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. Commencing with the calendar year in which the Effective Date occurs, Employee will be eligible to earn an annual performance bonus of up to fifty thirty-five percent (50%) (35%) 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. B...onus 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 7 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. Employee's Annual Bonus for 2021 will be prorated to reflect the portion of the year during which he is employed by the Company. View More
Found in Icosavax, Inc. contract
Annual Bonus. During his 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. Employee's Annual Bonus for 2021 will be prorated to reflect the portion of the year during which he is employed by the Company. View More
Found in Icosavax, Inc. contract
Annual Bonus. Commencing with the calendar year in which the Effective Date occurs, Employee will be eligible to earn an annual performance bonus of up to fifty thirty percent (50%) (30%) 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 7 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 3 Contracts from Icosavax, Inc.