Common use of Incentive Compensation Clause in Contracts

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Compensation Committee from time to time. The Executive’s initial target annual incentive compensation shall be 40 percent of his Base Salary (the “Target Annual Incentive Compensation”). Except as otherwise provided herein, to earn incentive compensation, the Executive must be employed by the Company on the day such incentive compensation is paid.

Appears in 6 contracts

Samples: Employment Agreement (Xeris Pharmaceuticals Inc), Employment Agreement, Employment Agreement (Xeris Pharmaceuticals Inc)

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Incentive Compensation. During the Term, the The Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Compensation Committee from time to time. The Executive’s initial target annual incentive compensation shall be 40 forty five percent (45%) of his their Base Salary (Salary, although any the “Target Annual Incentive Compensation”)actual incentive compensation amount shall be discretionary. Except as otherwise provided herein, to To earn incentive compensation, the Executive must be employed by the Company on the day such incentive compensation is paid.

Appears in 6 contracts

Samples: Employment Agreement (Bluebird Bio, Inc.), Employment Agreement (Bluebird Bio, Inc.), Employment Agreement (Bluebird Bio, Inc.)

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Compensation Committee Committee, in its sole discretion, from time to time. The For the Company’s 2017 fiscal year, Executive’s initial target annual incentive compensation shall be 40 percent 45% of his Executive’s Base Salary (Salary, and will be awarded based on the “Target Annual Incentive Compensation”)objective and/or subjective criteria established and approved by the Board or the Committee, as applicable. Except as otherwise provided hereinThe Board or Committee shall have the sole discretion to determine whether Executive has earned any bonus and, to earn incentive compensationif so, the Executive must be employed by the Company on the day amount of such incentive compensation is paidbonus.

Appears in 6 contracts

Samples: Employment Agreement (Forescout Technologies, Inc), Employment Agreement (Forescout Technologies, Inc), Employment Agreement (Forescout Technologies, Inc)

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by and in the sole discretion of the Board or the Compensation Committee from time to time. The Executive’s initial target annual incentive compensation shall be 40 percent 40% of his the Executive’s Base Salary Salary, as may be redetermined from time to time (the “Target Annual Incentive Compensation”), with any incentive compensation for the year in which employment commences to be prorated based on the Effective Date. Except as otherwise provided herein, to To earn incentive compensation, the Executive must be employed by the Company on the day such incentive compensation is paid.

Appears in 5 contracts

Samples: Employment Agreement (Magenta Therapeutics, Inc.), Employment Agreement (Magenta Therapeutics, Inc.), Employment Agreement (Magenta Therapeutics, Inc.)

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Compensation Committee from time to time. The Executive’s initial target annual incentive compensation shall be 40 35 percent of his Executive’s Base Salary (the Salary. The target annual incentive compensation in effect at any given time is referred to herein as “Target Annual Cash Incentive Compensation”). Except as otherwise provided herein, to .” To earn incentive compensation, the Executive must be employed by the Company on the day such incentive compensation is paid.

Appears in 4 contracts

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

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Compensation Committee from time to time. The Executive’s initial target annual incentive compensation shall be 40 percent 40% of his his/her Base Salary (the “Target Annual Incentive Compensation”)Salary. Except as otherwise provided herein, to To earn incentive compensation, the Executive must be employed by the Company on the day such incentive compensation is paid.

Appears in 4 contracts

Samples: Employment Agreement (Cogent Biosciences, Inc.), Employment Agreement (Cogent Biosciences, Inc.), Employment Agreement (Cogent Biosciences, Inc.)

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Compensation Committee designated committee thereof from time to time. The Executive’s initial target annual incentive compensation shall be 40 110 percent of his Base Salary (the “Target Annual Incentive Compensation”)Salary. Except as otherwise provided herein, Cash incentive compensation will be paid to earn incentive compensation, the Executive must be employed in quarterly installments no later than sixty (60) days after the end of each relevant calendar quarter, subject to the Executive’s continued employment by the Company on through the day end of such incentive compensation is paidcalendar quarter.

Appears in 4 contracts

Samples: Employment Agreement (Trade Desk, Inc.), Employment Agreement (Trade Desk, Inc.), Employment Agreement (Trade Desk, Inc.)

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Compensation Committee from time to time. The Executive’s initial target annual incentive compensation shall be 40 thirty-five percent (35%) of his Base Salary (the “Target Annual Incentive Compensation”)Salary. Except as otherwise provided herein, to To earn incentive compensation, the Executive must be employed by the Company on the day such incentive compensation is paid.

Appears in 4 contracts

Samples: Employment Agreement, Employment Agreement (Bluebird Bio, Inc.), Employment Agreement (Bluebird Bio, Inc.)

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Compensation Committee from time to time. The Executive’s initial target annual incentive compensation shall be 40 percent 40% of his the Base Salary (the “Target Annual Incentive CompensationBonus”). Except as otherwise provided herein, to earn incentive compensation, the Executive must be employed by the Company on the day such incentive compensation is paid.

Appears in 4 contracts

Samples: Employment Agreement (Gemini Therapeutics, Inc. /DE), Employment Agreement (Gemini Therapeutics, Inc. /DE), Employment Agreement (Gemini Therapeutics, Inc. /DE)

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Compensation Committee from time to time. The Executive’s initial target annual incentive compensation shall be 40 35 percent (35%) of his Base Salary (the “Target Annual Incentive Compensation”)Salary. Except as otherwise provided herein, to To earn incentive compensation, the Executive must be employed by the Company on the day such incentive compensation is paid.

Appears in 4 contracts

Samples: Employment Agreement, Employment Agreement (rEVO Biologics, Inc.), Employment Agreement (Bluebird Bio, Inc.)

Incentive Compensation. During the Term, the The Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Compensation Committee from time to time. The Executive’s initial target annual incentive compensation shall be 40 forty five percent (45%) of his Base Salary (Salary, although any the “Target Annual Incentive Compensation”)actual incentive compensation amount shall be discretionary. Except as otherwise provided herein, to To earn incentive compensation, the Executive must be employed by the Company on the day such incentive compensation is paid.

Appears in 3 contracts

Samples: Employment Agreement (Bluebird Bio, Inc.), Employment Agreement (Bluebird Bio, Inc.), Employment Agreement (Bluebird Bio, Inc.)

Incentive Compensation. During the Term, the The Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Compensation Committee from time to time. The Executive’s initial target annual incentive compensation shall be 40 percent of his the Executive’s Base Salary (the Salary. The target annual incentive compensation in effect at any given time is referred to herein as “Target Annual Incentive Compensation”)Bonus.” The actual amount of the Executive’s annual incentive compensation, if any, shall be determined in the sole discretion of the Board or the Compensation Committee, subject to the terms of any applicable incentive compensation plan that may be in effect from time to time. Except as otherwise provided herein, to To earn incentive compensation, the Executive must be employed by the Company on the day such incentive compensation is paid.

Appears in 3 contracts

Samples: Employment Agreement (iTeos Therapeutics, Inc.), Employment Agreement (iTeos Therapeutics, Inc.), Employment Agreement (iTeos Therapeutics, Inc.)

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Compensation Committee in their sole discretion from time to time. The Executive’s initial target annual incentive compensation shall be 40 40% percent of his the Base Salary (the “Target Annual Incentive CompensationBonus”). Except as otherwise provided herein, to earn incentive compensation, the Executive must be employed by the Company on the day such incentive compensation is paid.

Appears in 3 contracts

Samples: Employment Agreement (Axcella Health Inc.), Employment Agreement (Axcella Health Inc.), Employment Agreement (Axcella Health Inc.)

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Compensation Committee from time to time. The Executive’s initial target annual incentive compensation shall be 40 35 percent of his Base Salary (the “Target Annual Incentive Compensation”)Salary. Except as otherwise provided herein, to To earn incentive compensation, the Executive must be employed by the Company on the last day of the period on which such incentive compensation is paidmeasured.

Appears in 3 contracts

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

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Compensation Committee from time to time. The Executive’s initial target annual incentive compensation shall be 40 40% percent of his her Base Salary (the “Target Annual Incentive Compensation”). Except as otherwise provided herein, to To earn incentive compensation, the Executive must be employed by the Company on the day such incentive compensation is paid.

Appears in 3 contracts

Samples: Employment Agreement, Employment Agreement (resTORbio, Inc.), Employment Agreement (resTORbio, Inc.)

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Compensation Committee from time to time. The Executive’s initial target annual incentive compensation shall be 40 35 percent of his Base Salary (the “Target Annual Incentive Compensation”)Salary. Except as otherwise provided herein, to To earn incentive compensation, the Executive must be employed by the Company on the day such incentive compensation is paid.

Appears in 3 contracts

Samples: Employment Agreement (Unum Therapeutics Inc.), Employment Agreement (Unum Therapeutics, Inc.), Employment Agreement (Unum Therapeutics, Inc.)

Incentive Compensation. During the Term, the The Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Compensation Committee from time to time. The Executive’s initial 's target annual incentive compensation bonus shall be 40 35 percent of his Base Salary (the “Target Annual Incentive Compensation”). Except as otherwise provided herein, to earn incentive compensation, the Executive must be employed by the Company on the day such incentive compensation is paidSalary.

Appears in 3 contracts

Samples: Employment Agreement (Danvers Bancorp, Inc.), Employment Agreement (Danvers Bancorp, Inc.), Employment Agreement (Danvers Bancorp, Inc.)

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Compensation Committee from time to time. The Executive’s initial target annual incentive compensation shall be 40 35 percent of his Base Salary (the “Target Annual Incentive Compensation”)Salary. Except as otherwise provided herein, to earn incentive compensation, the Executive must be employed by the Company on the day such incentive compensation is paid.

Appears in 3 contracts

Samples: Employment Agreement (Neos Therapeutics, Inc.), Employment Agreement (Neos Therapeutics, Inc.), Employment Agreement (Neos Therapeutics, Inc.)

Incentive Compensation. During the Term, the Executive shall be eligible to receive annual cash incentive compensation as determined by the Board or the Compensation Committee from time to time. The Executive’s initial target annual incentive compensation shall be 40 percent up to 50% of his Base Salary (and tied to Company performance targets as determined by the “Target Annual Incentive Compensation”)Compensation Committee. Except as otherwise provided herein, to To earn incentive compensation, the Executive must be employed by the Company on the day such incentive compensation is paid.

Appears in 3 contracts

Samples: Employment Agreement (Aware Inc /Ma/), Employment Agreement (Aware Inc /Ma/), Employment Agreement (Aware Inc /Ma/)

Incentive Compensation. During the Term, the The Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Company’s Compensation Committee from time to time. The Executive’s initial target annual incentive compensation shall be 40 percent Forty Percent (40%) of his Base Salary (Salary, and the actual bonus amount shall be determined by the Company’s Compensation Committee. The target annual incentive compensation in effect at any given time is referred to herein as “Target Annual Incentive Compensation”)Bonus.” The Target Bonus may be redetermined by the Company’s Compensation Committee, after consultation with the CEO. Except as otherwise provided herein, to earn To be eligible for incentive compensation, the Executive must be employed by the Company on the day such incentive compensation is paid.

Appears in 3 contracts

Samples: Employment Agreement, Employment Agreement (Vericel Corp), Employment Agreement (Vericel Corp)

Incentive Compensation. During the Term, the The Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Compensation Committee from time to time. The Executive’s initial target annual incentive compensation shall be 40 seventy-five percent (75%) of his the Executive’s Base Salary (the “Target Annual Incentive CompensationBonus”). The actual amount of the Executive’s annual incentive compensation, if any, shall be determined in the sole discretion of the Board or the Compensation Committee. Except as otherwise provided herein, to earn incentive compensation, the Executive must be employed by the Company on the day such incentive compensation is paid.

Appears in 2 contracts

Samples: Employment Agreement (MeridianLink, Inc.), Employment Agreement (MeridianLink, Inc.)

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Compensation Committee from time to time. The Executive’s initial target annual incentive compensation for calendar year 2019 and each calendar year thereafter shall be 40 percent of his Base Salary (the “Target Annual Incentive Compensation”)Salary. Except as otherwise provided herein, to earn incentive compensation, the Executive must be employed by the Company on the day such incentive compensation is paid.

Appears in 2 contracts

Samples: Employment Agreement (Neos Therapeutics, Inc.), Employment Agreement (Neos Therapeutics, Inc.)

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Compensation Committee from time to time. The Executive’s initial target annual incentive compensation shall be 40 percent 40% of his her Base Salary (the “Target Annual Incentive Compensation”)Salary. Except as otherwise provided herein, to To earn incentive compensation, the Executive must be employed by the Company on the day such incentive compensation is paid.

Appears in 2 contracts

Samples: Employment Agreement (Cogent Biosciences, Inc.), Employment Agreement (Unum Therapeutics Inc.)

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Compensation Committee from time to time. The Executive’s initial target annual incentive compensation shall be 40 30 percent (30%) of his Base Salary (the “Target Annual Incentive Compensation”)Salary. Except as otherwise provided herein, to To earn incentive compensation, the Executive must be employed by the Company on the day such incentive compensation is paid.

Appears in 2 contracts

Samples: Employment Agreement (rEVO Biologics, Inc.), Employment Agreement (rEVO Biologics, Inc.)

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Compensation Committee from time to time. The Executive’s initial target annual incentive compensation shall be 40 percent 40% of his the Base Salary (the “Target Annual Incentive CompensationBonus”), and for 2021, the cash incentive bonus shall be pro-rated from the Effective Date. Except as otherwise provided herein, to earn incentive compensation, the Executive must be employed by the Company on the day such incentive compensation is paid.

Appears in 2 contracts

Samples: Employment Agreement (Gemini Therapeutics, Inc. /DE), Employment Agreement (Gemini Therapeutics, Inc. /DE)

Incentive Compensation. During the Term, the The Executive shall be is eligible to receive cash annual incentive compensation compensation, to be paid on an annual basis, as determined by the Board or the Compensation Committee from time to time in accordance with the Company’s Amended and Restated Senior Executive Incentive Bonus Plan or any subsequent plan in effect from time to time. The Executive’s initial target annual incentive compensation shall be 40 percent 50% of his the Executive’s Base Salary (the “Target Annual Incentive Compensation”)Salary. Except as otherwise provided herein, to earn incentive compensation, the Executive must be employed by the Company on the day Any such incentive compensation is paidshall be paid no later than March 15 of the year following the year to which such compensation relates.

Appears in 2 contracts

Samples: Employment Agreement (Fate Therapeutics Inc), Employment Agreement (Fate Therapeutics Inc)

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Compensation Committee from time to time. The Executive’s initial target annual incentive compensation shall be 40 40% percent of his the Base Salary (the “Target Annual Incentive CompensationBonus”). Except as otherwise provided herein, to earn incentive compensation, the Executive must be employed by the Company on the day such incentive compensation is paid.

Appears in 2 contracts

Samples: Employment Agreement (Axcella Health Inc.), Employment Agreement (Axcella Health Inc.)

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Compensation Committee from time to time. The Executive’s initial target annual incentive compensation shall be 40 percent of his Base Salary (the “Target Annual Incentive CompensationBonus”). Except as otherwise provided herein, to earn incentive compensation, the Executive must be employed by the Company on the day such incentive compensation is paid.

Appears in 2 contracts

Samples: Employment Agreement (Axcella Health Inc.), Employment Agreement (Axcella Health Inc.)

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Compensation Committee from time to time, prior to December 31, 2016 taking into account recommendations by the Current CEO. The Executive’s initial target annual cash incentive compensation shall be 40 100% percent of his Base Salary (Salary, with such amount to be pro-rated for the “Target Annual Incentive Compensation”)fiscal year ending December 31, 2016 based on the portion of such period following the Commencement Date. Except as otherwise provided herein, to To earn incentive compensation, the Executive must be employed by the Company on the day such incentive compensation is paid.

Appears in 2 contracts

Samples: Employment Agreement, Employment Agreement (Ansys Inc)

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Compensation Committee from time to time. The Executive’s initial target annual incentive compensation shall be 40 65 percent (65%) of his Base Salary (the “Target Annual Incentive Compensation”)Salary. Except as otherwise provided herein, to To earn any incentive compensation, the Executive must be employed by the Company on the day such incentive compensation is paid.

Appears in 2 contracts

Samples: Employment Agreement (2seventy Bio, Inc.), Employment Agreement (2seventy Bio, Inc.)

Incentive Compensation. During the Term, the The Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Compensation Committee from time to time. The Executive’s initial target annual incentive compensation shall be 40 eighty-five (85%) percent of his the Executive’s Base Salary (the “Target Annual Incentive CompensationBonus”). The actual amount of the Executive’s annual incentive compensation, if any, shall be determined in the sole discretion of the Board or the Compensation Committee. Except as otherwise provided herein, to earn incentive compensation, the Executive must be employed by the Company on the day such incentive compensation is paid.

Appears in 2 contracts

Samples: Employment Agreement (MeridianLink, Inc.), Employment Agreement (Project Angel Parent, LLC)

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Compensation Committee from time to time. The Executive’s initial target management-based-on-objectives annual incentive compensation (“MBO”) shall be 40 fifty percent (50%) percent of his Base Salary (the “Target Annual Incentive Compensation”)Salary. Except as otherwise provided herein, to To earn incentive compensation, the Executive must be employed by the Company on the last day of the period on which such incentive compensation is paidmeasured.

Appears in 2 contracts

Samples: Employment Agreement, Employment Agreement (Brightcove Inc)

Incentive Compensation. During the Term, the The Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Compensation Committee from time to time. The Executive’s initial target annual incentive compensation shall be 40 percent of his the Executive’s Base Salary (the “Target Annual Incentive Compensation”). Except as otherwise provided herein, to earn incentive compensation, the Executive must be employed by the Company on the day such incentive compensation is paid.

Appears in 2 contracts

Samples: Employment Agreement (Xeris Biopharma Holdings, Inc.), Employment Agreement (Xeris Biopharma Holdings, Inc.)

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Compensation Committee from time to time. The As of the Effective Date, the Executive’s initial target annual incentive compensation shall be 40 percent of his Base Salary (the “Target Annual Incentive Compensation”)targeted at $300,000. Except as otherwise provided herein, to To earn incentive compensation, the Executive must be employed by the Company on the day such incentive compensation is paid.

Appears in 2 contracts

Samples: Employment Agreement (Hortonworks, Inc.), Employment Agreement (Hortonworks, Inc.)

Incentive Compensation. During the Term, the The Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Compensation Committee from time to time. The Executive’s initial target annual incentive compensation shall be 40 sixty (60%) percent of his the Executive’s Base Salary (the “Target Annual Incentive CompensationBonus”). The actual amount of the Executive’s annual incentive compensation, if any, shall be determined in the sole discretion of the Board or the Compensation Committee, subject to the terms of any applicable incentive compensation plan that may be in effect from time to time. Except as otherwise provided herein, to earn incentive compensation, the Executive must be employed by the Company on the day such incentive compensation is paid.

Appears in 2 contracts

Samples: Employment Agreement (Dynatrace, Inc.), Employment Agreement (Dynatrace Holdings LLC)

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Compensation Committee from time to time. The Executive’s initial target annual incentive compensation shall be 40 percent of his her Base Salary (the “Target Annual Incentive Compensation”). Except as otherwise provided herein, to earn incentive compensation, the Executive must be employed by the Company on the day such incentive compensation is paid.

Appears in 2 contracts

Samples: Employment Agreement (Xeris Pharmaceuticals Inc), Employment Agreement (Xeris Pharmaceuticals Inc)

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Compensation Committee from time to time. The Executive’s initial target annual incentive compensation shall be 40 50 percent of his Base Salary (the “Target Annual Incentive Compensation”). Except as otherwise provided herein, to earn incentive compensation, the Executive must be employed by the Company on the day such incentive compensation is paid.

Appears in 2 contracts

Samples: Employment Agreement (scPharmaceuticals Inc.), Employment Agreement (scPharmaceuticals Inc.)

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Compensation Committee from time to time. The Executive’s initial target annual incentive compensation shall be 40 twenty percent (20%) of his Base Salary (the “Target Annual Incentive Compensation”). Except as otherwise provided herein, to earn incentive compensation, the Executive must be employed by the Company on the day such incentive compensation is paid.

Appears in 2 contracts

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

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Compensation Committee from time to time. The Executive’s initial target annual incentive compensation shall be 40 45 percent (45%) of his Base Salary (the “Target Annual Incentive Compensation”)Salary. Except as otherwise provided herein, to To earn any incentive compensation, the Executive must be employed by the Company on the day such incentive compensation is paid.

Appears in 2 contracts

Samples: Employment Agreement (2seventy Bio, Inc.), Employment Agreement (2seventy Bio, Inc.)

Incentive Compensation. During the Term, the The Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Compensation Committee from time to time. The Executive’s initial target annual incentive compensation shall be 40 45 percent (45%) of his Base Salary (Salary, although any the “Target Annual Incentive Compensation”)actual incentive compensation amount shall be discretionary. Except as otherwise provided herein, to To earn any incentive compensation, the Executive must be employed by the Company on the day such incentive compensation is paid.

Appears in 2 contracts

Samples: Employment Agreement (2seventy Bio, Inc.), Employment Agreement (2seventy Bio, Inc.)

Incentive Compensation. During the Term, the The Executive shall be eligible to receive cash incentive compensation as determined by the Board or CEO in consultation with the Company’s Compensation Committee from time to time. The Executive’s initial target annual incentive compensation shall be 40 thirty percent (30%) of his her Base Salary (the “Target Annual Incentive Compensation”)Salary. Except as otherwise provided herein, to earn To be eligible for an incentive compensationcompensation payment, the Executive must be employed by the Company on the day such incentive compensation is paid.

Appears in 2 contracts

Samples: Employment Agreement (Aastrom Biosciences Inc), Employment Agreement (Aastrom Biosciences Inc)

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Compensation Committee from time to time. The Executive’s initial target annual incentive compensation shall be 40 forty percent (40%) of his Base Salary (as in effect at any time, the “Target Annual Incentive Compensation”). Except as otherwise provided herein, to To earn incentive compensation, the Executive must be employed by the Company on the day such incentive compensation is paid.

Appears in 2 contracts

Samples: Employment Agreement, Employment Agreement (AVROBIO, Inc.)

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Compensation Committee from time to time. The Executive’s initial target annual incentive compensation shall be 40 [ ] percent of his or her Base Salary (the “Target Annual Incentive Compensation”)Salary. Except as otherwise provided herein, to earn incentive compensation, the Executive must be employed by the Company on the day such incentive compensation is paid.

Appears in 2 contracts

Samples: Employment Agreement, Employment Agreement (Intellia Therapeutics, Inc.)

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Compensation Committee from time to time. The Executive’s initial target annual incentive compensation shall be 40 50 percent (50%) of his Base Salary (the “Target Annual Incentive Compensation”)Salary. Except as otherwise provided herein, to To earn incentive compensation, the Executive must be employed by the Company on the day such incentive compensation is paid.

Appears in 2 contracts

Samples: Employment Agreement (rEVO Biologics, Inc.), Employment Agreement (Bluebird Bio, Inc.)

Incentive Compensation. During the Term, the The Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Compensation Committee Company from time to time. The Executive’s initial target annual incentive compensation shall be 40 thirty five percent (35%) of his Base Salary (with the “Target Annual Incentive Compensation”)actual amount to be determined by the Company in its discretion. Except as otherwise provided herein, to earn To be eligible for an incentive compensationcompensation payment, the Executive must be employed by the Company on the day such incentive compensation is paid.

Appears in 2 contracts

Samples: Employment Agreement (Aastrom Biosciences Inc), Employment Agreement (Aastrom Biosciences Inc)

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Compensation Committee from time to time. The Executive’s initial target annual incentive compensation shall be 40 percent of his Base Salary (the “Target Annual Incentive Compensation”). Except as otherwise provided herein, to earn incentive compensation, the Executive must be employed by the Company on the day such incentive compensation is paidSalary.

Appears in 2 contracts

Samples: Employment Agreement (HOOKIPA Pharma Inc.), Employment Agreement (HOOKIPA Pharma Inc.)

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Compensation Committee from time to time. The Executive’s initial target annual incentive compensation shall be 40 percent $260,000 which is equivalent to 69.3% of his the Executive’s Base Salary (the “Target Annual Incentive CompensationBonus”). The actual amount of the Executive’s annual incentive compensation, if any, shall be determined in the sole discretion of the Board or the Compensation Committee, subject to the terms of any applicable incentive compensation plan that may be in effect from time to time. Except as otherwise provided herein, to earn incentive compensation, the Executive must be employed by the Company on the day such incentive compensation is paid.. (c)

Appears in 2 contracts

Samples: Employment Agreement (Phreesia, Inc.), Employment Agreement (Phreesia, Inc.)

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Compensation Committee from time to time. The Executive’s initial target annual incentive compensation shall be 40 percent of his Base Salary (the “Target Annual Incentive CompensationBonus)) and be based on predetermined metrics as determined by the Board or the Compensation Committee. Except as otherwise provided herein, to earn incentive compensation, the Executive must be employed by the Company on the day such incentive compensation is paid.

Appears in 2 contracts

Samples: Employment Agreement (Karuna Therapeutics, Inc.), Employment Agreement (Karuna Therapeutics, Inc.)

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Compensation Committee from time to time. The Executive’s initial target annual incentive compensation shall be 40 percent 50% of his the Base Salary (the “Target Annual Incentive CompensationBonus”). Except as otherwise provided herein, to earn incentive compensation, the Executive must be employed by the Company on the day such incentive compensation is paid.

Appears in 1 contract

Samples: Employment Agreement (Gemini Therapeutics, Inc. /DE)

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Compensation Committee from time to time. The Executive’s initial target annual incentive compensation shall be 40 twenty five percent (25%) of his Base Salary (the “Target Annual Incentive Compensation”). Except as otherwise provided herein, to earn incentive compensation, the Executive must be employed by the Company on the day such incentive compensation is paid.

Appears in 1 contract

Samples: Employment Agreement (Aerpio Pharmaceuticals, Inc.)

Incentive Compensation. During the Term, the Executive shall will be eligible to receive be considered for annual cash incentive compensation as determined by the Board of Directors or the Compensation Committee from time to time. The Executive’s initial annual target annual incentive compensation shall bonus will be 40 percent of his Base Salary (the “Target Annual Incentive Compensation”)$85,000. Except as otherwise provided herein, to To earn incentive compensation, the Executive must be employed by the Company on the day such incentive compensation is paid.

Appears in 1 contract

Samples: Executive Agreement (Eloqua, Inc.)

Incentive Compensation. During the Term, the The Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Compensation Committee from time to time. The Executive’s initial target annual incentive compensation shall be 40 forty five percent (45%) of their Base Salary, although any the actual incentive compensation amount shall be discretionary. In addition, notwithstanding the foregoing, for 2024, Executive’s bonus will be prorated to reflect his Base Salary (period of employment during 2024 based on the “Target Annual Incentive Compensation”)Start Date. Except as otherwise provided herein, to To earn incentive compensation, the Executive must be employed by the Company on the day such incentive compensation is paid.

Appears in 1 contract

Samples: Employment Agreement (Bluebird Bio, Inc.)

Incentive Compensation. During the Term, the The Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Compensation Committee from time to time. The Executive’s initial target annual incentive compensation shall be 40 50 percent of his the Executive’s Base Salary (the “Target Annual Incentive Compensation”). Except as otherwise provided herein, to earn incentive compensation, the Executive must be employed by the Company on the day such incentive compensation is paid.

Appears in 1 contract

Samples: Employment Agreement (Xeris Biopharma Holdings, Inc.)

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Compensation Committee from time to time. The Executive’s initial target annual incentive compensation shall be 40 forty percent (40%) of his her Base Salary (as in effect at any time, the “Target Annual Incentive Compensation”). Except as otherwise provided herein, to earn incentive compensation, the Executive must be employed by the Company on the day such incentive compensation is paid.

Appears in 1 contract

Samples: Employment Agreement (AVROBIO, Inc.)

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Compensation Committee from time to time. The Executive’s initial target annual incentive compensation shall be 40 fifty percent (50%) of his her Base Salary (as in effect at any time, the “Target Annual Incentive Compensation”). Except as otherwise provided herein, to To earn incentive compensation, the Executive must be employed by the Company on the day such incentive compensation is paid.

Appears in 1 contract

Samples: Employment Agreement (AVROBIO, Inc.)

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Compensation Committee from time to time. The Executive’s initial target annual incentive compensation shall be 40 50 percent of his Executive’s Base Salary (the Salary. The target annual incentive compensation in effect at any given time is referred to herein as “Target Annual Cash Incentive Compensation”). Except as otherwise provided herein, to .” To earn incentive compensation, the Executive must be employed by the Company on the day such incentive compensation is paid.

Appears in 1 contract

Samples: Employment Agreement (Deciphera Pharmaceuticals, Inc.)

Incentive Compensation. During the Term, the Executive shall be eligible to receive annual cash incentive compensation as determined by the Board or the Compensation Committee from time to time. The Executive’s initial target annual incentive compensation shall be 40 percent of his Base Salary (up to $100,000 and tied to Company performance targets as determined by the “Target Annual Incentive Compensation”)Compensation Committee. Except as otherwise provided herein, to To earn incentive compensation, the Executive must be employed by the Company on the day such incentive compensation is paid.

Appears in 1 contract

Samples: Employment Agreement (Aware Inc /Ma/)

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Compensation Committee from time to time. The Executive’s initial target annual incentive compensation shall be 40 thirty-five percent of his Base Salary effective July 1, 2018 (resulting in a 30 percent effective rate for the 2018 target annual incentive compensation) (as in effect at any time, the “Target Annual Incentive Compensation”). Except as otherwise provided herein, to earn incentive compensation, the Executive must be employed by the Company on the day such incentive compensation is paid.

Appears in 1 contract

Samples: Employment Agreement (AVROBIO, Inc.)

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Compensation Committee from time to time. The Executive’s initial target annual incentive compensation shall be 40 percent of his Base Salary (the $190,000. The target annual incentive compensation in effect at any given time is referred to herein as “Target Annual Incentive Compensation”). Except as otherwise provided herein, to earn incentive compensation, the Executive must be employed by the Company on the day such incentive compensation is paid.

Appears in 1 contract

Samples: Employment Agreement (Mimecast LTD)

Incentive Compensation. During the Term, the The Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Compensation Committee from time to time. The Executive’s initial target annual incentive compensation shall be 40 percent forty-five (45%) of his Base Salary (Salary, although any the “Target Annual Incentive Compensation”)actual incentive compensation amount shall be discretionary. Except as otherwise provided herein, to To earn incentive compensation, the Executive must be employed by the Company on the day such incentive compensation is paid.

Appears in 1 contract

Samples: Employment Agreement (Bluebird Bio, Inc.)

Incentive Compensation. During the Term, the The Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Compensation Committee from time to time. The Executive’s initial target annual incentive compensation shall be 40 percent of his Base Salary (the “Target Annual Incentive Compensation”)Salary. Except as otherwise provided herein, to To earn incentive compensation, the Executive must be employed by the Company on the day such incentive compensation is paid.

Appears in 1 contract

Samples: Employment Agreement (Advanced Cell Technology, Inc.)

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Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Compensation Committee of the Board from time to time. The Executive’s initial target annual incentive compensation shall be 40 50 percent of his Base Salary (the “Target Annual Incentive Compensation”)Salary. Except as otherwise provided herein, to To earn incentive compensation, except as otherwise set forth herein, the Executive must be employed by the Company on the day such incentive compensation is ACTIVE/84027084.7 paid. Any such incentive compensation shall be paid no later than March 15 of the year following the year to which such compensation relates.

Appears in 1 contract

Samples: Employment Agreement (aTYR PHARMA INC)

Incentive Compensation. During the Term, the The Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Compensation Committee from time to time. The Executive’s initial target annual incentive compensation shall be 40 forty percent (40%) of his their Base Salary (Salary, although any the “Target Annual Incentive Compensation”)actual incentive compensation amount shall be discretionary. Except as otherwise provided herein, to To earn any incentive compensation, the Executive must be employed by the Company on the day such incentive compensation is paid.

Appears in 1 contract

Samples: Employment Agreement (2seventy Bio, Inc.)

Incentive Compensation. During the Term, the Executive shall will be eligible to receive be considered for annual cash incentive compensation as determined by the Board of Directors or the Compensation Committee from time to time. The Executive’s initial annual target annual incentive compensation shall bonus will be 40 percent of his Base Salary (the “Target Annual Incentive Compensation”)$70,000. Except as otherwise provided herein, to To earn incentive compensation, the Executive must be employed by the Company on the day such incentive compensation is paid.

Appears in 1 contract

Samples: Executive Agreement (Eloqua, Inc.)

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Compensation Committee from time to time. The Executive’s initial target annual incentive compensation shall be 40 percent $300,000 which is equivalent to 75% of his the Executive’s Base Salary (the “Target Annual Incentive CompensationBonus)) and effective for FY 2024. The actual amount of the Executive’s annual incentive compensation, if any, shall be determined in the sole discretion of the Board or the Compensation Committee, subject to the terms of any applicable incentive compensation plan that may be in effect from time to time. Except as otherwise provided herein, to earn incentive compensation, the Executive must be employed by the Company on the day such incentive compensation is paid.. (c)

Appears in 1 contract

Samples: Employment Agreement (Phreesia, Inc.)

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Compensation Committee from time to time. The Executive’s initial target annual incentive compensation shall be 40 percent $160,000 which is equivalent to 49.3% of his the Executive’s Base Salary (the “Target Annual Incentive CompensationBonus”). The actual amount of the Executive’s annual incentive compensation, if any, shall be determined in the sole discretion of the Board or the Compensation Committee, subject to the terms of any applicable incentive compensation plan that may be in effect from time to time. Except as otherwise provided herein, to earn incentive compensation, the Executive must be employed by the Company on the day such incentive compensation is paid.. (c)

Appears in 1 contract

Samples: Employment Agreement (Phreesia, Inc.)

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Compensation Committee from time to time. The Executive’s initial target annual incentive compensation shall be 40 percent of his Base Salary Salary, as may be redetermined from time to time (the “Target Annual Incentive Compensation”). Except as otherwise provided herein, to To earn incentive compensation, the Executive must be employed by the Company on the day such incentive compensation is paid.

Appears in 1 contract

Samples: Employment Agreement (Magenta Therapeutics, Inc.)

Incentive Compensation. During the Termterm, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Compensation Committee designated committee thereof from time to time. The Executive’s initial target annual incentive compensation shall is $535,000.00, prorated from the Executive’s actual start date. Cash incentive compensation will be 40 percent of his Base Salary (the “Target Annual Incentive Compensation”). Except as otherwise provided herein, paid to earn incentive compensation, the Executive must be employed in quarterly installments no later than sixty (60) days after the end of each relevant calendar quarter, subject to the Executive’s continued employment by the Company on through the day end of such incentive compensation is paidcalendar quarter.

Appears in 1 contract

Samples: Employment Agreement (Trade Desk, Inc.)

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Compensation Committee of the Board from time to time. The Executive’s initial target annual incentive compensation shall be 40 50 percent of his Base Salary (Salary; provided, however that for 2017, the “Target Annual Incentive Compensation”)Executive’s target annual incentive compensation shall be 45 percent of his Base Salary. Except as otherwise provided herein, to To earn incentive compensation, except as otherwise set forth herein, the Executive must be employed by the Company on the day such incentive compensation is paid. Any such incentive compensation shall be paid no later than March 15 of the year following the year to which such compensation relates.

Appears in 1 contract

Samples: Employment Agreement (aTYR PHARMA INC)

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Compensation Committee from time to time. The Executive’s initial target annual incentive compensation shall be 40 percent of his [his]/[her] Base Salary Salary, as may be redetermined from time to time (the “Target Annual Incentive Compensation”). Except as otherwise provided herein, to To earn incentive compensation, the Executive must be employed by the Company on the day such incentive compensation is paid.

Appears in 1 contract

Samples: Employment Agreement (Magenta Therapeutics, Inc.)

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Compensation Committee from time to time. The Executive’s initial target annual incentive compensation shall be 40 percent $260,000 which is equivalent to 69.3% of his the Executive’s Base Salary (the “Target Annual Incentive CompensationBonus)) and effective for FY 2022. The actual amount of the Executive’s annual incentive compensation, if any, shall be determined in the sole discretion of the Board or the Compensation Committee, subject to the terms of any applicable incentive compensation plan that may be in effect from time to time. Except as otherwise provided herein, to earn incentive compensation, the Executive must be employed by the Company on the day such incentive compensation is paid.

Appears in 1 contract

Samples: Second Amended And (Phreesia, Inc.)

Incentive Compensation. During the Term, the The Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Compensation Committee from time to time. The Executive’s initial target annual incentive compensation shall be 40 sixty-five (65%) percent of his the Executive’s Base Salary (the “Target Annual Incentive CompensationBonus”). The actual amount of the Executive’s annual incentive compensation, if any, shall be determined in the sole discretion of the Board or the Compensation Committee. Except as otherwise provided herein, to earn incentive compensation, the Executive must be employed by the Company on the day such incentive compensation is paid.

Appears in 1 contract

Samples: Employment Agreement (Project Angel Parent, LLC)

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Compensation Committee from time to time. The Executive’s initial target annual incentive compensation shall be 40 50 percent of his Base Salary (the “Target Annual Incentive Compensation”)Salary. Except as otherwise provided herein, to earn incentive compensation, the Executive must be employed by the Company on the day such incentive compensation is paid.

Appears in 1 contract

Samples: Employment Agreement (Neos Therapeutics, Inc.)

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Executive Compensation Committee from time to time. The Executive’s initial target annual incentive compensation shall be 40 fifty (50) percent of his Base Salary (the “Target Annual Incentive Compensation”)Salary. Except as otherwise provided herein, to To earn incentive compensation, the Executive must be employed by the Company on the day such incentive compensation is paid.

Appears in 1 contract

Samples: Employment Agreement (Lucid Inc)

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Executive Compensation Committee from time to time. The Executive’s initial target annual incentive compensation shall be 40 sixty (60) percent of his Base Salary (the “Target Annual Incentive Compensation”)Salary. Except as otherwise provided herein, to To earn incentive compensation, the Executive must be employed by the Company on the day such incentive compensation is paid.

Appears in 1 contract

Samples: Employment Agreement (Lucid Inc)

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Compensation Committee from time to time. The Executive’s initial target annual incentive compensation shall be 40 50 percent of his Base Salary (the “Target Annual Incentive Compensation”)Salary. Except as otherwise provided herein, to To earn incentive compensation, the Executive must be employed by the Company on the day such incentive compensation is paid.

Appears in 1 contract

Samples: Employment Agreement (Unum Therapeutics, Inc.)

Incentive Compensation. During the Term, the Executive shall be eligible to receive annual cash incentive compensation as determined by the Board or the Compensation Committee from time to time. The Executive’s initial target annual incentive compensation shall be 40 percent up to $250,000.00 of his Base Salary (and tied to Company performance targets as determined by the “Target Annual Incentive Compensation”)Compensation Committee. Except as otherwise provided herein, to To earn incentive compensation, the Executive must be employed by the Company on the day such incentive compensation is paid. For 2022, the Executive’s incentive compensation shall be prorated to reflect the Effective Date of this agreement.

Appears in 1 contract

Samples: Employment Agreement (Aware Inc /Ma/)

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Compensation Committee from time to time. The Executive’s initial target annual incentive compensation shall be 40 percent $260,000 which is equivalent to 69.3% of his the Executive’s Base Salary (the “Target Annual Incentive CompensationBonus”). The actual amount of the Executive’s annual incentive compensation, if any, shall be determined in the sole discretion of the Board or the Compensation Committee, subject to the terms of any applicable incentive compensation plan that may be in effect from time to time. Except as otherwise provided herein, to earn incentive compensation, the Executive must be employed by the Company on the day such incentive compensation is paid.

Appears in 1 contract

Samples: Amended And (Phreesia, Inc.)

Incentive Compensation. During the Term, the The Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Compensation Committee from time to time. The Executive’s initial target annual incentive compensation shall be 40 forty percent (40%) of his Base Salary (the “Target Annual Incentive Compensation”)Salary. Except as otherwise provided herein, to To earn incentive compensation, the Executive must be employed by the Company on the day such incentive compensation is paid.

Appears in 1 contract

Samples: Employment Agreement (Advanced Cell Technology, Inc.)

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Compensation Committee designated committee thereof from time to time. The Executive’s initial target annual incentive compensation shall be 40 110 percent of his her Base Salary (the “Target Annual Incentive Compensation”)Salary. Except as otherwise provided herein, Cash incentive compensation will be paid to earn incentive compensation, the Executive must be employed in quarterly installments no later than sixty (60) days after the end of each relevant calendar quarter, subject to the Executive’s continued employment by the Company on through the day end of such incentive compensation is paidcalendar quarter.

Appears in 1 contract

Samples: Employment Agreement (Trade Desk, Inc.)

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by and in the sole discretion of the Board or the Compensation Committee from time to time. The Executive’s initial target annual incentive compensation shall be 40 fifty-five percent (55%) of his Base Salary Salary, as may be redetermined from time to time (the “Target Annual Incentive Compensation”). Except as otherwise provided herein, to To earn incentive compensation, the Executive must be employed by the Company on the day such incentive compensation is paid.

Appears in 1 contract

Samples: Employment Agreement (Magenta Therapeutics, Inc.)

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Compensation Committee from time to time. The Executive’s initial target annual incentive compensation shall be 40 percent 50% of his Base Salary (the “Target Annual Incentive Compensation”)Executive’s base salary. Except as otherwise provided herein, to To earn incentive compensation, the Executive must be employed by the Company on the day such incentive compensation is paid.

Appears in 1 contract

Samples: Employment Agreement (Myomo Inc)

Incentive Compensation. During the Term, the The Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Compensation Committee from time to time. The Executive’s initial target annual incentive compensation shall be 40 55% percent of his Base Salary (Salary, prorated based on the “Target Annual Incentive Compensation”)Effective Date. Except as otherwise provided herein, to To earn incentive compensation, the Executive must be employed by the Company on the day such incentive compensation is paid.

Appears in 1 contract

Samples: Employment Agreement (Advanced Cell Technology, Inc.)

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Compensation Committee from time to time. The Executive’s initial target annual incentive compensation shall be 40 percent 75% of his Base Salary (the “Target Annual Incentive Compensation”)Executive ‘ s base salary. Except as otherwise provided herein, to To earn incentive compensation, the Executive must be employed by the Company on the day such incentive compensation is paid.

Appears in 1 contract

Samples: Employment Agreement (Myomo, Inc.)

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Compensation Committee from time to time. The Executive’s initial target annual incentive compensation shall be 40 percent 30% of his her Base Salary (the “Target Annual Incentive Compensation”)) and shall be re-determined periodically by the Board or the Compensation Committee. Except as otherwise provided herein, to To earn incentive compensation, the Executive must be employed by the Company on the day such incentive compensation is paid.

Appears in 1 contract

Samples: Employment Agreement (Blueprint Medicines Corp)

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Compensation Committee from time to time. The Executive’s initial target annual incentive compensation shall be 40 fifty percent of his Base Salary (as in effect at any time, the “Target Annual Incentive Compensation”). Except as otherwise provided herein, to earn incentive compensation, the Executive must be employed by the Company on the day such incentive compensation is paid.

Appears in 1 contract

Samples: Employment Agreement (AVROBIO, Inc.)

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined annually by the Board or CEO and the Compensation Committee from time to timeBoard. The Executive’s initial target annual incentive compensation shall be 40 percent 50% of his Base Salary (Salary. The actual amount of the “Target Annual Incentive Compensation”)annual incentive compensation for each fiscal year will be determined by the CEO and the Board and will be based upon Executive and the Company meeting certain reasonable strategic, sales, operational, and financial goals and targets established by the Board. Except as otherwise provided herein, to To earn incentive compensation, the Executive must be employed by the Company on the day such incentive compensation is paid.

Appears in 1 contract

Samples: Employment Agreement (Myomo Inc)

Incentive Compensation. During the Term, the The Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Compensation Committee from time to time. The Executive’s initial target annual incentive compensation shall be 40 50 percent of his Base Salary (the “Target Annual Incentive Compensation”)Salary. Except as otherwise provided herein, to The Executive’s target annual incentive compensation shall be reset annually but shall not be reduced below 50 percent of his Base Salary. To earn incentive compensation, the Executive must be employed by the Company on the day such incentive compensation is paid.

Appears in 1 contract

Samples: Employment Agreement (Combinatorx, Inc)

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Compensation Committee from time to time. The Executive’s initial target annual incentive compensation shall be 40 percent (40%) of his Base Salary (the “Target Annual Incentive Compensation”)Salary. Except as otherwise provided herein, to To earn incentive compensation, the Executive must be employed by the Company on the day such incentive compensation is paid.

Appears in 1 contract

Samples: Employment Agreement (Bluebird Bio, Inc.)

Incentive Compensation. During the Term, the The Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Compensation Committee from time to time. The Executive’s initial target annual incentive compensation shall be 40 60 percent of his the Executive’s Base Salary (the “Target Annual Incentive Compensation”). Except as otherwise provided herein, to earn incentive compensation, the Executive must be employed by the Company on the day such incentive compensation is paid.

Appears in 1 contract

Samples: Employment Agreement (Xeris Biopharma Holdings, Inc.)

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Compensation Committee from time to time. The Executive’s initial target annual incentive compensation shall be 40 percent [Bonus Target Percentage] (__%) of his Executive’s Base Salary (the “Target Annual Incentive Compensation”)Salary. Except as otherwise provided provide herein, to ACTIVE/81000405.2 earn incentive compensation, the Executive must be employed by the Company on the day such incentive compensation is paid.

Appears in 1 contract

Samples: Employment Agreement (Tpi Composites, Inc)

Incentive Compensation. During the Term, the The Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Compensation Committee from time to time. The Executive’s initial target annual incentive compensation shall be 40 65 percent of his the Executive’s Base Salary (the “Target Annual Incentive Compensation”). Except as otherwise provided herein, to earn incentive compensation, the Executive must be employed by the Company on the day such incentive compensation is paid.

Appears in 1 contract

Samples: Employment Agreement (Xeris Biopharma Holdings, Inc.)

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Compensation Committee from time to time. The Executive’s initial target annual incentive compensation shall be 40 30 percent of his Base Salary (the “Target Annual Incentive Compensation”). Except as otherwise provided herein, to earn incentive compensation, the Executive must be employed by the Company on the day such incentive compensation is paid.

Appears in 1 contract

Samples: Employment Agreement (Xeris Pharmaceuticals Inc)

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Compensation Committee from time to time. The Executive’s initial target annual incentive compensation shall be 40 percent of his Base Salary (the “Target Annual Incentive Compensation”)$120,000. Except as otherwise provided herein, to To earn incentive compensation, the Executive must be employed by the Company on the day such incentive compensation is paid.

Appears in 1 contract

Samples: Employment Agreement (Myomo Inc)

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Compensation Committee from time to time. The Executive’s initial target annual incentive compensation shall be 40 percent 30% of his Base Salary (the “Target Annual Incentive Compensation”)) and shall be re-determined periodically by the Board or the Compensation Committee. Except as otherwise provided herein, to To earn incentive compensation, the Executive must be employed by the Company on the day such incentive compensation is paid.

Appears in 1 contract

Samples: Employment Agreement (Blueprint Medicines Corp)

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Compensation Committee from time to time. The Executive’s initial target annual incentive compensation shall be 40 [ ] percent of his or her Base Salary (the “Target Annual Incentive CompensationBonus”). Except as otherwise provided herein, to earn incentive compensation, the Executive must be employed by the Company on the last day such of the incentive compensation performance period. Annual incentive compensation shall be paid to the Executive no later than March 15 of the year following the year in which it is paidearned.

Appears in 1 contract

Samples: Employment Agreement (Intellia Therapeutics, Inc.)

Incentive Compensation. During the Term, the The Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Compensation Committee from time to time. The Executive’s initial target annual incentive compensation shall be 40 fifty-five (55%) percent of his the Executive’s Base Salary (the “Target Annual Incentive CompensationBonus”). The actual amount of the Executive’s annual incentive compensation, if any, shall be determined in the sole discretion of the Board or the Compensation Committee. Except as otherwise provided herein, to earn incentive compensation, the Executive must be employed by the Company on the day such incentive compensation is paid.

Appears in 1 contract

Samples: Employment Agreement (Project Angel Parent, LLC)

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Compensation Committee from time to time. The Executive’s initial target annual incentive compensation shall be 40 forty percent (40%) of his her Base Salary (as in effect at any time, the “Target Annual Incentive Compensation”). Except as otherwise provided herein, to To earn incentive compensation, the Executive must be employed by the Company on the day such incentive compensation is paid.

Appears in 1 contract

Samples: Employment Agreement (AVROBIO, Inc.)

Incentive Compensation. During the Term, the The Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Compensation Committee from time to time. The Executive’s initial target annual incentive compensation shall be 40 percent 45% of his her Base Salary (the “Target Annual Incentive Compensation”)) and shall be re-determined periodically by the Board or the Compensation Committee. Except as otherwise provided herein, to To earn incentive compensation, the Executive must be employed by the Company on the day such incentive compensation is paid.

Appears in 1 contract

Samples: Employment Agreement (Blueprint Medicines Corp)

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Compensation Committee from time to time. The Executive’s initial target annual incentive compensation shall be 40 30% percent of his Base Salary (the “Target Annual Incentive Compensation”)Salary. Except as otherwise provided herein, to To earn incentive compensation, the Executive must be employed by the Company on the last day of the period on which such incentive compensation is paidmeasured.

Appears in 1 contract

Samples: Employment Agreement (Brightcove Inc)

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