Bonus Contract Clauses (400)

Bonus. (a) Performance-Based Bonus. Executive shall be eligible for performance-based bonuses awarded on an annual calendar year basis provided the Company achieves financial objectives established by the Company's management and approved by the Board for such calendar year. Executive shall be provided the opportunity to earn up to an additional 150% of Executive's annual Base Salary then in effect in performance-based bonus compensation for an applicable calendar year. Performance-based bonuses that a...re earned with respect to any calendar year will be payable no later than March 15th of the following calendar year. Notwithstanding anything herein to the contrary, in the event the Company does not achieve the financial objectives approved by the Board for any calendar year, Executive will only be entitled to receive a performance-based bonus pursuant to this Section 3(a) for such calendar year if the Board, in its sole and absolute discretion, elects to pay such a bonus to Executive. (b) If Executive resigns before the last day of a calendar year (other than for a Material Breach (as hereinafter defined)) or is discharged by the Company for Cause before the last day of such calendar year, Executive will not be entitled to receive a performance-based bonus pursuant to Section 3(a) for such calendar year. If Executive's employment terminates prior to the last day of a calendar year for any other reason, Executive shall be entitled to receive a pro rata part of the performance-based bonus for such calendar year pursuant to Section 3(a) only if the Board, in its sole and absolute discretion, elects to pay a pro rata part of the performance-based bonus to Executive. (c) Stock Incentive Plan. Executive shall be eligible to participate in the Company 2010 Stock Plan, through which the Company grants equity award to its key employees, pursuant to the separate terms and conditions of the 2010 Stock Plan, as determined by the Board, in its sole discretion. Any grants made to Executive under the 2010 Stock Plan shall be subject to the terms and conditions of such plan and any applicable award agreements. View More

Bonus. (a) Annual Bonus. The Executive shall be eligible to receive an annual bonus the ("Annual Bonus") as determined by the Compensation Committee or the Board of Directors of the Company (the "Compensation Committee"). The Annual Bonus shall be paid by the Company to the Executive promptly after determination that the relevant targets, if any, have been met, it being understood that the attainment of any financial targets associated with any bonus shall not be determined until following the completi...on of the Company's annual audit and public announcement of such results and shall be paid promptly following the Company's announcement of earnings. In the event that the Compensation Committee is unable to act or if there shall be no such Compensation Committee, then all references herein to the Compensation Committee (except in the proviso to this sentence) shall be deemed to be references to the Board. Upon his termination from employment, the Executive shall be entitled to receive a pro-rata portion of the Annual Bonus calculated based upon his final day of employment, regardless of whether he is employed by the Company through the conclusion of the fiscal quarter or year, as the case may be, on which the Annual Bonus is based. (b) Equity Awards. The Executive shall be eligible for such grants of awards under a Company incentive plan (or any successor or replacement plan adopted by the Board and approved by the stockholders of the Company) (the "Plan") or as the Compensation Committee or Board may from time to time determine (the "Share Awards"). Share Awards shall be subject to the applicable Plan terms and conditions, provided, however, that Share Awards shall be subject to any additional terms and conditions as are provided herein or in any award certificate(s), which shall supersede any conflicting provisions governing Share Awards provided under the Plan. View More

Bonus. In addition to your base salary, you are eligible to participate in Coupa's annual performance bonus program as established each year under the Company's incentive bonus plan. Your target incentive is currently 10% of your base salary, or $25,000. You must be an active employee of Coupa on the date bonuses are paid to be eligible for any payout.

Bonus. You will be eligible to receive a discretionary cash bonus equal to a percentage of your annual Base Salary (the "Incentive Bonus"), which Incentive Bonus will be payable based on the financial performance of the Company, the attainment of certain corporate and departmental goals and your personal performance. The amount of such Incentive Bonus will be determined in the sole discretion of the Board of Directors of the Company (the "Board"). The Incentive Bonus, if any, for 2018 is targeted at 25...% of your annual Base Salary in 2018 and will not be prorated. The Incentive Bonus may be increased or decreased dependent upon the attainment of certain corporate, departmental and personal performance measures, as defined by you and the CEO. View More

Bonus. In addition to your salary, beginning in calendar year 2021 you may be eligible to receive an annual bonus, targeted at 65% of your base salary (the "Target Bonus"). The decision to award a bonus for any particular calendar year and the amount thereof are subject to the Company's discretion, and may depend in part on the Company's evaluation of your performance and the Company's performance. Annual bonuses, if any, will be paid no later than March 15 of the year following the calendar year to wh...ich such bonus relates, and you must remain employed by the Company through date of payment to earn any portion of such bonus. You will also be entitled to a cash bonus equal to $40,000 (forty thousand Dollars), which will be paid in a lump sum within thirty (30) days following the completion of the Company's first capital raise equal to at least fifty (50) million Dollars (the "First Capital Raise" and such bonus (the "First Capital Raise Bonus") is subject to your continued employment with the Company through the payment date. In addition, upon completion of an initial public offering of the equity securities of the Company or any of its affiliates prior to August 31, 2021 (the "IPO"), you will receive a cash bonus equal to $337,000 (three hundred thirty-seven thousand Dollars) (the "IPO Bonus") to be paid in a lump sum immediately upon completion of the IPO, subject to your continued employment with the Company through such payment date. View More

Bonus. (a)ANNUAL BONUS. With respect to each full calendar year during the Employment Term, the Executive shall be eligible to earn an annual, performance-based bonus (an "Annual Bonus") with a target bonus value equal to forty percent (40%) of the Executive's Base Salary (the "Target Bonus") based upon the achievement of performance targets, which shall be established by the Board (or a committee thereof) in consultation with the Executive within the first 90 days of each calendar year during the Empl...oyment Term, with the actual amount of the Annual Bonus for a particular year determined by the Board (or a committee thereof) in its discretion. The Board (or a committee thereof) shall consider the Executive's performance in the entire 2018 calendar year without regard to the effective date when determining the Executive's Annual Bonus for the 2018 calendar year. Subject to Section 8 below, in order to be eligible for an Annual Bonus, the Executive must remain employed for the entire calendar year for which the performance targets will have been set. Any Annual Bonus earned by the Executive will be paid no later than March 15 of the calendar year immediately following the calendar year in which the Annual Bonus is being measured. The Executive's Target Bonus shall be subject to review by the Board (or a committee thereof) at least annually and may be increased, but not decreased, from time to time by the Board. View More

Bonus. Except as otherwise provided for herein, for each fiscal year or other period consistent with the Company's then-applicable normal employment practices during which Executive is employed hereunder on the last day (the "Bonus Year"), Executive shall be eligible to receive a bonus with a target amount not less than 160% of Executive's Annual Base Salary (the "Target Bonus"), with the actual bonus payout depending on the achievement of levels of performance for that year (the "Bonus") pursuant to, ...and as set forth in, the terms of the Company's Executive Bonus Plan as it may be amended from time to time, plus such other bonus payments, if any, as shall be determined by the Committee in its sole discretion, with such bonuses being paid on or before March 15 of the calendar year next following the Bonus Year. View More

Bonus. Compensation for this position also includes participation in the Company's bonus plan with an annual target bonus of 30% of your annual salary. Your bonus will be based on the Company's overall goals as well as your individual goals. For each year during the term of this letter agreement, you will be eligible to receive a bonus (pro-rated in the case of any partial year during which you were employed by the Company) based on a determination by the Company's Board (or a committee thereof) regard...ing the Company's achievement of its goals and your own successful performance of your duties through the end of the applicable year. View More

Bonus. You will be eligible to receive an annual performance-based cash bonus of up to 20% of your base salary (your "Target Incentive Opportunity") based upon achievement of targeted, agreed-upon goals, both Company-wide and individual. Your actual annual performance-based bonus shall be determined by the Company and may range from no payout for not achieving threshold performance to amounts in excess of the Target Incentive Opportunity for stretch performance. Any actual annual performance-based bonu...s earned by you for a calendar year will be paid no later than March 15th of the following year. View More

Bonus. Executive shall, to the extent earned based on the level of attainment of the applicable performance criteria, be paid an annual cash performance bonus (a "Bonus") in respect of each calendar year that ends during the Term in respect of his service as Chief Executive Officer of the Company and as Chairman of the Board. The performance criteria for each such calendar year shall be established by the Committee after consultation with Executive no later than ninety (90) calendar days after the comm...encement of such calendar year. While serving as Chief Executive Officer of the Company during the Term, Executive's Bonus for each such calendar year shall equal 300% of his Annual Base Salary in effect at the time such performance criteria are established if target-level performance for such year (as determined by the Committee) is attained (the "Target Bonus"), with greater or lesser amounts (including zero) paid for performance attainment above and below target-level performance attainment (such greater and lesser amounts to be determined by a formula established by the Committee for each year when it establishes the targets and performance criteria for such year); provided, however, if Executive's Annual Base Salary is increased in any calendar year during the Term after such performance criteria are established, Executive's "Annual Base Salary" for such calendar year for purposes of this Section 6 shall instead be equal to the sum of (x) Executive's rate of base salary prior to such increase multiplied by a fraction, the numerator of which is the number of days elapsed in the calendar year prior to the effective date of such increase and the denominator of which is the total number of days in such calendar year, and (y) Executive's rate of base salary following such increase (including the effective date of such increase) multiplied by a fraction, the numerator of which is the number of days elapsed in the calendar year following the date of such increase and the denominator of which is the total number of days in such calendar year. The amount earned in respect of any Bonus shall be determined by the Committee after the end of the calendar year for which such Bonus is granted and shall be paid to Executive during the calendar year immediately following such calendar year when annual bonuses are paid to other senior executives of the Company generally. In the event that Executive transitions to a -8- Mutually Agreed Role during the Term, Executive shall be entitled to a Pro-Rata Bonus with respect to the portion of the year served as Chief Executive Officer of the Company. View More