Common use of Incentive Cash Compensation Clause in Contracts

Incentive Cash Compensation. (a) For the Company's fiscal year that will begin on January 1, 2005, and for each subsequent fiscal year or portion thereof during the Employment Period, the Executive shall also be eligible to receive incentive cash compensation based on (i) the "Annual Bonus Expectancy Amount," which shall be fifty percent (50%) of the Executive's base salary for such year, and (ii) the Executive's performance in relation to the performance areas and performance targets on which the Executive and the Board or the Compensation Committee shall agree as described below.

Appears in 2 contracts

Samples: Employment Agreement (Nastech Pharmaceutical Co Inc), Employment Agreement (Nastech Pharmaceutical Co Inc)

AutoNDA by SimpleDocs

Incentive Cash Compensation. (a) For the Company's fiscal year that will begin on began January 1, 20052002, and for each subsequent fiscal year or portion thereof during the Employment Period, the Executive shall also be eligible entitled to receive incentive cash compensation based on (i) the "Annual Base Bonus Expectancy Amount," which shall be fifty percent of one hundred thousand dollars (50%$100,000.00) of (or more if so determined by the Executive's base salary for such year, Compensation Committee or by the Board) and (ii) the Executive's performance in relation to the performance areas and performance targets levels on which the Executive and the Board or the Compensation Committee shall agree as described below.

Appears in 1 contract

Samples: Employment Agreement (Nastech Pharmaceutical Co Inc)

AutoNDA by SimpleDocs

Incentive Cash Compensation. (a) For the Company's fiscal year that will begin on January 1, 20052006, and for each subsequent fiscal year or portion thereof during the Employment Period, the Executive shall also be eligible to receive incentive cash compensation based on (i) the "Annual Bonus Expectancy Amount," which shall be fifty forty percent (5040%) of the Executive's base salary for such year, and (ii) the Executive's performance in relation to the performance areas and performance targets on which the Chief Executive and Officer and/or the Board or shall determine and communicate to the Compensation Committee shall agree Executive as described below.

Appears in 1 contract

Samples: Employment Agreement (Nastech Pharmaceutical Co Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.