may be established by the Company or PubCo from time to time (the “Bonus Plan”) at the same level as other senior executives of the Company. Under the Bonus Plan, your initial target bonus will be 100% of your base salary, which will be periodically reviewed by the Compensation Committee and may be increased (but not decreased) from time to time (“Target Bonus”). The actual amount of any bonus under the Bonus Plan shall be determined based on the achievement of performance criteria established by the Compensation Committee and shall be paid in accordance with the Bonus Plan. Except as otherwise provided herein, you will be entitled to receive any earned bonus under the Bonus Plan for a fiscal year of the Company if you are employed on the last day of the fiscal year. Any amounts payable under the Bonus Plan for a fiscal year are intended to constitute a short-term deferral for purposes of Section 409A of the Internal Revenue Code (the “Code”), and will be paid to you in a lump sum of cash no later than March 15 of the calendar year following the calendar year in which the applicable fiscal year ends.
Incentive Bonus Eligibility. Beginning with calendar year 2000, the Executive shall be eligible to be paid an annual incentive cash bonus of up to one hundred percent (100%) of his Base Salary subject to performance criteria for the Company and Executive established from time to time by the Board of Directors, or its designee(s), and Executive.
Incentive Bonus Eligibility. During the Term, you will be eligible for an annual cash bonus pursuant to the Company’s annual cash bonus program based on the achievement of performance criteria established by the Compensation Committee for the applicable fiscal year, which may be corporate goals and/or individual criteria. Your initial target bonus will be in an amount equal to 60% of your base salary (“Target Bonus”). The actual amount of any bonus earned shall be determined by the Compensation Committee based on achievement of the applicable performance criteria after the end of the applicable fiscal year. Except as otherwise provided herein, you will be entitled to receive any earned bonus for a fiscal year of the Company if you are employed on the payment date for such bonus.
Incentive Bonus Eligibility. During the Term, you will be eligible for an annual cash bonus based on such bonus program as may be established by the Company or PubCo from time to time (the “Bonus Plan”) at the same level as other senior executives of the Company. Under the Bonus Plan, your initial target bonus will be 75% of your base salary, which will be periodically reviewed by the Compensation Committee and may be increased (but not decreased) from time to time (“Target Bonus”). The actual amount of any bonus under the Bonus Plan shall be determined based on the achievement of performance criteria established by the Compensation Committee and shall be paid in accordance with the Bonus Plan. For the avoidance of doubt, any bonus earned under the Bonus Plan for the 2021 fiscal year will not be prorated. Except as otherwise provided herein, you will be entitled to receive any earned bonus under the Bonus Plan for a fiscal year of the Company if you are employed on the last day of the fiscal year. Any amounts payable under the Bonus Plan for a fiscal year are intended to constitute a short-term deferral for purposes of Section 409A of the Internal Revenue Code (the “Code”), and will be paid to you in a lump sum of cash no later than March 15 of the calendar year following the calendar year in which the applicable fiscal year ends.
Incentive Bonus Eligibility. During the Term, you will be eligible for an annual cash bonus based on such bonus program as may be established by the Company or PubCo from time to time (the "Bonus Plan") at the same level as other senior executives of the Company. Under the Bonus Plan, your initial target bonus will be 100% of your base salary (prorated for the 2022 fiscal year from the Effective Date), which will be periodically reviewed by the Compensation Committee and may be increased (but not decreased) from time to time ("Target Bonus"). The actual amount of any bonus under the Bonus Plan shall be determined based on the achievement of performance criteria established by the Compensation Committee and shall be paid in accordance with the Bonus Plan. Except as otherwise provided herein, you will be entitled to receive any earned bonus under the Bonus Plan for a fiscal year of the Company if you are employed on the last day of the fiscal year. Any amounts payable under the Bonus Plan for a fiscal year are intended to constitute a short-term deferral for purposes of Section 409A of the Internal Revenue Code (the "Code"), and will be paid to you in a lump sum of cash no later than March 15 of the calendar year following the calendar year in which the applicable fiscal year ends.
Incentive Bonus Eligibility. (i) For fiscal 2006, Executive is eligible for consideration for an incentive bonus (“Incentive Bonus”), which will be a percent of Base Salary. The target amount of the Incentive Bonus will be determined by the Compensation Committee in discussions with Executive within ninety (90) days after the Commencement Date, and will be tied to the Company’s achievement of financial objectives established by the Board. For the avoidance of doubt, the Incentive Bonus will be payable only if financial objectives established by the Board are achieved.
(ii) Executive must be employed by the Company as of the last day of any fiscal year to be eligible for consideration for the Incentive Bonus for that fiscal year. The Incentive Bonus will be calculated as of the end of each fiscal year, and payable ninety (90) days thereafter or promptly following the filing of the Company’s Annual Report on Form 10-K, whichever is later.
(iii) Incentive Bonus eligibility for the Company’s fiscal year ending July 31, 2007 and thereafter will be established as part of any overall executive incentive compensation plan, in which Executive may participate in designing and proposing to the Compensation Committee for its consideration.
Incentive Bonus Eligibility. During the Term, you will be eligible for an annual cash bonus pursuant to the Company’s annual cash bonus program based on the achievement of performance criteria established by the Compensation Committee for the applicable fiscal year, which may be corporate goals and/or individual criteria. Your initial target bonus will be in an amount equal to 40% of your base salary (“Target Bonus”). The actual amount of any bonus earned shall be determined by the Compensation Committee based on achievement of the applicable performance criteria after the end of the applicable fiscal year. Except as otherwise provided herein, you will be entitled to receive any earned bonus for a fiscal year of the Company if you are employed on the payment date for such bonus Long-Term Incentive: You will be eligible to receive long-term incentive awards pursuant to the terms of the ProKidney Corp. 2022 Incentive Equity Plan (the “Incentive Equity Plan”) (or any successor plan thereto). Long-term incentive awards will be granted at the discretion of the Compensation Committee and in accordance with market guidelines for your role as approved by the Compensation Committee.
Incentive Bonus Eligibility. (i) For fiscal 2006, Executive is eligible for consideration for an incentive bonus (“Incentive Bonus”) calculated at between 50% and 150% of Base Salary based on achievement of objectives established by the Compensation Committee within ninety (90) days of the start of fiscal 2006 (“Targets”), such Targets to include but not necessarily be limited to financial targets contained in the Company’s approved budget for fiscal 2006. The Incentive Bonus earned for achieving the Targets as established will be 50% of the Base Salary (“Target Bonus”) with eligibility to earn up to 150% of the Base Salary based on exceeding the Targets. For the avoidance of doubt, the Target Bonus is only payable if the Targets are achieved.
(ii) Executive must be employed by the Company as of the last day of any fiscal year to be eligible for consideration for the Incentive Bonus for that fiscal year. The Incentive Bonus will be calculated as of the end of each fiscal year, and payable 90 days thereafter or promptly following the filing of the Company’s Annual Report on Form 10-K, whichever is later.
(iii) Incentive Bonus eligibility for the Company’s fiscal year ending July 31, 2007 and thereafter will be established as part of any overall executive incentive compensation plan which Executive will be responsible for designing and proposing to the Compensation Committee for its consideration.
Incentive Bonus Eligibility. During the Term, you will be eligible for an annual cash bonus pursuant to the Company’s annual cash bonus program based on the achievement of performance criteria established by the Compensation Committee for the applicable fiscal year, which may be corporate goals and/or individual criteria. Your initial target bonus will be in an amount equal to 60% of your base salary (“Target Bonus”). The actual amount of any bonus earned shall be determined by the Compensation Committee based on achievement of the applicable performance criteria after the end of the applicable fiscal year. For purposes of the 2023 fiscal year, your actual bonus will be prorated based on your start date with the Company and your actual base salary in effect over that period. Except as otherwise provided herein, you will be entitled to receive any earned bonus for a fiscal year of the Company if you are employed on the payment date for such bonus.
Incentive Bonus Eligibility. Beginning with fiscal 2007 and for each year thereafter during the term of this Agreement, Executive shall be eligible to participate in the Commerce Energy Group, Inc. Bonus Program adopted by the Board on January 25, 2007, as such Program may be amended from time to time (the "Bonus Program") or in a successor plan and in other incentive bonus plans generally available to the other executive officers of the Company. Executive shall be designated as an "Executive Team" member for purposes of the Bonus Program and the Potential Bonus Percentages referenced in the Bonus Program for a particular fiscal year applicable to "Participants within the Executive Team (other than the CEO)" shall apply to the Executive. Executive's objectives and measurements and weight values for fiscal 2007 for purposes of the Bonus Program shall be created by the Compensation Committee of the Board on or prior to April 30, 2007.
