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 designated committee thereof from time to time. The Executive’s initial target annual incentive compensation shall be 110 percent of his Base Salary. Cash incentive compensation will be paid to the Executive 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 through the end of such calendar quarter.

Appears in 4 contracts

Samples: Employment Agreement (Trade Desk, Inc.), Employment Agreement (Trade Desk, Inc.), Employment Agreement (Trade Desk, 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 designated committee thereof the Compensation Committee from time to time. The Executive’s initial target annual incentive compensation shall be 110 35 percent of his Base Salary. Cash To earn incentive compensation will be paid to compensation, the Executive in quarterly installments no later than sixty (60) days after the end of each relevant calendar quarter, subject to the Executive’s continued employment must be employed by the Company through on the end last day of the period on which such calendar quarterincentive compensation is measured.

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 annual cash incentive compensation as determined by the Board or designated committee thereof the Compensation Committee from time to time. The Executive’s initial target annual incentive compensation shall be 110 percent up to 50% of his Base SalarySalary and tied to Company performance targets as determined by the Compensation Committee. Cash To earn incentive compensation will be paid to compensation, the Executive in quarterly installments no later than sixty (60) days after the end of each relevant calendar quarter, subject to the Executive’s continued employment must be employed by the Company through on the end of day such calendar quarterincentive 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 Executive shall be eligible to receive cash incentive compensation as determined by the Board or designated committee thereof the Compensation Committee from time to time. The Executive’s initial target annual incentive compensation shall be 110 35 percent of his Base Salary. Cash Except as otherwise provided herein, to earn incentive compensation will be paid to compensation, the Executive in quarterly installments no later than sixty (60) days after the end of each relevant calendar quarter, subject to the Executive’s continued employment must be employed by the Company through on the end of day such calendar quarterincentive 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 cash incentive compensation as determined by the Board or designated committee thereof 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 110 40 percent of his Base Salary. Cash Except as otherwise provided herein, to earn incentive compensation will be paid to compensation, the Executive in quarterly installments no later than sixty (60) days after the end of each relevant calendar quarter, subject to the Executive’s continued employment must be employed by the Company through on the end of day such calendar quarterincentive 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 variable cash incentive compensation as determined by the Board or designated committee thereof from time to time. The Executive’s initial target annual incentive compensation shall be 110 thirty (30) percent of his Base SalarySalary (“Target Variable Cash Compensation”). Cash incentive Incentive compensation for any calendar year will be paid to the Executive in quarterly installments no later than sixty (60) payable within 75 days after the end of each relevant calendar quarter, subject to the Executive’s continued employment by the Company through the end of such calendar quarteryear.

Appears in 2 contracts

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

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or designated committee thereof 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 110 100% percent of his Base Salary, with such amount to be pro-rated for the fiscal year ending December 31, 2016 based on the portion of such period following the Commencement Date. Cash To earn incentive compensation will be paid to compensation, the Executive in quarterly installments no later than sixty (60) days after the end of each relevant calendar quarter, subject to the Executive’s continued employment must be employed by the Company through on the end of day such calendar quarterincentive 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 designated committee thereof the Compensation Committee from time to time. The Executive’s initial target annual incentive compensation shall be 110 [ ] percent of his or her Base Salary. Cash Except as otherwise provided herein, to earn incentive compensation will be paid to compensation, the Executive in quarterly installments no later than sixty (60) days after the end of each relevant calendar quarter, subject to the Executive’s continued employment must be employed by the Company through on the end of day such calendar quarterincentive 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 variable cash incentive compensation as determined by the Board or designated committee thereof from time to time. The Executive’s initial target annual incentive compensation shall be 110 30 percent of his her Base SalarySalary (“Target Variable Cash Compensation”). Cash incentive Incentive compensation for any calendar year will be paid to the Executive in quarterly installments no later than sixty (60) payable within 90 days after the end of each relevant calendar quarter, subject to the Executive’s continued employment by the Company through the end of such calendar quarteryear.

Appears in 2 contracts

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

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or designated committee thereof the Compensation Committee from time to time. The Executive’s initial target management-based-on-objectives annual incentive compensation (“MBO”) shall be 110 fifty percent (50%) percent of his Base Salary. Cash To earn incentive compensation will be paid to compensation, the Executive in quarterly installments no later than sixty (60) days after the end of each relevant calendar quarter, subject to the Executive’s continued employment must be employed by the Company through on the end last day of the period on which such calendar quarterincentive compensation is measured.

Appears in 2 contracts

Samples: Employment Agreement, 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 designated committee thereof the Compensation Committee from time to time. The Executive’s initial target management-based-on-objectives annual incentive compensation (“MBO”) shall be $600,000; provided, that for calendar year 2018 only, the amount of the Executive’s incentive compensation shall be 110 percent of his Base Salaryat least $225,000. Cash To earn incentive compensation will be paid to compensation, the Executive in quarterly installments no later than sixty (60) days after the end of each relevant calendar quarter, subject to the Executive’s continued employment must be employed by the Company through on the end last day of the period on which such calendar quarterincentive compensation is measured.

Appears in 2 contracts

Samples: Employment Agreement, 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 designated committee thereof the Compensation Committee from time to time. The As of the Effective Date, the Executive’s initial target annual incentive compensation shall be 110 percent of his Base Salarytargeted at $300,000. Cash To earn incentive compensation will be paid to compensation, the Executive in quarterly installments no later than sixty (60) days after the end of each relevant calendar quarter, subject to the Executive’s continued employment must be employed by the Company through on the end of day such calendar quarterincentive compensation is paid.

Appears in 2 contracts

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

Incentive Compensation. During the Term, the Executive shall be eligible to receive variable cash incentive compensation as determined by performance goals established by the Board or designated committee thereof from time to timeupon consultation with the Executive. The Executive’s initial target annual incentive compensation shall be 110 125 percent of his Base Salary (“Target Variable Cash Compensation”) and his maximum annual cash incentive compensation shall be 200 percent of his Base Salary. Cash The cash incentive compensation for the initial year of employment will be paid to the Executive in quarterly installments no later than sixty (60) pro-rated. Incentive compensation for any calendar year will be payable within 75 days after the end of each relevant calendar quarter, subject to the Executive’s continued employment by the Company through the end of such calendar quarteryear.

Appears in 2 contracts

Samples: Employment Agreement, Employment Agreement (Citrix Systems Inc)

Incentive Compensation. During the Term, the Executive shall be eligible to receive variable cash incentive compensation as determined by the Board or designated committee thereof from time to time. The Executive’s initial target annual incentive compensation shall be 110 50 percent of his Base SalarySalary (“Target Variable Cash Compensation”). Cash incentive Incentive compensation for any calendar year will be paid to the Executive in quarterly installments no later than sixty (60) payable within 90 days after the end of each relevant calendar quarter, subject to the Executive’s continued employment by the Company through the end of such calendar quarteryear.

Appears in 1 contract

Samples: Employment Agreement (Anthera Pharmaceuticals Inc)

Incentive Compensation. During Effective with the Term2018 calendar year bonus plan, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or designated committee thereof from time to time. The Executive’s initial target annual incentive compensation shall is expected to be 110 percent of his Base Salary$450,000. Cash incentive compensation will be paid to the Executive 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 through the end of such calendar 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 designated committee thereof the Compensation Committee from time to time. The Effective on such date as determined by the Board, the Executive’s initial target annual incentive compensation shall be 110 percent of his Base Salaryadjusted to $300,000. Cash To earn incentive compensation will be paid to compensation, the Executive in quarterly installments no later than sixty (60) days after the end of each relevant calendar quarter, subject to the Executive’s continued employment must be employed by the Company through on the end of day such calendar quarterincentive compensation is paid.

Appears in 1 contract

Samples: Employment Agreement (Hortonworks, Inc.)

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or designated committee thereof Compensation Committee from time to time. The Executive’s initial target annual incentive compensation shall be 110 50 percent of his Base Salary. Cash incentive compensation will In case of unjustified immediate termination of this Contract by the Executive or in case of justified immediate termination of this Contract by the Company, the Executive shall not be paid entitled to the Executive in quarterly installments no later than sixty (60) days after Incentive Bonus for the end of each relevant calendar quarter, subject to the Executive’s continued employment by the Company through the end of such calendar quarterrespective year.

Appears in 1 contract

Samples: Employment Agreement (HOOKIPA Pharma 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 designated committee thereof Compensation Committee from time to time. The Executive’s initial annual target annual incentive compensation shall be 110 percent of his Base Salary. Cash incentive compensation bonus will be paid to $85,000. To earn incentive compensation, the Executive in quarterly installments no later than sixty (60) days after the end of each relevant calendar quarter, subject to the Executive’s continued employment must be employed by the Company through on the end of day such calendar quarterincentive 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 designated committee thereof the Compensation Committee from time to time. The Executive’s initial target annual incentive compensation shall be 110 percent of his Base Salary$190,000. Cash The target annual incentive compensation will be paid in effect at any given time is referred to herein as “Target Incentive Compensation”. Except as otherwise provided herein, to earn incentive compensation, the Executive in quarterly installments no later than sixty (60) days after the end of each relevant calendar quarter, subject to the Executive’s continued employment must be employed by the Company through on the end of day such calendar quarterincentive compensation is paid.

Appears in 1 contract

Samples: Employment Agreement (Mimecast LTD)

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or designated committee thereof from time to time. The Executive’s initial target annual incentive compensation shall be 110 percent of his Base Salaryis $500,000, prorated from the Executive’s actual start date. Cash incentive compensation will be paid to the Executive 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 through the end of such calendar quarter.. ACTIVE/90847800.2 2889048.1

Appears in 1 contract

Samples: Employment Agreement (Trade Desk, 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 or designated committee thereof Compensation Committee from time to timetime at their sole discretion, in accordance with the terms of the Company’s bonus plan then in effect, the initial annual target of which will be equal to $200,000. The Executive’s initial target annual incentive compensation awards shall be 110 percent of his Base Salary. Cash incentive compensation will earned on a pro-rata basis during the year, and shall be paid to the Executive in quarterly installments full no later than sixty (60) days after March 15 of the end following calendar year. Except as otherwise set out in Sections 4 and 5 below, Executive must be an employee on the date of each relevant calendar quarter, subject payment to the Executive’s continued employment by the Company through the end of such calendar quarterreceive incentive compensation under this Section 2(b).

Appears in 1 contract

Samples: Employment Agreement (Rapid7, Inc.)

Incentive Compensation. During the Term, the Executive shall be eligible to receive variable cash incentive compensation as determined by the Board or designated committee thereof from time to time. The Executive’s initial target annual incentive compensation shall be 110 25 percent of his Base SalarySalary (“Target Variable Cash Compensation”). Cash incentive Incentive compensation for any calendar year will be paid to the Executive in quarterly installments no later than sixty (60) payable within 90 days after the end of each relevant calendar quarter, subject to the Executive’s continued employment by the Company through the end of such calendar quarteryear.

Appears in 1 contract

Samples: Employment Agreement (Anthera Pharmaceuticals Inc)

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or designated committee thereof the Compensation Committee from time to time. The Executive’s initial target management-based-on-objectives annual incentive compensation (“MBO”) shall be 110 forty percent (40%) percent of his Base Salary. Cash To earn incentive compensation will be paid to compensation, the Executive in quarterly installments no later than sixty (60) days after the end of each relevant calendar quarter, subject to the Executive’s continued employment must be employed by the Company through on the end last day of the period on which such calendar quarterincentive compensation is measured.

Appears in 1 contract

Samples: 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 designated committee thereof Compensation Committee from time to time. The Executive’s initial target annual incentive compensation shall be 110 percent of his Base Salary$120,000. Cash To earn incentive compensation will be paid to compensation, the Executive in quarterly installments no later than sixty (60) days after the end of each relevant calendar quarter, subject to the Executive’s continued employment must be employed by the Company through on the end of day such calendar quarterincentive compensation is paid.

Appears in 1 contract

Samples: Employment Agreement (Myomo Inc)

Incentive Compensation. During the Term, the Executive shall be eligible to receive variable cash incentive compensation as determined by the Board or designated committee thereof from time to time. The Executive’s initial target annual incentive compensation shall be 110 thirty-five (35) percent of his Base SalarySalary (“Target Variable Cash Compensation”). Cash incentive Incentive compensation for any calendar year will be paid to the Executive in quarterly installments no later than sixty (60) payable within 75 days after the end of each relevant calendar quarter, subject to the Executive’s continued employment by the Company through the end of such calendar quarteryear.

Appears in 1 contract

Samples: Employment Agreement (Anthera Pharmaceuticals Inc)

Incentive Compensation. During the Termterm, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or designated committee thereof from time to time. The Executive’s initial target annual incentive compensation shall be 110 percent of his Base Salaryis $500,000.00, prorated from the Executive’s actual start date. Cash incentive compensation will be paid to the Executive 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 through the end of such calendar quarter.

Appears in 1 contract

Samples: Employment Agreement (Trade Desk, Inc.)

Incentive Compensation. During the Term, the Executive shall be eligible to receive variable cash incentive compensation as determined by the Board or designated committee thereof from time to time. The Executive’s initial target annual incentive compensation shall be 110 forty (40) percent of his Base SalarySalary (“Target Variable Cash Compensation”). Cash incentive Incentive compensation for any calendar year will be paid to the Executive in quarterly installments no later than sixty (60) payable within 75 days after the end of each relevant calendar quarter, subject to the Executive’s continued employment by the Company through the end of such calendar quarteryear.

Appears in 1 contract

Samples: Employment Agreement (Anthera Pharmaceuticals Inc)

Incentive Compensation. During the Term, the Executive shall be eligible to receive annual cash incentive compensation as determined by the Board or designated committee thereof the Compensation Committee from time to time. The Executive’s initial target annual incentive compensation shall be 110 percent up to 40% of his Base SalarySalary and tied to Company performance targets as determined by the Compensation Committee. Cash To earn incentive compensation will be paid to compensation, the Executive in quarterly installments no later than sixty (60) days after the end of each relevant calendar quarter, subject to the Executive’s continued employment must be employed by the Company through on the end of day such calendar quarterincentive compensation is paid.

Appears in 1 contract

Samples: 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 designated committee thereof from time to time. The Executive’s initial target annual incentive compensation shall be 110 percent of his Base Salaryis $575,000, prorated from the Executive’s actual start date. Cash incentive compensation will be paid to the Executive 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 through the end of such calendar 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 designated committee thereof the Compensation Committee from time to time. The Executive’s initial target annual incentive compensation shall be 110 percent of his Base Salary$230,000. Cash To earn incentive compensation will be paid to compensation, the Executive in quarterly installments no later than sixty (60) days after the end of each relevant calendar quarter, subject to the Executive’s continued employment must be employed by the Company through on the end last day of the period on which such calendar quarterincentive compensation is measured.

Appears in 1 contract

Samples: 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 designated committee thereof the Compensation Committee from time to time. The Executive’s initial target annual incentive compensation shall be 110 45 percent of his Base Salary. Cash To earn incentive compensation will be paid to compensation, the Executive in quarterly installments no later than sixty (60) days after the end of each relevant calendar quarter, subject to the Executive’s continued employment must be employed by the Company through on the end last day of the period on which such calendar quarterincentive compensation is measured.

Appears in 1 contract

Samples: 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 designated committee thereof from time to time. The Executive’s initial target annual incentive compensation shall be 110 percent of his her Base Salary. Cash incentive compensation will be paid to the Executive 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 through the end of such calendar 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 designated committee thereof Compensation Committee from time to time. The Executive’s initial target annual incentive compensation shall be 110 40 percent of his Base Salary. Cash incentive compensation will In case of unjustified immediate termination of this Contract by the Executive, or in case of justified immediate termination of this Contract by the Company, the Executive shall not be paid entitled to the Executive in quarterly installments no later than sixty (60) days after Incentive Bonus for the end of each relevant calendar quarter, subject to the Executive’s continued employment by the Company through the end of such calendar quarterrespective year.

Appears in 1 contract

Samples: Employment Agreement (HOOKIPA Pharma Inc.)

Incentive Compensation. During the Term, the The Executive shall be eligible to receive cash incentive compensation as determined by the Board or designated committee thereof from time to time. The Executive’s initial target annual incentive compensation shall be 110 percent of his Base Salaryis $250,000. Cash incentive compensation will be paid to the Executive 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 through the end of such calendar quarter.

Appears in 1 contract

Samples: Employment Agreement (Trade Desk, Inc.)

Incentive Compensation. During the Term, the Executive shall be eligible to receive variable cash incentive compensation as determined by the Board or designated committee thereof from time to time. The Executive’s initial target annual incentive compensation shall be 110 35 percent of his Base SalarySalary (“Target Variable Cash Compensation”). Cash incentive Incentive compensation for any calendar year will be paid to the Executive in quarterly installments no later than sixty (60) payable within 90 days after the end of each relevant calendar quarter, subject to the Executive’s continued employment by the Company through the end of such calendar quarteryear.

Appears in 1 contract

Samples: Employment Agreement (Anthera Pharmaceuticals Inc)

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Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined annually by the Board or designated committee thereof from time to timeCEO and the Board. The Executive’s initial target annual incentive compensation shall be 110 percent $100,000. The actual amount of his Base Salary. Cash the annual incentive compensation for each fiscal year will be paid to 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. To earn incentive compensation, the Executive in quarterly installments no later than sixty (60) days after the end of each relevant calendar quarter, subject to the Executive’s continued employment must be employed by the Company through on the end of day such calendar quarterincentive 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 designated committee thereof the Compensation Committee from time to time. The Executive’s initial target annual incentive compensation shall be 110 thirty-five percent (35%) of his Base SalarySalary (as in effect at any time, the “Target Annual Incentive Compensation”) and will begin to be applicable in the 2022 performance year. Cash Except as otherwise provided herein, to earn incentive compensation will be paid to the Executive in quarterly installments no later than sixty (60) days after the end of each relevant calendar quarter, subject to the Executive’s continued employment must be employed by the Company through on the end of day such calendar quarterincentive compensation is paid.

Appears in 1 contract

Samples: Employment Agreement (AVROBIO, Inc.)

Incentive Compensation. During the Term, the Executive shall also be eligible to receive cash incentive compensation as determined by the Board or designated committee thereof Compensation Committee from time to time. The Executive’s initial target annual incentive compensation shall be 110 55 percent of his annual Base Salary. Cash In the event of joining or leaving the Company during the calendar year, the incentive compensation will is also paid out on a pro rata basis. In case of unjustified immediate termination of this Contract by the Executive or in case of justified immediate termination of this Contract by the Company, the Executive shall not be paid entitled to the Executive in quarterly installments no later than sixty (60) days after Incentive Bonus for the end of each relevant calendar quarter, subject to the Executive’s continued employment by the Company through the end of such calendar quarterrespective year.

Appears in 1 contract

Samples: Employment Agreement (HOOKIPA Pharma Inc.)

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Compensation Committee of the Board or designated committee thereof from time to time. The Executive’s initial target annual incentive compensation shall be 110 50 percent of his Base Salary; provided, however that for 2017, the Executive’s target annual incentive compensation shall be 45 percent of his Base Salary. Cash To earn incentive compensation, except as otherwise set forth herein, the Executive must be employed by the Company on the day such incentive compensation will is paid. Any such incentive compensation shall be paid to the Executive in quarterly installments no later than sixty (60) days after March 15 of the end of each relevant calendar quarter, subject year following the year to the Executive’s continued employment by the Company through the end of which such calendar quartercompensation relates.

Appears in 1 contract

Samples: Employment Agreement (aTYR PHARMA INC)

Incentive Compensation. During the Termterm, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or designated committee thereof from time to time. The Executive’s initial target annual incentive compensation shall be 110 percent of his Base Salaryis $535,000.00, prorated from the Executive’s actual start date. Cash incentive compensation will be paid to the Executive 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 through the end of such calendar quarter.

Appears in 1 contract

Samples: Employment Agreement (Trade Desk, Inc.)

Incentive Compensation. During the Term, the Executive shall be eligible to receive variable cash incentive compensation as determined by performance goals established by the Compensation Committee of the Board or designated committee thereof from time to timeupon consultation with the Executive. The Executive’s initial target annual incentive compensation shall be 110 100 percent of his Base Salary (“Target Variable Cash Compensation”) and his maximum annual cash incentive compensation shall be 200 percent of his Base Salary. Cash The cash incentive compensation for the initial year of employment will be paid to the Executive in quarterly installments no later than sixty (60) pro-rated. Incentive compensation for any calendar year will be payable within 75 days after the end of each relevant calendar quarter, subject to the Executive’s continued employment by the Company through the end of such calendar quarteryear.

Appears in 1 contract

Samples: Employment Agreement (Citrix Systems Inc)

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or designated committee thereof the Compensation Committee from time to time. The As of the Effective Date, the Executive’s initial target annual incentive compensation shall be 110 percent of his Base Salarytargeted at $360,000. Cash To earn incentive compensation will be paid to compensation, the Executive in quarterly installments no later than sixty (60) days after the end of each relevant calendar quarter, subject to the Executive’s continued employment must be employed by the Company through on the end of day such calendar quarterincentive compensation is paid.

Appears in 1 contract

Samples: Employment Agreement (Hortonworks, Inc.)

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Compensation Committee of the Board or designated committee thereof from time to time. The Executive’s initial target annual incentive compensation shall be 110 50 percent of his Base Salary. Cash To earn incentive compensation, except as otherwise set forth herein, the Executive must be employed by the Company on the day such incentive compensation will is ACTIVE/84027084.7 paid. Any such incentive compensation shall be paid to the Executive in quarterly installments no later than sixty (60) days after March 15 of the end of each relevant calendar quarter, subject year following the year to the Executive’s continued employment by the Company through the end of which such calendar quartercompensation 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 designated committee thereof the Compensation Committee from time to time. The Executive’s initial target annual incentive compensation shall be 110 thirty-five percent of his Base SalarySalary 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”). Cash Except as otherwise provided herein, to earn incentive compensation will be paid to compensation, the Executive in quarterly installments no later than sixty (60) days after the end of each relevant calendar quarter, subject to the Executive’s continued employment must be employed by the Company through on the end of day such calendar quarterincentive 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 designated committee thereof the Compensation Committee from time to time. The Executive’s initial target annual incentive compensation shall be 110 thirty-five percent (35%) of his Base SalarySalary (as in effect at any time, the “Target Annual Incentive Compensation”). Cash Except as otherwise provided herein, to earn incentive compensation will be paid to compensation, the Executive in quarterly installments no later than sixty (60) days after the end of each relevant calendar quarter, subject to the Executive’s continued employment must be employed by the Company through on the end of day such calendar quarterincentive compensation is paid.

Appears in 1 contract

Samples: Employment Agreement (AVROBIO, Inc.)

Incentive Compensation. During the Term, the Executive shall be eligible to receive variable cash incentive compensation as determined by the Board or designated committee thereof from time to time. The Executive’s initial target annual incentive compensation shall be 110 twenty-five (25) percent of his Base SalarySalary (“Target Variable Cash Compensation”). Cash incentive Incentive compensation for any calendar year will be paid to the Executive in quarterly installments no later than sixty (60) payable within 75 days after the end of each relevant calendar quarter, subject to the Executive’s continued employment by the Company through the end of such calendar quarteryear.

Appears in 1 contract

Samples: Employment Agreement (Anthera Pharmaceuticals Inc)

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

Appears in 1 contract

Samples: Employment Agreement (AVROBIO, Inc.)

Incentive Compensation. During the Term, the Executive shall be eligible to receive annual cash incentive compensation as determined by the Board or designated committee thereof the Compensation Committee from time to time. The Executive’s initial target annual incentive compensation shall be 110 percent up to $250,000.00 of his Base SalarySalary and tied to Company performance targets as determined by the Compensation Committee. Cash To earn incentive compensation, the Executive must be employed by the Company on the day such incentive compensation will be paid to the Executive in quarterly installments no later than sixty (60) days after the end of each relevant calendar quarteris paid. For 2022, subject to the Executive’s continued employment by incentive compensation shall be prorated to reflect the Company through the end Effective Date of such calendar quarterthis agreement.

Appears in 1 contract

Samples: Employment Agreement (Aware Inc /Ma/)

Incentive Compensation. During the Term, the Executive shall be eligible to receive variable cash incentive compensation as determined by the Board or designated committee thereof from time to time. The Executive’s initial target annual incentive compensation shall be 110 fifty-five (55) percent of his Base SalarySalary (“Target Variable Cash Compensation”). Cash incentive Incentive compensation for any calendar year will be paid to the Executive in quarterly installments no later than sixty (60) payable within 75 days after the end of each relevant calendar quarter, subject to the Executive’s continued employment by the Company through the end of such calendar quarteryear.

Appears in 1 contract

Samples: Employment Agreement (Anthera Pharmaceuticals Inc)

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or designated committee thereof the Compensation Committee from time to time. The Executive’s initial target annual incentive compensation shall be 110 30% percent of his Base Salary. Cash To earn incentive compensation will be paid to compensation, the Executive in quarterly installments no later than sixty (60) days after the end of each relevant calendar quarter, subject to the Executive’s continued employment must be employed by the Company through on the end last day of the period on which such calendar quarterincentive compensation is measured.

Appears in 1 contract

Samples: 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 designated committee thereof from time to time. The Executive’s initial target annual incentive compensation shall be 110 75 percent of his Base Salary. Cash incentive compensation will be paid to the Executive 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 through the end of such calendar 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 designated committee thereof the Compensation Committee from time to time. The Executive’s initial target annual incentive compensation shall be 110 [ ] percent of his or her Base SalarySalary (the “Target Bonus”). Cash Except as otherwise provided herein, to earn incentive compensation, the Executive must be employed by the Company on the last day of the incentive compensation will performance period. Annual incentive compensation shall be paid to the Executive in quarterly installments no later than sixty (60) days after March 15 of the end of each relevant calendar quarter, subject to year following the Executive’s continued employment by the Company through the end of such calendar quarteryear in which it is earned.

Appears in 1 contract

Samples: 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 designated committee thereof Compensation Committee from time to time. The Executive’s initial target annual cash incentive compensation shall be 110 150% percent of his Base SalarySalary rate. Cash incentive compensation will be paid Subject to the terms of this Agreement, to earn such cash incentive compensation, the Executive in quarterly installments no later than sixty (60) days after the end of each relevant calendar quarter, subject to the Executive’s continued employment must be employed by the Company through on the end of day such calendar quartercash incentive compensation is paid.

Appears in 1 contract

Samples: Employment Agreement (Ansys Inc)

Incentive Compensation. During the Term, the The Executive shall be eligible to receive for cash incentive compensation as during the Term based on the achievement of certain performance goals determined by the Board or designated a committee thereof from time thereof. Subject to time. The the terms and conditions of any such cash incentive compensation plan, the Executive’s initial target annual cash incentive compensation shall be 110 percent targeted at 40% of his Base Salarythen base salary. Cash Any cash incentive compensation will earned shall be paid to the Executive in quarterly installments by no later than sixty (60) days after March 15th of the end of each relevant calendar quarter, subject to year following the Executive’s continued employment by the Company through the end of year in which such calendar quartercash incentive compensation was earned.

Appears in 1 contract

Samples: Employment Agreement (Biota Pharmaceuticals, Inc.)

Incentive Compensation. During the Term, the Executive shall be eligible to receive cash incentive compensation as determined annually by the Board or designated committee thereof from time to timeCEO and the Board. The Executive’s initial target annual incentive compensation shall be 110 percent 50% of his Base Salary. Cash The actual amount of the annual incentive compensation for each fiscal year will be paid to 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. To earn incentive compensation, the Executive in quarterly installments no later than sixty (60) days after the end of each relevant calendar quarter, subject to the Executive’s continued employment must be employed by the Company through on the end of day such calendar quarterincentive 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 designated committee thereof the Compensation Committee from time to time. The Executive’s initial target annual incentive compensation shall be 110 thirty-five percent of his her Base SalarySalary 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”). Cash Except as otherwise provided herein, to earn incentive compensation will be paid to compensation, the Executive in quarterly installments no later than sixty (60) days after the end of each relevant calendar quarter, subject to the Executive’s continued employment must be employed by the Company through on the end of day such calendar quarterincentive 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 designated committee thereof the Compensation Committee from time to time. The Executive’s initial target annual incentive compensation shall be 110 percent 30% of his her Base SalarySalary (the “Target Incentive Compensation”) and shall be re-determined periodically by the Board or the Compensation Committee. Cash To earn incentive compensation will be paid to compensation, the Executive in quarterly installments no later than sixty (60) days after the end of each relevant calendar quarter, subject to the Executive’s continued employment must be employed by the Company through on the end of day such calendar quarterincentive compensation is paid.

Appears in 1 contract

Samples: Employment Agreement (Blueprint Medicines Corp)

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