Bonus Contract Clauses (1,712)

Grouped Into 25 Collections of Similar Clauses From Business Contracts

This page contains Bonus clauses in business contracts and legal agreements. We have organized these clauses into groups of similarly worded clauses.
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... are 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 Arrow
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 $300,000.00 maximum in performance-based bonus compensation for an applicable in any calendar year.... Performance-based bonuses that are earned with respect to any calendar year will be payable no later than March 15th 15 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 3(a). Such pro rata part of shall equal the total performance-based bonus to Executive. (c) Stock Incentive Plan. that would have been payable had 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 remained employed for all of such plan calendar year multiplied by a fraction, the numerator of which is the number of days elapsing in such calendar year through the date Executive's employment terminates and any applicable award agreements. the denominator of which is 365. View More Arrow
View Variations (5) Arrow
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... completion 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 Arrow
Bonus. (a) Signing Bonus. Upon execution of this Agreement, Executive shall be entitled to a signing bonus of $25,000 (b) 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"). Committee") in an amount equal up to 50% of the Executive's annualized Base Salary. 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 completion of the Company's (and Parent's) annual audit and public announcement of such results and shall be paid promptly following the Company's (or Parent'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) based and may be payable in cash or stock, at the discretion of the Board. 1 (c) Equity Awards. The Executive shall be eligible for such grants of awards under a Company Riot Blockchain, Inc. ("Parent") incentive plan (or any successor or replacement plan adopted by the Parent's Board and approved by the stockholders of the Company) Parent) (the "Plan") or as the Compensation Committee or Board may from time to time determine (the "Share Awards"). On the Effective Date, the Executive shall be issued the Share Awards set forth on Schedule I attached hereto. 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 Arrow
View Variations (3) Arrow
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. 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% 100% of your base salary, or $25,000. $340,000. You must be an active employee of Coupa on the date bonuses are paid to be eligible for any payout.
View Variations (3) Arrow
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 Arrow
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 2019 is targeted... at 25% 45% of your annual Base Salary in 2018 2019 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 Arrow
View Variations (3) Arrow
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... which 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 Arrow
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... which 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 $500,000 (five 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. Ocean Biomedical, Inc. c/o Dr. Jonathan Kurtis, Director 55 Claverick St., Suite 325 Providence, RI 02903 www.oceanbiomedical.com 5. Severance. Notwithstanding anything to the contrary, in the event your employment with the Company is terminated without Cause (as defined in the Company's 2021 Stock Option and Grant Plan (as amended from time to time, the "Plan")) or you resign from the Company with Good Reason (as defined in the Plan), you will be entitled to receive the following severance benefits, subject to your execution and delivery of an irrevocable release of claims in favor of the Company and its affiliates within sixty (60) days of such termination: (a) continuation of your then-current base salary for twelve (12) months, payable in accordance with the Company's regular payroll cycle; (b) a pro-rata portion of your then-current Target Bonus, based on the number of days you were employed by the Company in the year of termination, payable in substantially equal installments in accordance with the Company's regular payroll cycle over twelve (12) months; (c) full and immediate accelerated vesting of any and all of your then- outstanding and unvested equity awards in the Company; (d) subject to the completion of the First Capital Raise, the First Capital Raise Bonus, payable in a lump sum within thirty (30) days of the completion of such First Capital Raise, regardless of your continued employment with the Company through the payment date; (e) subject to the completion of the IPO, the IPO Bonus, payable in a lump sum immediately upon completion of such IPO, regardless of your continued employment with the Company through the payment date; and (f) extended post-termination exercise periods for your then-outstanding options, to the extent vested and exercisable as of the date of such termination, for the remainder of their terms. View More Arrow
View Variations (3) Arrow
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... Employment 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 Arrow
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 fifty percent (40%) (50%) 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 Employment 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 2020 calendar year without regard to the effective date when determining the Executive's Annual Bonus for the 2018 2020 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. (b)PERFORMANCE BONUS. In addition, the Executive may earn performance bonus as follows: (i) a bonus of US$125,000 upon the achievement of complete Phase 2 study enrollment (US, EU and IL) by July 2020. This bonus is independent of the 2020 annual bonus. Such performance bonus will be payable to the Executive at the next regular payroll date following the satisfaction of the performance criteria, but in no event later than thirty (30) days following the satisfaction of the performance criteria. View More Arrow
View Variations (3) Arrow
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 Arrow
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% than: (i) 110% of Executive's annual base salary that was then in effect for periods through May 17, 2021; and (ii) 150% of Executive's Annual Base Salary (the for periods from... and after May 18, 2021(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 7 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. If Executive's employment with the Company is terminated by Retirement during or after 2022, Executive will be eligible for a pro-rata Bonus for that year based on the Company's performance attainment, with such Bonus being paid on or before March 15 of the calendar year next following the Bonus. "Retirement" shall mean the Executive's termination of employment without Good Reason, but only if such retirement occurs when the Company does not have grounds to terminate the employee for Cause. View More Arrow
View Variations (2) Arrow
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)... regarding the Company's achievement of its goals and your own successful performance of your duties through the end of the applicable year. View More Arrow
Bonus. Compensation for this position also includes participation in the Company's bonus plan with plan, which is discretionary and has an annual target bonus of 30% 40% 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) regarding the Company's achievement of its goals and your own successful performance of your duties through the end of the applicable year. View More Arrow
Bonus. Compensation for this position also includes participation in the Company's bonus plan (which is yet to be adopted by the Board) with an annual target bonus of 30% 25% 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) regarding the Company's achievement of its goals and your own successful performance of your duties through the end of the applicable year. View More Arrow
View Variations (2) Arrow
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... bonus earned by you for a calendar year will be paid no later than March 15th of the following year. View More Arrow
Bonus. You will be eligible to receive an annual performance-based cash bonus of up to 20% of your base salary $50,000 (your "Target Incentive Opportunity") based upon achievement of targeted, agreed-upon goals, both Company-wide and individual. Your actual annual performance-based cash 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 bonus earned by you for a calendar year will be paid or settled no later than March 15th of the following year. View More Arrow
View Variations (2) Arrow
Bonus. You will be eligible to earn an annual performance bonus based on achievement of Company performance objectives to be established by the Board or its compensation committee and provided to you. Your annual target performance bonus will initially be equal to 30% of your base salary, although the amount of any payment will be dependent upon actual performance as determined by the Board or its compensation committee. The bonus system with yearly goals will be initiated at the end of 2021 for the... following years benefit plan. Generally, you must be employed by the Company through the date on which bonuses are paid in order to be eligible to receive a bonus. Your annual target performance bonus, if any, shall be paid to you on or before March 15 of the year following the year to which it relates. Your annual target performance bonus percentage is subject to modification from time to time in the discretion of the Board or its compensation committee. View More Arrow
Bonus. You will be eligible to earn an annual performance bonus based on achievement of Company performance objectives to be established by the Board or its compensation committee and provided to you. Your annual target performance bonus will initially be equal to 30% of your base salary, although the amount of any payment will be dependent upon actual performance as determined by the Board or its compensation committee. The For the Year 2021 your cash bonus system with yearly goals will be initiated... at based on your total salary paid if no Trigger occurs, or the end of full $320,000 base salary if a Trigger occurs within any time in 2021. for the following years benefit plan. Generally, you must be employed by the Company through the date on which bonuses are paid in order to be eligible to receive a bonus. Your annual target performance bonus, if any, shall be paid to you on or before March 15 of the year following the year to which it relates. Your annual target performance bonus percentage is subject to modification from time to time in the discretion of the Board or its compensation committee. View More Arrow
Bonus. You will be eligible to earn an annual performance bonus based on achievement of Company performance objectives to be established by the Board or its compensation committee and provided to you. Your annual target performance bonus will initially be equal to 30% of your base salary, although the amount of any payment will be dependent upon actual performance as determined by the Board or its compensation committee. The bonus system with yearly goals will be initiated at the end of 2021 for the... following years benefit plan. Generally, you You must be employed by the Company through the date on last day of the fiscal year for which bonuses are paid in order to be eligible to receive a bonus. Your annual target performance bonus, if any, shall be paid to you on or before March 15 of the year following the year to which it relates. Your annual target performance bonus percentage is subject to modification from time to time in the discretion of the Board or its compensation committee. View More Arrow
View Variations (2) Arrow