Common use of Performance Bonus Awards Clause in Contracts

Performance Bonus Awards. Each right to receive a bonus granted under this Section 8.3 shall be denominated in the form of cash (but may be payable in cash, stock or a combination thereof) (a “Performance Bonus Award”) and shall be payable upon the attainment of performance goals that are established by the Administrator and relate to one or more of performance or other specific criteria, including service to the Company or Subsidiaries, in each case on a specified date or dates or over any period or periods determined by the Administrator.

Appears in 4 contracts

Samples: Incentive Award Plan (Eargo, Inc.), 2020 Incentive Award Plan (Eargo, Inc.), Merger Agreement (Broadscale Acquisition Corp.)

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