Common use of Separation Bonus Clause in Contracts

Separation Bonus. Within thirty (30) days following Executive’s termination, payment of a separation bonus in an amount equal to the target annual bonus to which Executive may have been entitled for the year in which Executive is terminated, prorated for the portion of the year in which Executive was employed.

Appears in 4 contracts

Samples: Severance and Change of Control Agreement (Synta Pharmaceuticals Corp), Severance and Change of Control Agreement (Synta Pharmaceuticals Corp), Severance and Change of Control Agreement (Synta Pharmaceuticals Corp)

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Separation Bonus. Within thirty (30) days following Executive’s termination, payment Payment of a separation bonus in an amount equal to the target annual bonus Annual Performance Bonus to which Executive may have been entitled for the year in which Executive is terminatedExecutive’s employment terminates less all customary and required taxes and employment-related deductions, prorated for paid on the portion first payroll date following the date on which the release of claims required by Section 4(e) becomes effective and non-revocable, but not after seventy (70) days following the year in which Executive was employedeffective date of termination from employment.

Appears in 4 contracts

Samples: Executive Employment Agreement (Wave Life Sciences Ltd.), Executive Employment Agreement (Wave Life Sciences Ltd.), Executive Employment Agreement (Wave Life Sciences Ltd.)

Separation Bonus. Within thirty forty-five (3045) days following Executive’s termination, payment of a separation bonus in an amount equal to the target annual bonus to which the Executive may have been entitled for the year in which Executive is terminated, prorated for the portion of the year in which Executive was employed.

Appears in 3 contracts

Samples: Severance and Change in Control Agreement (Altus Pharmaceuticals Inc.), Severance and Change in Control Agreement (Altus Pharmaceuticals Inc.), Severance and Change in Control Agreement (Altus Pharmaceuticals Inc.)

Separation Bonus. Within thirty On the sixtieth (3060th) days day following Executive’s termination, payment of a separation bonus in an amount equal to the target annual bonus to which Executive may have been entitled for the year in which Executive is terminated, prorated for the portion of the year in which Executive was employed.

Appears in 3 contracts

Samples: Severance and Change of Control Agreement (Synta Pharmaceuticals Corp), Severance and Change of Control Agreement (Synta Pharmaceuticals Corp), Severance and Change of Control Agreement (Synta Pharmaceuticals Corp)

Separation Bonus. Within thirty (30) days following Executive’s termination, payment Payment of a separation bonus in an amount equal to the target annual bonus Annual Performance Bonus to which Executive may have been entitled for the year in which Executive is terminatedExecutive’s employment terminates, prorated for the to reflect that portion of the year in which Executive was employedemployed prior to termination, less all customary and required taxes and employment-related deductions, paid on the first payroll date following the date on which the release of claims required by Section 4(e) becomes effective and non-revocable, but not after seventy (70) days following the effective date of termination from employment.

Appears in 3 contracts

Samples: Executive Employment Agreement (Pulmatrix, Inc.), Executive Employment Agreement (Ruthigen, Inc.), Executive Employment Agreement (Ruthigen, Inc.)

Separation Bonus. Within thirty (30) days following Executive’s termination, payment Payment of a separation bonus in an amount equal to the target annual bonus Annual Performance Bonus to which Executive may have been entitled for the year in which Executive is terminatedExecutive’s employment terminates, prorated for the to reflect that portion of the year in which Executive was employed, less all customary and required taxes and employment-related deductions, paid on the first payroll date following the date on which the release of claims required by Section 4(e) becomes effective and non-revocable, but not after seventy (70) days following the effective date of termination from employment.

Appears in 3 contracts

Samples: Executive Employment Agreement (Wave Life Sciences Ltd.), Executive Employment Agreement (Wave Life Sciences Ltd.), Executive Employment Agreement (Synta Pharmaceuticals Corp)

Separation Bonus. Within thirty In the Company’s sole discretion, and conditioned upon appropriate approval from the Compensation Committee, within forty-five (3045) days following Executive’s termination, payment of termination the Company may pay Executive a separation bonus in an amount equal not to exceed fifty percent (50%) of the target annual bonus to which Executive may have been entitled for the year in which Executive is terminated, prorated for the portion of the year in which Executive was employed, provided any such payments will be made within forty-five (45) days following Executive’s termination with the Company.

Appears in 2 contracts

Samples: Severance and Change in Control Agreement (Altus Pharmaceuticals Inc.), Severance and Change in Control Agreement (Altus Pharmaceuticals Inc.)

Separation Bonus. Within thirty (30) days following Executive’s termination, payment Payment of a separation bonus in an amount equal to fifty percent (50%) of the target annual bonus Annual Performance Bonus to which Executive may have been entitled for the year in which Executive is terminatedExecutive’s employment terminates, such 50% amount to be prorated for the to reflect that portion of the year in which Executive was employedemployed prior to termination, less all customary and required taxes and employment-related deductions, paid on the first payroll date following the date on which the release of claims required by Section 4(e) becomes effective and non-revocable, but not after seventy (70) days following the effective date of termination from employment.

Appears in 2 contracts

Samples: Executive Employment Agreement (Ruthigen, Inc.), Executive Employment Agreement (Ruthigen, Inc.)

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Separation Bonus. Within thirty (30) days following Executive’s 's termination, payment of a separation bonus in an amount equal to the target annual bonus to which Executive may have been entitled for the year in which Executive is terminated, prorated for the portion of the year in which Executive was employed.

Appears in 1 contract

Samples: Severance and Change of Control Agreement (Synta Pharmaceuticals Corp)

Separation Bonus. Within thirty forty-five (3045) days following Executive’s termination, payment of a separation bonus in an amount equal to two (2) times the target annual bonus to which the Executive may have been entitled for the year in which Executive is terminated, prorated for the portion of the year in which Executive was employed.

Appears in 1 contract

Samples: Severance and Change in Control Agreement (Altus Pharmaceuticals Inc.)

Separation Bonus. Within thirty forty-five (3045) days following Executive’s termination, payment of a separation bonus in an amount equal to one-and-a-half (1.5) times the target annual bonus to which the Executive may have been entitled for the year in which Executive is terminated, prorated for the portion of the year in which Executive was employed.

Appears in 1 contract

Samples: Severance and Change in Control Agreement (Altus Pharmaceuticals Inc.)

Separation Bonus. Within thirty (30) days following Executive’s termination, payment Payment of a separation bonus in an amount equal to seventy-five percent (75%) of the target annual bonus Annual Performance Bonus to which Executive may have been entitled for the year in which Executive is terminatedExecutive’s employment terminates, such 75% amount to be prorated for the to reflect that portion of the year in which Executive was employedemployed prior to termination, less all customary and required taxes and employment-related deductions, paid on the first payroll date following the date on which the release of claims required by Section 4(e) becomes effective and non-revocable, but not after seventy (70) days following the effective date of termination from employment.

Appears in 1 contract

Samples: Executive Employment Agreement (Pulmatrix, Inc.)

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