Annual Bonus Clause Example with 13 Variations from Business Contracts

This page contains Annual Bonus clauses in business contracts and legal agreements. An example clause is provided at the top of the page, followed by clauses with minor variations. You can view the text differences by selecting the "Show Differences" option.
Annual Bonus. Employee will be eligible to earn an annual performance bonus of up to fifty percent (50%) of Employee's Base Salary rate (the "Annual Bonus") for performance at "targeted" levels. The Annual Bonus will be based upon an assessment by the Board of Employee's performance and the Company's attainment of written targeted goals as set by the Board in its sole discretion. Bonus payments, if any, will be subject to applicable payroll deductions and withholdings. Following the close of each calendar yea...r, the Board will determine whether Employee has earned an Annual Bonus, and the amount of any such bonus, based on the achievement of such goals. No amount of the Annual Bonus is guaranteed, and Employee must be an employee on the Annual Bonus payment date to be eligible to receive an Annual Bonus; except as provided in Section 5 below, no partial or prorated bonuses will be provided. The Annual Bonus, if earned, will be paid no later than March 15 of the calendar year after the applicable bonus year. View More
Found in Icosavax, Inc. contract

Variations of a "Annual Bonus" Clause from Business Contracts

Annual Bonus. Employee Commencing with calendar year 2018, you will be eligible to earn an annual performance and retention bonus of up to fifty twenty-five percent (50%) (25%) of Employee's Base Salary your base salary rate (the "Annual Bonus") for performance at "targeted" levels. Bonus"). The Annual Bonus will be based upon an assessment by the Company's Board of Employee's Directors (the "Board")'s assessment of your performance and the Company's attainment of written targeted goals as set by the Board in... its sole discretion. Bonus payments, if any, will be subject to applicable payroll deductions and withholdings. Following the close of each calendar year, the Board will determine whether Employee has you have earned an Annual Bonus, and the amount of any such bonus, based on the achievement of such goals. No amount of the Annual Bonus is guaranteed, and Employee you must be an employee on the Annual Bonus payment date to be eligible to receive an Annual Bonus; except as provided in Section 5 below, no partial or prorated bonuses will be provided. The Annual Bonus, if earned, will be paid no later than March 15 of the calendar year after the applicable bonus year. Your bonus eligibility is subject to change in the discretion of the Board (or any authorized committee thereof). A-1 4. Expenses. The Company will reimburse you for reasonable travel, entertainment or other expenses incurred by you in furtherance or in connection with the performance of your duties hereunder, in accordance with the Company's expense reimbursement policy as in effect from time to time. View More
Found in Vera Therapeutics, Inc. contract
Annual Bonus. Employee Commencing with calendar year 2020, you will be eligible to earn an annual performance and retention bonus of up to fifty thirty percent (50%) (30%) of Employee's Base Salary your base salary rate (the "Annual Bonus") for performance at "targeted" levels. Bonus"). The Annual Bonus will be based upon an assessment by the Company's Board of Employee's Directors (the "Board")'s assessment of your performance and the Company's attainment of written targeted goals as set by the Board in its ...sole discretion. Bonus payments, if any, will be subject to applicable payroll deductions and withholdings. Following the close of each calendar year, the Board will determine whether Employee has you have earned an Annual Bonus, and the amount of any such bonus, based on the achievement of such goals. No amount of the Annual Bonus is guaranteed, and Employee you must be an employee on the Annual Bonus payment date to be eligible to receive an Annual Bonus; except as provided in Section 5 below, no partial or prorated bonuses will be provided. The Annual Bonus, if earned, will be paid no later than March 15 of the calendar year after the applicable bonus year. Your bonus eligibility is subject to change in the discretion of the Board (or any authorized committee thereof). B-2 4. Expenses. The Company will reimburse you for reasonable travel, entertainment or other expenses incurred by you in furtherance or in connection with the performance of your duties hereunder, in accordance with the Company's expense reimbursement policy as in effect from time to time. View More
Found in Vera Therapeutics, Inc. contract
Annual Bonus. Employee Commencing with calendar year 2018, you will be eligible to earn an annual performance and retention bonus of up to fifty thirty percent (50%) (30%) of Employee's Base Salary your base salary rate (the "Annual Bonus") for performance at "targeted" levels. Bonus"). The Annual Bonus will be based upon an Iterum Therapeutics Limited (the "Parent")'s chief executive officer (the "Parent CEO")'s assessment by the Board of Employee's your performance and the Company's attainment of written ta...rgeted goals as set by the Board Parent CEO in its sole discretion. Bonus payments, if any, will be subject to applicable payroll deductions and withholdings. Following the close of each calendar year, the Board Parent CEO will determine whether Employee has you have earned an Annual Bonus, and the amount of any such bonus, based on the achievement of such goals. No amount of the Annual Bonus is guaranteed, and Employee you must be an employee on the Annual Bonus payment date to be eligible to receive an Annual Bonus; except as provided in Section 5 below, no partial or prorated bonuses will be provided. The Annual Bonus, if earned, will be paid no later than March 15 of the calendar year after the applicable bonus year. View More
Found in Iterum Therapeutics plc contract
Annual Bonus. Employee You will be eligible to earn an annual performance and retention bonus of up to fifty forty percent (50%) (40%) of Employee's Base Salary your base salary rate (the "Annual Bonus") for performance at "targeted" levels. Bonus"). The Annual Bonus will be based upon an assessment by the Company's Board of Employee's Directors' (the "Board") assessment of your performance and the Company's attainment of written targeted goals as set by the Board in its sole discretion. Bonus payments, if an...y, will be subject to applicable payroll deductions and withholdings. Following the close of each calendar year, the Board will determine whether Employee has you have earned an Annual Bonus, and the amount of any such bonus, based on the achievement of such goals. No amount of the Annual Bonus is guaranteed, and Employee you must be an employee on the Annual Bonus payment date to be eligible to receive an Annual Bonus; except as provided in Section 5 below, no partial or prorated bonuses will be provided. The Annual Bonus, if earned, will be paid no later than March 15 of the calendar year after the applicable bonus year. Your bonus eligibility is subject to change in the discretion of the Board (or any authorized committee thereof). View More
Found in Applied Therapeutics Inc. contract
Annual Bonus. Employee You will be eligible to earn an annual performance and retention bonus of up to fifty percent (50%) of Employee's Base Salary your base salary rate (the "Annual Bonus") for performance at "targeted" levels. Bonus"). The Annual Bonus will be based upon an assessment by the Board assessment of Employee's your performance and the Company's attainment of written targeted goals as set by the Board in its sole discretion. Bonus payments, if any, will be subject to applicable payroll deduction...s and withholdings. Following the close of each calendar year, the Board will determine whether Employee has you have earned an Annual Bonus, and the amount of any such bonus, based on the achievement of such goals. No amount of the Annual Bonus is guaranteed, and Employee you must be an employee on the Annual Bonus payment date to be eligible to receive an Annual Bonus; except as provided in Section 5 below, no partial or prorated bonuses will be provided. Bonus. The Annual Bonus, if earned, will be paid no later than March 15 of the calendar year after the applicable bonus year. Your bonus eligibility is subject to change in the discretion of the Board (or any authorized committee thereof). View More
Found in Applied Therapeutics Inc. contract
Annual Bonus. Employee You will be eligible to earn an annual performance bonus of up to fifty percent (50%) 40% of Employee's Base Salary rate your base salary rate, pro-rated in calendar year 2021 for the partial year of service (the "Annual Bonus") for performance at "targeted" levels. Bonus"). The Annual Bonus will be based upon an the Company's assessment by the Board of Employee's your performance and the Company's attainment of written targeted goals as set by the Board Company in its sole discretion. ...Bonus payments, if any, will be subject to applicable payroll deductions and withholdings. Following the close of each calendar year, the Board Company will determine whether Employee has you have earned an Annual Bonus, and the amount of any such bonus, based on the achievement of such goals. No amount of the Annual Bonus is guaranteed, and Employee you must be an employee on the Annual Bonus payment date to be eligible to receive an Annual Bonus; except as provided in Section 5 below, no partial or prorated bonuses will be provided. The Annual Bonus, if earned, will be paid no later than March 15 of the calendar year after the applicable bonus year. View More
Found in Vera Therapeutics, Inc. contract
Annual Bonus. During her employment, Employee will be eligible to earn an annual performance bonus of up to fifty forty percent (50%) (40%) of Employee's Base Salary rate (the "Annual Bonus") for performance at "targeted" levels. The Annual Bonus will be based upon an assessment by the Board of Directors of the Company (the "Board") of Employee's performance and the Company's attainment of written targeted goals as set by the Board in its sole discretion. Bonus payments, if any, will be subject to applicable ...payroll deductions and withholdings. Following the close of each calendar year, the Board will determine whether Employee has earned an Annual Bonus, and the amount of any such bonus, based on the achievement of such goals. No amount of the Annual Bonus is guaranteed, and Employee must be an employee on the Annual Bonus payment date to be eligible to receive an Annual Bonus; except as provided in Section 5 below, no partial or prorated bonuses will be provided. The Annual Bonus, if earned, will be paid no later than March 15 of the calendar year after the applicable bonus year. Page 1 4. At-Will Employment Relationship. Employee may terminate her employment with the Company at any time and for any reason whatsoever simply by notifying the Company. Likewise, the Company may terminate Employee's employment at any time, with or without cause or advance notice. Employee's employment at-will status can only be modified in a written agreement signed by Employee and by an officer of the Company. View More
Found in Icosavax, Inc. contract
Annual Bonus. Employee Commencing as of January 1, 2020, you will be eligible to earn an annual performance bonus of up to fifty percent (50%) 40% of Employee's Base Salary your base salary rate (the "Annual Bonus") for performance at "targeted" levels. Bonus"). The Annual Bonus will be based upon an the Board's assessment by the Board of Employee's your performance and the Company's attainment of written targeted goals as set by the Board in its sole discretion. Bonus payments, if any, will be subject to app...licable payroll deductions and withholdings. Following the close of each calendar year, the Board will determine whether Employee has you have earned an Annual Bonus, and the amount of any such bonus, based on the achievement of such goals. No amount of the Annual Bonus is guaranteed, and Employee you must be an employee on the Annual Bonus payment date to be eligible to receive an Annual Bonus; except as provided in Section 5 below, no partial or prorated bonuses will be provided. The Annual Bonus, if earned, will be paid no later than March 15 of the calendar year after the applicable bonus year. View More
Found in Vera Therapeutics, Inc. contract
Annual Bonus. Employee You will be eligible to earn an annual performance bonus of up to fifty percent (50%) 40% of Employee's Base Salary your base salary rate (the "Annual Bonus") for performance at "targeted" levels. Bonus"). The Annual Bonus will be based upon an the Company's assessment by the Board of Employee's your performance and the Company's attainment of written targeted goals as set by the Board Company in its sole discretion. Bonus payments, if any, will be subject to applicable payroll deductio...ns and withholdings. Following the close of each calendar year, the Board Company will determine whether Employee has you have earned an Annual Bonus, and the amount of any such bonus, based on the achievement of such goals. No amount of the Annual Bonus is guaranteed, and Employee you must be an employee on the Annual Bonus payment date to be eligible to receive an Annual Bonus; except as provided in Section 5 below, no partial or prorated bonuses will be provided. The Annual Bonus, if earned, will be paid no later than March 15 of the calendar year after the applicable bonus year. View More
Found in 2 Contracts from Vera Therapeutics, Inc.
Annual Bonus. Employee You will be eligible to earn an annual performance bonus of up to fifty percent (50%) 50% of Employee's Base Salary your base salary rate (the "Annual Bonus") for performance at "targeted" levels. Bonus"). The Annual Bonus will be based upon an the Board's assessment by the Board of Employee's your performance and the Company's attainment of written targeted goals as set by the Board in its sole discretion. Bonus payments, if any, will be subject to applicable payroll deductions and wit...hholdings. Following the close of each calendar year, the Board will determine whether Employee has you have earned an Annual Bonus, and the amount of any such bonus, based on the achievement of such goals. No amount of the Annual Bonus is guaranteed, and Employee you must be an employee on the Annual Bonus payment date to be eligible to receive an Annual Bonus; except as provided in Section 5 below, no partial or prorated bonuses will be provided. The Annual Bonus, if earned, will be paid no later than March 15 of the calendar year after the applicable bonus year. View More
Found in Vera Therapeutics, Inc. contract