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Common use of Incentive Compensation Clause in Contracts

Incentive Compensation. The Executive shall be eligible to receive cash incentive compensation as approved by the Board or the Compensation Committee from time to time in its sole discretion. The Executive’s target annual bonus shall initially be 30% percent of his Base Salary, subject to adjustment in the sole discretion of the Compensation Committee or the Board.

Appears in 1 contract

Samples: Employment Agreement (Anika Therapeutics Inc)

Incentive Compensation. The During the Term, the Executive shall be eligible to receive cash incentive compensation as approved determined by the Board or the Compensation Committee from time to time in its sole discretiontime. The Executive’s initial target annual bonus incentive compensation shall initially be 30% percent of his her Base Salary, subject to adjustment in Salary (the sole discretion of the Compensation Committee or the Board.“Target Incentive Compensation”) and shall be re-determined

Appears in 1 contract

Samples: Employment Agreement (Blueprint Medicines Corp)

Incentive Compensation. The During the Term, the Executive shall be eligible to receive cash incentive compensation as approved determined by the Board or the Compensation Committee from time to time in its sole discretiontime. The Executive’s initial target annual bonus incentive compensation shall initially be 30% 50 percent of his Base Salary. Except as otherwise provided herein, subject to adjustment in earn incentive compensation, the sole discretion of Executive must be employed by the Compensation Committee or Company on the Boardday such incentive compensation is paid.

Appears in 1 contract

Samples: Employment Agreement (Neos Therapeutics, Inc.)

Incentive Compensation. The Executive shall be eligible to receive cash incentive compensation as approved determined by the Board or the Compensation Committee Company from time to time in its sole discretiontime. The Executive’s target annual bonus incentive compensation shall initially be thirty percent (30% percent %) of his Base SalarySalary with the actual amount to be determined by the Company in its discretion. To be eligible for an incentive compensation payment, subject to adjustment in the sole discretion of Executive must be employed by the Compensation Committee or Company on the Boardday such incentive compensation is paid.

Appears in 1 contract

Samples: Employment Agreement (Aastrom Biosciences Inc)

Incentive Compensation. The Executive shall be eligible to receive cash incentive compensation as approved determined by the Board or the Compensation Committee from time to time in its sole discretiontime. The Executive’s target annual bonus incentive compensation shall initially be 30% forty percent (40%) of his their Base Salary, subject to adjustment in although any the sole discretion of actual incentive compensation amount shall be discretionary. To earn any incentive compensation, the Compensation Committee or Executive must be employed by the BoardCompany on the day such incentive compensation is paid.

Appears in 1 contract

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

Incentive Compensation. The During the Term, the Executive shall be eligible to receive cash incentive compensation as approved determined by the Board or the Compensation Committee from time to time in its sole discretiontime. The Executive’s initial target annual bonus incentive compensation shall initially be 30% 55 percent of his Base SalarySalary (the “Target Annual Incentive Compensation”). Except as otherwise provided herein, subject to adjustment in earn incentive compensation, the sole discretion of Executive must be employed by the Compensation Committee or Company on the Boardday such incentive compensation is paid.

Appears in 1 contract

Samples: Employment Agreement (Xeris Pharmaceuticals Inc)

Incentive Compensation. The During the Term, the Executive shall be eligible to receive cash incentive compensation as approved determined by the Board or the Compensation Committee from time to time in its sole discretiontime. The Executive’s target annual bonus incentive compensation shall initially be 30% percent of his [his]/[her] Base Salary, subject as may be redetermined from time to adjustment in time (the sole discretion of “Target Incentive Compensation”). To earn incentive compensation, the Compensation Committee or Executive must be employed by the BoardCompany on the day such incentive compensation is paid.

Appears in 1 contract

Samples: Employment Agreement (Magenta Therapeutics, Inc.)

Incentive Compensation. The During the Term, the Executive shall be eligible to receive cash incentive compensation as approved determined by the Board or the Compensation Committee from time to time in its sole discretiontime. The Executive’s target annual bonus incentive compensation shall initially be 30% thirty-five percent (35%) of his Base Salary, subject to adjustment in Salary (the sole discretion of the Compensation Committee or the Board.“Target Incentive Compensation”). To earn

Appears in 1 contract

Samples: Employment Agreement (Blueprint Medicines Corp)

Incentive Compensation. The Executive shall be eligible to receive cash incentive compensation as approved determined by the Board or the Compensation Committee from time to time in its sole discretiontime. The Executive’s initial target annual bonus incentive compensation shall initially be 30% sixty-five (65%) percent of his the Executive’s Base SalarySalary (the “Target Bonus”). The actual amount of the Executive’s annual incentive compensation, subject to adjustment if any, shall be determined in the sole discretion of the Compensation Committee Board or the BoardCompensation 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. The During the Term, the Executive shall be eligible to receive annual cash incentive compensation as approved determined by the Board or the Compensation Committee from time to time in its sole discretiontime. The Executive’s initial target annual bonus incentive compensation shall initially be 30% up to fifty percent (50%) of his Base Salary, subject Salary and tied to adjustment in the sole discretion of Company performance targets as determined by the Compensation Committee or Committee. To earn incentive compensation, the BoardExecutive must be employed by the Company on the day such incentive compensation is paid, unless otherwise determined by the Compensation Committee.

Appears in 1 contract

Samples: Employment Agreement (Aware Inc /Ma/)

Incentive Compensation. The During the Term, the Executive shall be eligible to receive cash incentive compensation as approved determined by and in the sole discretion of the Board or the Compensation Committee from time to time in its sole discretiontime. The Executive’s target annual bonus incentive compensation shall initially be 30% fifty-five percent (55%) of his Base Salary, subject as may be redetermined from time to adjustment in time (the sole discretion of “Target Incentive Compensation”). To earn incentive compensation, the Compensation Committee or Executive must be employed by the BoardCompany on the day such incentive compensation is paid.

Appears in 1 contract

Samples: Employment Agreement (Magenta Therapeutics, Inc.)

Incentive Compensation. The During the Term, the Executive shall be eligible to receive cash incentive compensation as approved determined by the Board or the Compensation Committee from time to time in its sole discretiontime. The Executive’s initial target annual bonus incentive compensation shall initially be 30% twenty-five percent of his her Base SalarySalary (as in effect at any time, subject the “Target Annual Incentive Compensation”). Except as otherwise provided herein, to adjustment in earn incentive compensation, the sole discretion of Executive must be employed by the Compensation Committee or Company on the Boardday such incentive compensation is paid.

Appears in 1 contract

Samples: Employment Agreement (AVROBIO, Inc.)

Incentive Compensation. The During the Term, the Executive shall be eligible to receive cash incentive compensation as approved determined by the Board or the Compensation Committee from time to time in its sole discretiontime. The Executive’s initial target annual bonus incentive compensation shall initially be 30% twenty five percent (25%) of his Base SalarySalary (the “Target Annual Incentive Compensation”). Except as otherwise provided herein, subject to adjustment in earn incentive compensation, the sole discretion of Executive must be employed by the Compensation Committee or Company on the Boardday such incentive compensation is paid.

Appears in 1 contract

Samples: Employment Agreement (Aerpio Pharmaceuticals, Inc.)

Incentive Compensation. The Executive shall be eligible to receive cash incentive compensation as approved determined by the Board or the Compensation Committee from time to time in its sole discretiontime. The Executive’s target annual bonus incentive compensation shall initially be 30% forty percent (40%) of his Base Salary. To earn incentive compensation, subject to adjustment in the sole discretion of Executive must be employed by the Compensation Committee or Company on the Boardday such incentive compensation is paid.

Appears in 1 contract

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

Incentive Compensation. The During the Term, the Executive shall be eligible to receive cash incentive compensation as approved determined by the Board or the Compensation Committee from time to time in its sole discretiontime. The Executive’s initial target annual bonus incentive compensation shall initially be 30% percent of his Base Salary$190,000. The target annual incentive compensation in effect at any given time is referred to herein as “Target Incentive Compensation”. Except as otherwise provided herein, subject to adjustment in earn incentive compensation, the sole discretion of Executive must be employed by the Compensation Committee or Company on the Boardday such incentive compensation is paid.

Appears in 1 contract

Samples: Employment Agreement (Mimecast LTD)

Incentive Compensation. The During the Term, the Executive shall be eligible to receive cash incentive compensation as approved determined by the Board or the Compensation Committee from time to time in its sole discretiontime. The Executive’s initial target annual bonus incentive compensation shall initially be 30% fifty percent of his Base SalarySalary (as in effect at any time, subject the “Target Annual Incentive Compensation”). Except as otherwise provided herein, to adjustment in earn incentive compensation, the sole discretion of Executive must be employed by the Compensation Committee or Company on the Boardday such incentive compensation is paid.

Appears in 1 contract

Samples: Employment Agreement (AVROBIO, Inc.)

Incentive Compensation. The During the Term, the Executive shall be eligible to receive cash incentive compensation as approved determined by the Board or the Compensation Committee from time to time in its sole discretiontime. The Executive’s initial target annual bonus incentive compensation shall initially be 30% 35 percent of his Base Salary, subject to adjustment in Salary (the sole discretion of “Target Bonus”) and be based on predetermined metrics as determined by the Board or the Compensation Committee or Committee. Except as otherwise provided herein, to earn incentive compensation, the BoardExecutive must be employed by the Company on the day such incentive compensation is paid.

Appears in 1 contract

Samples: Employment Agreement (Karuna Therapeutics, Inc.)

Incentive Compensation. The Executive shall be eligible to receive cash incentive compensation as approved by the Board or the Compensation Committee from time to time in its sole discretion. The Executive’s target annual bonus shall initially be 3020% percent of his Base Salary, subject to adjustment in the sole discretion of the Compensation Committee or the Board.

Appears in 1 contract

Samples: Employment Agreement (Anika Therapeutics, Inc.)

Incentive Compensation. The Executive shall be eligible to receive cash incentive compensation as approved determined by the Board or the Compensation Committee from time to time in its sole discretion. The Executive’s 's target annual bonus shall initially be 30% percent of his Base Salary, subject to adjustment in the sole discretion of the Compensation Committee or the Board.

Appears in 1 contract

Samples: Employment Agreement (Anika Therapeutics Inc)

Incentive Compensation. The Executive shall be eligible to receive cash incentive compensation as approved determined by the Board or the Compensation Committee from time to time in its sole discretiontime. The Executive’s target annual bonus incentive compensation shall initially be 3055% percent of his Base Salary, subject to adjustment in prorated based on the sole discretion of Effective Date. To earn incentive compensation, the Compensation Committee or Executive must be employed by the BoardCompany on the day such incentive compensation is paid.

Appears in 1 contract

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

Incentive Compensation. The Executive shall be eligible to receive cash incentive compensation as approved determined by the Board or the Compensation Committee from time to time in its sole discretiontime. The Executive’s target annual bonus incentive compensation shall initially be 30% fifty-five percent (55%) of his their Base Salary, subject to adjustment in although any the sole discretion of actual incentive compensation amount shall be discretionary as determined by the Compensation Committee or Company. To earn any incentive compensation, the BoardExecutive 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. The During the Term, the Executive shall be eligible to receive cash incentive compensation as approved determined by the Board or the Compensation Committee from time to time in its sole discretiontime. The Executive’s initial target annual bonus incentive compensation shall initially be 30% percent [Bonus Target Percentage] (__%) of his Executive’s Base Salary. Except as provide herein, subject to adjustment in ACTIVE/81000405.2 earn incentive compensation, the sole discretion of Executive must be employed by the Compensation Committee or Company on the Boardday such incentive compensation is paid.

Appears in 1 contract

Samples: Employment Agreement (Tpi Composites, Inc)

Incentive Compensation. The Executive shall be eligible to receive cash incentive compensation as approved determined by the Board or the Compensation Committee from time to time in its sole discretiontime. The Executive’s initial target annual bonus incentive compensation shall initially be 30% 65 percent of his the Executive’s Base SalarySalary (the “Target Annual Incentive Compensation”). Except as otherwise provided herein, subject to adjustment in earn incentive compensation, the sole discretion of Executive must be employed by the Compensation Committee or Company on the Boardday such incentive compensation is paid.

Appears in 1 contract

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

Incentive Compensation. The Executive shall be eligible to receive cash incentive compensation as approved determined by the Board or the Compensation Committee from time to time in its sole discretiontime. The Executive’s initial target annual incentive compensation shall be 50 percent of his Base Salary. The Executive’s target annual bonus incentive compensation shall initially be 30% reset annually but shall not be reduced below 50 percent of his Base Salary. To earn incentive compensation, subject to adjustment in the sole discretion of Executive must be employed by the Compensation Committee or Company on the Boardday such incentive compensation is paid.

Appears in 1 contract

Samples: Employment Agreement (Combinatorx, Inc)

Incentive Compensation. The Executive shall be eligible to receive cash incentive compensation as approved determined by the Board or the Compensation Committee from time to time in its sole discretiontime. The Executive’s target annual bonus incentive compensation shall initially be 3045% percent of his her Base Salary, subject to adjustment in Salary (the sole discretion of “Target Incentive Compensation”) and shall be re-determined periodically by the Board or the Compensation Committee or Committee. To earn incentive compensation, the BoardExecutive 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. The Executive shall be eligible to receive cash incentive compensation as approved determined by the Board or CEO in consultation with the Compensation Committee from time to time in its sole discretiontime. The Executive’s target annual bonus incentive compensation shall initially be 30% thirty-five percent (35%) of his Base Salary. To earn incentive compensation, subject to adjustment in the sole discretion of Executive must be employed by the Compensation Committee or Company on the Boardday such incentive compensation is paid.

Appears in 1 contract

Samples: Employment Agreement (Aastrom Biosciences Inc)

Incentive Compensation. The Executive shall be eligible to receive cash incentive compensation as approved determined by the Board or the Compensation Committee from time to time in its sole discretiontime. The Executive’s initial target annual bonus incentive compensation shall initially be 30% 100 (100%) percent of his the Executive’s Base SalarySalary (the “Target Bonus”). The actual amount of the Executive’s annual incentive compensation, subject to adjustment if any, shall be determined in the sole discretion of the Compensation Committee Board or the BoardCompensation 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: Employment Agreement (Dynatrace Holdings LLC)

Incentive Compensation. The During the Term, the Executive shall be eligible to receive cash incentive compensation as approved determined by the Board or the Compensation Committee from time to time in its sole discretiontime. The Executive’s target annual bonus incentive compensation shall initially be thirty percent (30% percent %) of his Base Salary, subject to adjustment in Salary (the sole discretion of the Compensation Committee or the Board.“Target Incentive Compensation”). To earn

Appears in 1 contract

Samples: Employment Agreement (Blueprint Medicines Corp)

Incentive Compensation. The During the Term, the Executive shall be eligible to receive cash incentive compensation as approved determined by the Board or the Compensation Committee from time to time in its sole discretiontime. The Executive’s target annual bonus incentive compensation shall initially be 30% forty (40%) percent of his Base SalarySalary (the “Target Bonus”). Except as otherwise provided ACTIVE/97201856.2 herein, subject to adjustment in earn incentive compensation, the sole discretion of Executive must be employed by the Compensation Committee or Company on the Boardday such incentive compensation is paid.

Appears in 1 contract

Samples: Employment Agreement (Axcella Health Inc.)

Incentive Compensation. The During the Term, the Executive shall be eligible to receive cash incentive compensation as approved determined by the Board or the Compensation Committee from time to time in its sole discretiontime. The Executive’s target annual bonus incentive compensation shall initially be 30% 50 percent of his Executive’s Base Salary. The target annual incentive compensation in effect at any given time is referred to herein as “Target Annual Cash Incentive Compensation.” To earn incentive compensation, subject to adjustment in the sole discretion of Executive must be employed by the Compensation Committee or Company on the Boardday such incentive compensation is paid.

Appears in 1 contract

Samples: Employment Agreement (Deciphera Pharmaceuticals, Inc.)

Incentive Compensation. The During the Term, the Executive shall be eligible to receive cash incentive compensation as approved determined by the Board or the Compensation Committee from time to time in its sole discretiontime. The Executive’s initial target annual bonus incentive compensation shall initially be 30% 50 percent of his Base Salary, subject to adjustment in Salary (the sole discretion of “Target Bonus”) and be based on predetermined metrics as determined by the Board or the Compensation Committee or after consultation with the BoardExecutive. 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 (Karuna Therapeutics, Inc.)

Incentive Compensation. The Executive shall be eligible to receive cash incentive compensation as approved determined by the Board or the Compensation Committee from time to time in its sole discretiontime. The Executive’s target annual bonus incentive compensation shall initially be 3040% percent of his her Base Salary, subject to adjustment in Salary (the sole discretion of “Target Incentive Compensation”) and shall be re-determined periodically by the Board or the Compensation Committee or Committee. To earn incentive compensation, the BoardExecutive 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. The During the Term, the Executive shall be eligible to receive cash incentive compensation as approved determined by the Board or the Compensation Committee from time to time in its sole discretiontime. The Executive’s target annual bonus incentive compensation shall initially be 30% 50 percent of his Base SalarySalary (the “Target Bonus”). Except as otherwise provided herein, subject to adjustment in earn incentive compensation, the sole discretion of Executive must be employed by the Compensation Committee or Company on the Boardday such incentive compensation is paid.

Appears in 1 contract

Samples: Employment Agreement (Axcella Health Inc.)

Incentive Compensation. The During the Term, the Executive shall be eligible to receive cash incentive compensation as approved determined by the Board or the Compensation Committee from time to time in its sole discretiontime. The Executive’s initial target annual bonus incentive compensation shall initially be 30% 37 percent of his Base SalarySalary (the “Target Annual Incentive Compensation”). Except as otherwise provided herein, subject to adjustment in earn incentive compensation, the sole discretion of Executive must be employed by the Compensation Committee or Company on the Boardday such incentive compensation is paid.

Appears in 1 contract

Samples: Employment Agreement (scPharmaceuticals Inc.)

Incentive Compensation. The During the Term, the Executive shall be eligible to receive cash incentive compensation as approved determined by the Board or the Compensation Committee from time to time in its sole discretiontime. The Executive’s initial target annual bonus incentive compensation shall initially be 3040% percent of his Base SalarySalary (the “Target Annual Incentive Compensation”). To earn Target Annual Incentive Compensation, subject to adjustment in the sole discretion of Executive must be employed by the Company on the day such Target Annual Incentive Compensation Committee or the Boardis paid.

Appears in 1 contract

Samples: Employment Agreement (resTORbio, Inc.)

Incentive Compensation. The During the Term, the Executive shall be eligible to receive cash incentive compensation as approved determined by the Board or the Compensation Committee from time to time in its sole discretiontime. The Executive’s initial target annual bonus incentive compensation shall initially be 30% forty percent (40%) of his her Base SalarySalary (as in effect at any time, subject the “Target Annual Incentive Compensation”). Except as otherwise provided herein, to adjustment in earn incentive compensation, the sole discretion of Executive must be employed by the Compensation Committee or Company on the Boardday such incentive compensation is paid.

Appears in 1 contract

Samples: Employment Agreement (AVROBIO, Inc.)

Incentive Compensation. The During the Term, the Executive shall be eligible to receive cash incentive compensation as approved determined by the Board or the Compensation Committee from time to time in its sole discretiontime. The Executive’s initial target annual bonus incentive compensation shall initially be 30% fifty percent (50%) of his her Base SalarySalary (as in effect at any time, subject to adjustment in the sole discretion of “Target Annual Incentive Compensation”). To earn incentive compensation, the Compensation Committee or Executive must be employed by the BoardCompany on the day such incentive compensation is paid.

Appears in 1 contract

Samples: Employment Agreement (AVROBIO, Inc.)

Incentive Compensation. The During the Term, the Executive shall be eligible to receive cash incentive compensation as approved determined by the Board or the Compensation Committee from time to time in its sole discretiontime. The Executive’s target annual bonus incentive compensation shall initially be 30% percent of his Base Salary, subject to adjustment in Salary (the sole discretion of the Compensation Committee or the Board.“Target Incentive Compensation”) and shall be re-determined

Appears in 1 contract

Samples: Employment Agreement (Blueprint Medicines Corp)

Incentive Compensation. The During the Term, the Executive shall be eligible to receive cash incentive compensation as approved determined by the Board or the Compensation Committee from time to time in its sole discretiontime. The Executive’s initial target annual bonus incentive compensation shall initially be 30% 30 percent of his the Executive’s Base SalarySalary (the “Target Annual Incentive Compensation”). To earn any incentive compensation, subject to adjustment in the sole discretion of Executive must be employed by the Compensation Committee or Company on the Boardday such incentive compensation is paid.

Appears in 1 contract

Samples: Employment Agreement (scPharmaceuticals Inc.)

Incentive Compensation. The Executive shall be eligible to receive cash incentive compensation as approved determined by the Board or the Compensation Committee Company from time to time in its sole discretiontime. The Executive’s target annual bonus incentive compensation shall initially be 30% forty percent (40%) of his Base SalarySalary with the actual amount to be determined by the Company in its discretion. To be eligible for an incentive compensation payment, subject to adjustment in the sole discretion of Executive must be employed by the Compensation Committee or Company on the Boardday such incentive compensation is paid.

Appears in 1 contract

Samples: Employment Agreement (Aastrom Biosciences Inc)

Incentive Compensation. The During the Term, the Executive shall be eligible to receive cash incentive compensation as approved determined by the Board or the Compensation Committee from time to time in its sole discretiontime. The Executive’s initial target annual bonus incentive compensation shall initially be 30% forty percent (40%) of his her Base SalarySalary (as in effect at any time, subject to adjustment in the sole discretion of “Target Annual Incentive Compensation”). To earn incentive compensation, the Compensation Committee or Executive must be employed by the BoardCompany on the day such incentive compensation is paid.

Appears in 1 contract

Samples: Employment Agreement (AVROBIO, Inc.)

Incentive Compensation. The During the Term, the Executive shall be eligible to receive cash incentive compensation as approved determined by the Board or the Compensation Committee from time to time in its sole discretiontime. The Executive’s target annual bonus incentive compensation shall initially be 3050% percent of his Base Salary, subject to adjustment in the sole discretion of the Compensation Committee or Base Salary (the Board“Target Bonus”). 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. The Executive shall be eligible to receive cash incentive compensation as approved determined by the Board or the Compensation Committee from time to time in its sole discretiontime. The Executive’s 's target annual bonus shall initially be 30% 40 percent of his Base Salary, subject to adjustment in the sole discretion of the Compensation Committee or the Board.

Appears in 1 contract

Samples: Employment Agreement (Danvers Bancorp, Inc.)

Incentive Compensation. The During the Term, the Executive shall be eligible to receive cash incentive compensation as approved determined by the Board or the Compensation Committee in their sole discretion from time to time in its sole discretiontime. The Executive’s target annual bonus incentive compensation shall initially be 3040% percent of his the Base SalarySalary (the “Target Bonus”). The Target Bonus pay-out will be prorated based on the Start Date based on the calendar year for the first year of employment. Except as otherwise provided herein, subject to adjustment in earn incentive compensation, the sole discretion of Executive must be employed by the Compensation Committee or Company on the Boardday such incentive compensation is paid.

Appears in 1 contract

Samples: Employment Agreement (Axcella Health Inc.)

Incentive Compensation. The Executive shall be eligible to receive cash incentive compensation as approved determined by the Board or the Compensation Committee from time to time in its sole discretiontime. The Executive’s target annual bonus incentive compensation shall initially be 30% percent $100,000.00. Notwithstanding the foregoing, whether incentive compensation is awarded and the amount of his Base Salary, subject to adjustment any incentive compensation is in the sole discretion of the Compensation Committee Board or the BoardCompensation Committee. 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 (L&F Acquisition Corp.)

Incentive Compensation. The During the Term, the Executive shall be eligible to receive cash incentive compensation as approved determined by the Board or the Compensation Committee from time to time in its sole discretiontime. The Executive’s initial target annual bonus incentive compensation shall initially be 30% [ ] percent of his Base SalarySalary (the “Target Annual Incentive Compensation”). Except as otherwise provided herein, subject to adjustment in earn incentive compensation, the sole discretion of Executive must be employed by the Compensation Committee or Company on the Boardday such incentive compensation is paid.

Appears in 1 contract

Samples: Employment Agreement (Aerpio Pharmaceuticals, Inc.)

Incentive Compensation. The During the Term, the Executive shall be eligible to receive cash incentive compensation as approved determined by the Board or the Compensation Committee from time to time in its sole discretiontime. The Executive’s target annual bonus incentive compensation shall initially be 3035% percent of his Base Salary, subject to adjustment in Salary (the sole discretion of the Compensation Committee or the Board.“Target Incentive Compensation”). To earn incentive

Appears in 1 contract

Samples: Employment Agreement (Blueprint Medicines Corp)

Incentive Compensation. The Executive shall be eligible to receive cash incentive compensation as approved determined by the Board or the Compensation Committee from time to time in its sole discretiontime. The Executive’s target annual bonus incentive compensation shall initially be 30% percent forty-five (45%) of his Base Salary, subject to adjustment in although any the sole discretion of actual incentive compensation amount shall be discretionary. To earn incentive compensation, the Compensation Committee or Executive must be employed by the BoardCompany on the day such incentive compensation is paid.

Appears in 1 contract

Samples: Employment Agreement (Bluebird Bio, Inc.)

Incentive Compensation. The Executive shall be eligible to receive cash incentive compensation as approved determined by the Board or the Compensation Committee from time to time in its sole discretiontime. The Executive’s target annual bonus incentive compensation shall initially be 30% 40 percent of his Base Salary. To earn incentive compensation, subject to adjustment in the sole discretion of Executive must be employed by the Compensation Committee or Company on the Boardday such incentive compensation is paid.

Appears in 1 contract

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

Incentive Compensation. The During the Term, the Executive shall be eligible to receive cash incentive compensation as approved determined by the Board or the Compensation Committee from time to time in its sole discretiontime. The Executive’s initial target annual bonus incentive compensation shall initially be 30% thirty-five percent (35%) of his Base SalarySalary (as in effect at any time, subject the “Target Annual Incentive Compensation”). Except as otherwise provided herein, to adjustment in earn incentive compensation, the sole discretion of Executive must be employed by the Compensation Committee or Company on the Boardday such incentive compensation is paid.

Appears in 1 contract

Samples: Employment Agreement (AVROBIO, Inc.)

Incentive Compensation. The Executive shall be eligible to receive cash incentive compensation as approved determined by the Board or the Compensation Committee from time to time in its sole discretiontime. The Executive’s initial target annual bonus incentive compensation shall initially be 30% fifty-five (55%) percent of his the Executive’s Base SalarySalary (the “Target Bonus”). The actual amount of the Executive’s annual incentive compensation, subject to adjustment if any, shall be determined in the sole discretion of the Compensation Committee Board or the BoardCompensation 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. The Executive shall be eligible to receive cash incentive compensation as approved determined by the Board or the Compensation Committee from time to time in its sole discretiontime. The Executive’s initial target annual bonus incentive compensation shall initially be 30% 60 percent of his the Executive’s Base SalarySalary (the “Target Annual Incentive Compensation”). Except as otherwise provided herein, subject to adjustment in earn incentive compensation, the sole discretion of Executive must be employed by the Compensation Committee or Company on the Boardday such incentive compensation is paid.

Appears in 1 contract

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

Incentive Compensation. The During the Term, the Executive shall be eligible to receive cash incentive compensation as approved determined by the Board or the Compensation Committee from time to time in its sole discretiontime. The Executive’s initial target annual bonus incentive compensation shall initially be 30% 30 percent of his Base SalarySalary (the “Target Annual Incentive Compensation”). Except as otherwise provided herein, subject to adjustment in earn incentive compensation, the sole discretion of Executive must be employed by the Compensation Committee or Company on the Boardday such incentive compensation is paid.

Appears in 1 contract

Samples: Employment Agreement (Xeris Pharmaceuticals Inc)

Incentive Compensation. The Executive shall be eligible to receive cash incentive compensation as approved determined by the Board or the Compensation Committee from time to time in its sole discretiontime. The Executive’s target annual bonus incentive compensation shall initially be 3035% percent of his Base Salary, subject to adjustment in Salary (the sole discretion of “Target Incentive Compensation”) and shall be re-determined periodically by the Board or the Compensation Committee or Committee. To earn incentive compensation, the BoardExecutive 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. The During the Term, the Executive shall be eligible to receive cash incentive compensation as approved determined by the Board or the Compensation Committee from time to time in its sole discretiontime. The Executive’s target annual bonus incentive compensation shall initially be 30% forty-five percent (45%) of his Base SalarySalary (the “Target Incentive Compensation”). To earn incentive compensation, subject to adjustment in the sole discretion of Executive must be employed by the Compensation Committee or Company on the Boardday such incentive compensation is paid.

Appears in 1 contract

Samples: Employment Agreement (Blueprint Medicines Corp)