Common use of Incentive Bonuses Clause in Contracts

Incentive Bonuses. After the Company attains profitability, the Employee shall be eligible to be considered for an annual incentive bonus. Such bonus (if any) shall be awarded based on objective or subjective criteria established in advance by the Board or its Compensation Committee. The determinations of the Board or its Compensation Committee with respect to such bonus shall be final and binding. Except as expressly provided in this Agreement, the Employee shall not be entitled to an incentive bonus if he is not employed by the Company on the date when such bonus is payable.

Appears in 3 contracts

Samples: Employment Agreement (Selectica Inc), Employment Agreement (Selectica Inc), Employment Agreement (Selectica Inc)

AutoNDA by SimpleDocs

Incentive Bonuses. After the Company attains profitability, the The Employee shall be eligible to be considered for an annual incentive bonusbonus with a target amount equal to 50% of his Base Compensation. Such bonus (if any) shall be awarded based on objective or subjective criteria established in advance by the Company's Board of Directors (the "Board") or its Compensation Committee. The determinations of the Board or its Compensation such Committee with respect to such bonus shall be final and binding. Except as expressly provided in this Agreement, the Employee shall not be entitled to an incentive bonus if he is not employed by the Company on the date when such bonus is payable.

Appears in 3 contracts

Samples: Employment Agreement (Hyperion Solutions Corp), Employment Agreement (Hyperion Solutions Corp), Employment Agreement (Hyperion Solutions Corp)

Incentive Bonuses. After the Company attains profitability, the The Employee shall be eligible to be considered for an annual incentive bonusbonus with a target amount equal to 25% of his Base Compensation (the “Annual Target Bonus”). Such bonus (if any) shall be awarded based on objective or subjective criteria established in advance by the Board or its Compensation CommitteeBoard. The determinations of the Board or its Compensation Committee with respect to such bonus shall be final and binding. Except as expressly provided in this Agreement, the Employee shall not be entitled to an Any incentive bonus if he is not employed by for a fiscal year shall in no event be paid later than 21/2 months after the Company on the date when close of such bonus is payablefiscal year.

Appears in 3 contracts

Samples: Employment Agreement (Vanda Pharmaceuticals Inc.), Employment Agreement (Vanda Pharmaceuticals Inc.), Employment Agreement (Vanda Pharmaceuticals Inc.)

Incentive Bonuses. After the Company attains profitability, the The Employee shall be eligible to be considered for an semi-annual incentive bonusbonuses with a target amount equal to 25% of his Base Salary. Such bonus bonuses (if any) shall be awarded based on objective or subjective criteria established in advance the attainment of strategic objectives by the Board or its Company. Such objectives shall be established by the Compensation Committee. The determinations Committee of the Board or Board, and its Compensation Committee determinations with respect to such bonus bonuses shall be final and binding. Except as expressly provided in this Agreement, the Employee shall not be entitled to an incentive bonus if he is not employed by the Company on the date when such bonus is payable.

Appears in 2 contracts

Samples: Employment Agreement (Selectica Inc), Employment Agreement (Selectica Inc)

Incentive Bonuses. After the Company attains profitability, the The Employee shall be eligible to be considered for an annual incentive bonus. Such bonus (if any) shall be awarded based on objective or subjective criteria established in advance by the CEO, CFO or COO, as may be approved by the Board or its Compensation Committeeand, after such approval, presented to Employee. The determinations of the Board or its Compensation Committee with respect to such bonus shall be final and binding. Except as expressly provided in this Agreement, the Employee shall not be entitled to an incentive bonus if he is not employed by the Company on the date when such bonus is payable.

Appears in 2 contracts

Samples: Employment Agreement (Planetout Inc), Employment Agreement (Planetout Inc)

Incentive Bonuses. After the Company attains profitability, the The Employee shall be eligible to be considered for an annual incentive bonusbonus with a target amount equal to 40% of his Base Compensation (the “Annual Target Bonus”). Such bonus (if any) shall be awarded based on objective or subjective criteria established in advance by the Board or its Compensation CommitteeBoard. The determinations of the Board or its Compensation Committee with respect to such bonus shall be final and binding. Except as expressly provided in this Agreement, the Employee shall not be entitled to an Any incentive bonus if he is not employed by for a fiscal year shall in no event be paid later than 21/2 months after the Company on the date when close of such bonus is payablefiscal year.

Appears in 2 contracts

Samples: Employment Agreement (Vanda Pharmaceuticals Inc.), Employment Agreement (Vanda Pharmaceuticals Inc.)

Incentive Bonuses. After the Company attains profitability, the The Employee shall be eligible to be considered for an annual incentive bonusbonus with a target amount equal to 25% of his Base Compensation (the "Annual Target Bonus"). Such bonus (if any) shall be awarded based on objective or subjective criteria established in advance by the Board or its Compensation CommitteeBoard. The determinations of the Board or its Compensation Committee with respect to such bonus shall be final and binding. Except as expressly provided in this Agreement, the Employee shall not be entitled to an incentive bonus if he is not employed by the Company on the date when such bonus is payable.

Appears in 2 contracts

Samples: Employment Agreement (Vanda Pharmaceuticals Inc.), Employment Agreement (Vanda Pharmaceuticals Inc.)

Incentive Bonuses. After the Company attains profitability, the The Employee shall be eligible to be considered for an annual incentive bonus. Such bonus (if any) shall be awarded based on objective or subjective criteria established in advance by the CEO or COO as may be approved by the Board or its Compensation Committeeand, after such approval, presented to Employee. The determinations of the Board or its Compensation Committee with respect to such bonus shall be final and binding. Except as expressly provided in this Agreement, the Employee shall not be entitled to an incentive bonus if he is not employed by the Company on the date when such bonus is payable.

Appears in 1 contract

Samples: Employment Agreement (Planetout Inc)

Incentive Bonuses. After the Company attains profitability, the The Employee shall be eligible to be considered for an annual incentive bonusbonus with a target amount equal to 34.3% of Base Compensation. Such bonus (if any) shall be awarded based on objective or subjective criteria established in advance by the Company's Board of Directors (the "Board") or its Compensation Committee. The determinations of the Board or its Compensation such Committee with respect to such bonus shall be final and binding. Except as expressly provided in this Agreement, the Employee shall not be entitled to an incentive bonus if he is not employed by the Company on the date when such bonus is payable.

Appears in 1 contract

Samples: Employment Agreement (Hyperion Solutions Corp)

Incentive Bonuses. After the Company attains profitability, the The Employee shall be eligible to be considered for an annual incentive bonusbonus with a target amount of $200,000 (two hundred thousand dollars). Such bonus (if any) shall be awarded based on objective or subjective criteria established in advance by the Company's Board of Directors (the "Board") or its Compensation Committee. The determinations of the Board or its Compensation such Committee with respect to such bonus shall be final and binding. Except as expressly provided in this Agreement, the Employee shall not be entitled to an incentive bonus if he is not employed by the Company on the date when such bonus is payable.

Appears in 1 contract

Samples: Employment Agreement (Hyperion Solutions Corp)

Incentive Bonuses. After the Company attains profitability, the The Employee shall be eligible to be considered for an annual incentive bonusbonus with a target amount equal to 35% of his Base Compensation. Such bonus (if any) shall be awarded based on objective or subjective criteria established in advance by the Company's Board of Directors (the "Board") or its Compensation Committee. The determinations of the Board or its Compensation such Committee with respect to such bonus shall be final and binding. Except as expressly provided in this Agreement, the Employee shall not be entitled to an incentive bonus if he is not employed by the Company on the date when such bonus is payable.

Appears in 1 contract

Samples: Employment Agreement (Hyperion Solutions Corp)

Incentive Bonuses. After the Company attains profitability, the The Employee shall be eligible to be considered for an annual incentive bonus. Such bonus (if any) shall be awarded based on objective or subjective criteria established in advance by the Company's Board of Directors (the "Board") or its the Compensation CommitteeCommittee of the Board. The determinations of the Board or its Compensation Committee with respect to such bonus shall be final and binding. Except as expressly provided in this Agreement, the The Employee shall not be entitled to an incentive bonus if he is not employed by the Company on the date when such bonus is payable.

Appears in 1 contract

Samples: Employment Agreement (Natera, Inc.)

Incentive Bonuses. After the Company attains profitability, the The Employee shall be eligible to be considered for an annual incentive bonusbonus with a target amount equal to [15]% of his Base Compensation (the "Annual Target Bonus"). Such bonus (if any) shall be awarded based on objective or subjective criteria established in advance by the Board or its Compensation CommitteeBoard. The determinations of the Board or its Compensation Committee with respect to such bonus shall be final and binding. Except as expressly provided in this Agreement, the Employee shall not be entitled to an incentive bonus if he is not employed by the Company on the date when such bonus is payable.

Appears in 1 contract

Samples: Employment Agreement (Vanda Pharmaceuticals Inc.)

Incentive Bonuses. After the Company attains profitability, the The Employee shall be eligible to be considered for an annual incentive bonusbonus with a target amount equal to a maximum of 50% of his Base Compensation. Such bonus (if any) shall be awarded based on objective or subjective criteria established in advance by the Board or its Compensation Committee, approved by the Board and after such approval presented to Employee. The determinations of the Board or its Compensation Committee with respect to such bonus shall be final and binding. Except as expressly provided in this Agreement, the Employee shall not be entitled to an incentive bonus if he is not employed by the Company on the date when such bonus is payable.

Appears in 1 contract

Samples: Employment Agreement (Planetout Inc)

Incentive Bonuses. After the Company attains profitability, the The Employee shall be eligible to be considered for an annual incentive bonusbonus with a target amount equal to 20% of his Base Salary. Such bonus (if any) shall be awarded based on objective or subjective criteria established in advance the attainment of strategic objectives by the Board or its Company’s CPQ Division. Such objectives shall be established by the Compensation Committee. The determinations Committee of the Board or Board, and its Compensation Committee determinations with respect to such bonus shall be final and binding. Except as expressly provided in this Agreement, the Employee shall not be entitled to an incentive bonus if he is not employed by the Company on the date when such bonus is payable.

Appears in 1 contract

Samples: Employment Agreement (Selectica Inc)

Incentive Bonuses. After the Company attains profitability, the The Employee shall be eligible to be considered for an annual incentive bonusbonus with a target amount of $150,000 (one hundred fifty thousand dollars). Such bonus (if any) shall be awarded based on objective or subjective criteria established in advance by the Company's Board of Directors (the "Board") or its Compensation Committee. The determinations of the Board or its Compensation such Committee with respect to such bonus shall be final and binding. Except as expressly provided in this Agreement, the Employee shall not be entitled to an incentive bonus if he is not employed by the Company on the date when such bonus is payable.

Appears in 1 contract

Samples: Employment Agreement (Hyperion Solutions Corp)

AutoNDA by SimpleDocs

Incentive Bonuses. After the Company attains profitability, the The Employee shall be eligible to be considered for an annual incentive bonusbonus with a target amount equal to his Base Compensation. Such bonus (if any) shall be awarded based on objective or subjective criteria reasonably established in advance by agreement between the Board or its Employee and the Compensation CommitteeCommittee of the Board. The reasonable determinations of the Board or its Compensation Committee with respect to such bonus shall be final and binding. Except as expressly provided in this Agreement, the Employee shall not be entitled subject to an incentive bonus if he is not employed by the Company on the date when such bonus is payableSection 10(g).

Appears in 1 contract

Samples: Employment Agreement (Micromuse Inc)

Incentive Bonuses. After the Company attains profitability, the The Employee shall be eligible to be considered for an annual incentive bonusbonus with a target amount equal to 60.4% of his Base Compensation. Such bonus (if any) shall be awarded based on objective or subjective criteria established in advance by the Company's Board of Directors (the "Board") or its Compensation Committee. The determinations of the Board or its Compensation such Committee with respect to such bonus shall be final and binding. Except as expressly provided in this Agreement, the Employee shall not be entitled to an incentive bonus if he is not employed by the Company on the date when such bonus is payable.

Appears in 1 contract

Samples: Employment Agreement (Hyperion Solutions Corp)

Incentive Bonuses. After the Company attains profitability, the The Employee shall be eligible to be considered for an annual incentive bonusbonus with a target amount equal to 40% of his Base Compensation (the "Annual Target Bonus"). Such bonus (if any) shall be awarded based on objective or subjective criteria established in advance by the Board or its Compensation CommitteeBoard. The determinations of the Board or its Compensation Committee with respect to such bonus shall be final and binding. Except as expressly provided in this Agreement, the Employee shall not be entitled to an incentive bonus if he is not employed by the Company on the date when such bonus is payable.

Appears in 1 contract

Samples: Employment Agreement (Vanda Pharmaceuticals Inc.)

Incentive Bonuses. After the Company attains profitability, the The Employee shall be eligible to be considered for an annual incentive bonus. Such bonus (if any) shall be awarded based on objective or subjective criteria established in advance by the Company's Board of Directors (the "Board") or its the Compensation CommitteeCommittee of the Board. The determinations of the Board or its Compensation Committee with respect to such bonus shall be final and binding. Except as expressly provided in this Agreement, the The Employee shall not be entitled to an incentive bonus if he is not employed by the Company on the date when such bonus is payable.

Appears in 1 contract

Samples: Employment Agreement (Natural Gas Systems Inc/New)

Incentive Bonuses. After the Company attains profitability, the The Employee shall be eligible to be considered for an annual incentive bonusbonus with a target amount equal to 75% of his Base Compensation. Such bonus (if any) shall be awarded based on objective or subjective criteria established in advance by the Company's Board of Directors (the "Board") or its Compensation Committee. Bonus will be payable up to a maximum of 150% of target. The determinations of the Board or its Compensation such Committee with respect to such bonus shall be final and binding. Except as expressly provided in this Agreement, the Employee shall not be entitled to an incentive bonus if he is not employed by the Company on the date when such bonus is payable.

Appears in 1 contract

Samples: Employment Agreement (Hyperion Solutions Corp)

Incentive Bonuses. After the Company attains profitability, the The Employee shall be eligible to be considered for an annual incentive bonusbonus with a target amount equal to 40% of his Base Compensation. Such bonus (if any) shall be awarded based on objective or subjective criteria established in advance by the Company's Board or its Compensation Committeeof Directors (the "Board"). The determinations of the Board or its Compensation Committee with respect to such bonus shall be final and binding. Except as expressly provided in this AgreementThe foregoing notwithstanding, the Employee shall not be entitled to an incentive bonus if he is not employed by for the Company on the date when such bonus is payableperiod from July 1, 1998, to June 30, 1999, shall in no event be less than $76,000.

Appears in 1 contract

Samples: Employment Agreement (Hyperion Solutions Corp)

Incentive Bonuses. After the Company attains profitability, the i) The Employee shall be eligible to be considered for an annual incentive bonusbonus with a target amount equal to a minimum of 30% of his Base Compensation ("Incentive Bonus"). Such bonus The Incentive Bonus (if any) shall be awarded based on objective or subjective criteria established in advance by the Board or its Compensation Committeesenior-most executive officer of the Company, and approved by the Board. The determinations of the Board or its Compensation Committee with respect to such bonus the Incentive Bonus shall be final and binding. Except as expressly provided in this Agreement, the Employee shall not be entitled to an incentive bonus if he is not employed by the Company on the date when such bonus is payable.

Appears in 1 contract

Samples: Employment Agreement (Planetout Inc)

Incentive Bonuses. After the Company attains profitability, the The Employee shall be eligible to be considered for an annual incentive bonusbonus with a target amount equal to a maximum of 40% of his Base Compensation. Such bonus (if any) shall be awarded based on objective or subjective criteria established in advance by the CEO and Board or its Compensation Committee, approved by the Company's Board of Directors (the "Board") and after such approval presented to Employee. The determinations of the Board or its Compensation Committee with respect to such bonus shall be final and binding. Except as expressly provided in this Agreement, the Employee shall not be entitled to an incentive bonus if he is not employed by the Company on the date when such bonus is payable.

Appears in 1 contract

Samples: Employment Agreement (Planetout Inc)

Incentive Bonuses. After the Company attains profitability, the The Employee shall be eligible to be considered for an annual incentive bonusbonus with a target amount equal to 28% of his Base Compensation (the "Annual Target Bonus"). Such bonus (if any) shall be awarded based on objective or subjective criteria established in advance by the Board or its Compensation CommitteeBoard. The determinations of the Board or its Compensation Committee with respect to such bonus shall be final and binding. Except as expressly provided in this Agreement, the Employee shall not be entitled to an incentive bonus if he is not employed by the Company on the date when such bonus is payable.

Appears in 1 contract

Samples: Employment Agreement (Vanda Pharmaceuticals Inc.)

Incentive Bonuses. After the Company attains profitability, the The Employee shall be eligible to be considered for an annual incentive bonusbonus with a target amount equal to 50% of his Base Compensation. Such bonus (if any) shall be awarded based on objective or subjective criteria established in advance by the Company's Board of Directors (the "Board") or its Compensation Committee. Bonus will be payable on a pro rated basis starting at achievement of a minimum of 80% targeted goal. Achievement above targeted goal will increase percent of Base Compensation payable as a bonus up to a maximum of 75% of Base Compensation The determinations of the Board or its Compensation such Committee with respect to such bonus shall be final and binding. Except as expressly provided in this Agreement, the Employee shall not be entitled to an incentive bonus if he is not employed by the Company on the date when such bonus is payable.

Appears in 1 contract

Samples: Employment Agreement (Hyperion Solutions Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!