Separation Bonus. Payment of a separation bonus in an amount equal to the target Annual Performance Bonus to which Executive may have been entitled for the year in which Executive’s employment terminates 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 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. Payment Within thirty (30) days following Executive’s termination, payment of a separation bonus in an amount equal to the target Annual Performance Bonus annual bonus to which Executive may have been entitled for the year in which Executive’s employment terminates less all customary and required taxes and employment-related deductionsExecutive is terminated, paid on prorated for the first payroll date following portion of the date on year in 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 employmentExecutive 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)
Separation Bonus. Payment of a separation bonus in an amount equal to the target Annual Performance Bonus to which Executive may have been entitled for the year in which Executive’s employment terminates terminates, prorated to reflect that portion of the year in which Executive was employed 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. Payment of a separation bonus in an amount equal to the target Annual Performance Bonus to which Executive may have been entitled for the year in which Executive’s employment terminates terminates, prorated 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. Payment of a separation bonus in an amount equal to fifty percent (50%) of the target Annual Performance Bonus to which Executive may have been entitled for the year in which Executive’s employment terminates terminates, such 50% amount to be prorated to reflect that portion of the year in which Executive was employed 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.)
Separation Bonus. Payment of a separation bonus in an amount equal to the target Annual Performance Bonus to which Executive may have been entitled for the year in which Executive’s employment terminates terminates, prorated to reflect that portion of the year in which Executive was employed prior to termination, less all customary and required taxes and employment-related deductions, paid on at the first payroll date following same time as the date on which the release of claims required by Section 4(epayment in (i) becomes effective and non-revocable, but not after seventy (70) days following the effective date of termination from employmentabove.
Appears in 2 contracts
Samples: Executive Employment Agreement (Pulmatrix, Inc.), Executive Employment Agreement (Pulmatrix, Inc.)
Separation Bonus. Payment of a separation bonus in an amount equal to the target Annual Performance Bonus to which Executive may have been entitled for the year in which Executive’s employment terminates terminates, prorated 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 fifty-five (7055) days following the effective date of termination from employment.
Appears in 1 contract
Samples: Executive Employment Agreement (Wave Life Sciences Ltd.)
Separation Bonus. Payment of a separation bonus in an amount equal to one hundred (100%) of the target Annual Performance Bonus to which Executive may have been entitled for the year in which Executive’s employment terminates terminates, less all customary and required taxes and employment-related deductions, paid on the first payroll same date following as the date on which the release of claims required by Section 4(e) becomes effective and non-revocable, but not after seventy payment under (70) days following the effective date of termination from employmenti).
Appears in 1 contract
Separation Bonus. Payment of a separation bonus in an amount equal to seventy-five percent (75%) of the target Annual Performance Bonus to which Executive may have been entitled for the year in which Executive’s employment terminates terminates, such 75% amount to be prorated to reflect that portion of the year in which Executive was employed 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
Separation Bonus. Payment of a separation bonus in an amount equal to one hundred (100%) of the target Annual Performance Bonus to which Executive may have been entitled for the year in which Executive’s employment terminates terminates, less all customary and required taxes and employment-related deductions, paid on the first payroll same date following as the date on which the release of claims required by Section 4(e) becomes effective and non-revocable, but not after seventy initial payment under (70) days following the effective date of termination from employmenti).
Appears in 1 contract
Separation Bonus. Payment of a separation bonus in an amount equal to seventy-five percent (75%) of the target Annual Performance Bonus to which Executive may have been entitled for the year in which Executive’s employment terminates terminates, such 75% amount to be prorated to reflect that portion of the year in which Executive was employed prior to termination, less all customary and required taxes and employment-related deductions, paid on the first payroll same date following as the date on which the release of claims required by Section 4(e) becomes effective and non-revocable, but not after seventy initial payment under (70) days following the effective date of termination from employmenti).
Appears in 1 contract