Compensation and Benefits Clause Example with 6 Variations from Business Contracts

This page contains Compensation and Benefits 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.
Compensation and Benefits. (a) Base Salary: Your annual base salary will be Three Hundred Thousand Dollars ($300,000), payable in accordance with the Company’s normal payroll practices (as such may be adjusted from time to time, the “Base Salary”), less any payroll deductions and withholdings as are required by law. (b) Target Bonus: You will be eligible to receive an annual cash bonus, with a target amount equal to 30% of your Base Salary (the “Target Bonus” and the actual amount awarded, the “Actual Bonus”), based upon ...the achievement of both individual and Company performance objectives established in writing by the Board and subject to the terms of the applicable bonus plan(s). To receive payment of any Actual Bonus, you must be employed by the Company on the last day of such fiscal year to which such bonus relates. Your Actual Bonus will be paid by the fifteenth day of the third month following your or the Company’s taxable year in which it is earned, whichever is later. You shall be entitled to participate in all employee retirement, welfare, benefit and vacation policies and programs of the Company as are in effect from time to time and in which other senior management employees of the Company are eligible to participate, on the same terms as such other senior management employees. View More
Found in Stoke Therapeutics, Inc. contract

Variations of a "Compensation and Benefits" Clause from Business Contracts

Compensation and Benefits. (a) Base Salary: Your annual base salary will be Three Hundred Thousand Dollars ($300,000), $475,000, payable in accordance with the Company’s normal payroll practices (as such may be adjusted from time to time, the “Base Salary”), less any payroll deductions and withholdings as are required by law. (b) Target Bonus: You During the Employment Term you will be eligible to receive an annual cash bonus, with a target amount equal to 30% 40% of your Base Salary (the “Target Bonus” and the actual amo...unt awarded, the “Actual Bonus”), based upon the achievement of both individual and Company performance objectives established in writing by the Board and subject to the terms of the applicable bonus plan(s). To receive payment of any Actual Bonus, you must be employed by the Company on the last day of such fiscal year to which such bonus relates. relates and at the time bonuses are paid. Your Actual Bonus will be paid by the fifteenth day of the third month following your or the Company’s taxable year in which it is earned, whichever is later. You shall be entitled to participate in all employee retirement, welfare, welfare and benefit and vacation policies and programs of the Company as are in effect from time to time and in which other senior management employees of the Company are eligible to participate, on the same terms as such other senior management employees. View More
Found in GRAYBUG VISION, INC. contract
Compensation and Benefits. (a) Base Salary: Your As set forth above, your annual base salary will be Three Hundred Thousand Dollars ($300,000), $600,000 per year, payable in accordance with the Company’s normal payroll practices (as such may be adjusted increased from time to time, the “Base Salary”), less any payroll deductions and withholdings as are required by law. (b) Target Bonus: You Salary”). During the Term you will be eligible to receive an annual cash bonus, with a target amount equal to 30% fifty (50%) percent... of your Base Salary (the “Target Bonus” and the actual amount awarded, the “Actual Bonus”), based upon the achievement of both individual and Company performance objectives established in writing by the Board and subject to the terms of the applicable bonus plan(s). The Actual Bonus will be pro-rated for your partial calendar year of employment during 2016, based on your Employment Date. To receive payment of any Actual Bonus, you must be employed by the Company on the last day of such fiscal year to which such bonus relates. Your Actual Bonus will be paid by relates and at the fifteenth day of the third month following your or the Company’s taxable year in which it is earned, whichever is later. time bonuses are paid. You shall be entitled to participate in all employee retirement, welfare, welfare and benefit and vacation policies and programs of the Company as are in effect from time to time and in which other senior management employees of the Company are eligible to participate, on the same terms as such other senior management employees. You shall be entitled to paid vacation in accordance with the Company’s policy. View More
Found in Cascadian Therapeutics, Inc. contract
Compensation and Benefits. (a) Base Salary: Your annual base salary will be Three Hundred Three-Hundred Thousand Dollars ($300,000), payable in accordance with the Company’s normal payroll practices (as such may be adjusted increased from time to time, the “Base Salary”), less any payroll deductions and withholdings as are required by law. (b) Target Bonus: You will be eligible to receive an annual cash bonus, with a target amount equal to 30% 35% of your Base Salary (the “Target Bonus” and the actual amount awarded, the ...“Actual Bonus”), based upon the achievement of both individual and Company performance objectives established in writing by the Board and subject to the terms of the applicable bonus plan(s). To receive payment of any Actual Bonus, you must be employed by the Company on the last day of such fiscal year to which such bonus relates. relates and at the time bonuses are paid. Your Actual Bonus will be paid by the fifteenth day of the third month following your or the Company’s taxable year in which it is earned, whichever is later. You shall be entitled to participate in all employee retirement, welfare, benefit and vacation policies and programs of the Company as are in effect from time to time and in which other senior management employees of the Company are eligible to participate, on the same terms as such other senior management employees. View More
Found in Stoke Therapeutics, Inc. contract
Compensation and Benefits. (a) Base Salary: Your annual base salary will be Three Four Hundred Fifty Thousand Dollars ($300,000), ($450,000), payable in accordance with the Company’s normal payroll practices (as such may be adjusted from time to time, the “Base Salary”), less any payroll deductions and withholdings as are required by law. (b) Target Bonus: You will be eligible to receive an annual cash bonus, with a target amount equal to 30% 40% of your Base Salary (the “Target Bonus” and the actual amount awarded, the “...Actual Bonus”), based upon the achievement of both individual and Company performance objectives established in writing by the Board and subject to the terms of the applicable bonus plan(s). To receive payment of any Actual Bonus, you must be employed by the Company on the last day of such fiscal year to which such bonus relates. Your Actual Bonus will be paid by the fifteenth day of the third month following your or the Company’s taxable year in which it is earned, whichever is later. You shall be entitled to participate in all employee retirement, welfare, benefit and vacation policies and programs of the Company as are in effect from time to time and in which other senior management employees of the Company are eligible to participate, on the same terms as such other senior management employees. View More
Found in Stoke Therapeutics, Inc. contract
Compensation and Benefits. (a) Base Salary: Your annual base salary will be Three Hundred Seventy Thousand Dollars ($300,000), ($370,000), payable in accordance with the Company’s normal payroll practices (as such may be adjusted from time to time, the “Base Salary”), less any payroll deductions and withholdings as are required by law. (b) Target Bonus: You will be eligible to receive an annual cash bonus, with a target amount equal to 30% 35% of your Base Salary (the “Target Bonus” and the actual amount awarded, the “Act...ual Bonus”), based upon the achievement of both individual and Company performance objectives established in writing by the Board and subject to the terms of the applicable bonus plan(s). To receive payment of any Actual Bonus, you must be employed by the Company on the last day of such fiscal year to which such bonus relates. Your Actual Bonus will be paid by the fifteenth day of the third month following your or the Company’s taxable year in which it is earned, whichever is later. You shall be entitled to participate in all employee retirement, welfare, benefit and vacation policies and programs of the Company as are in effect from time to time and in which other senior management employees of the Company are eligible to participate, on the same terms as such other senior management employees. View More
Found in Stoke Therapeutics, Inc. contract
Compensation and Benefits. (a) Base Salary: Your annual base salary will be Three Hundred Fifty Thousand Dollars ($300,000), ($350,000), payable in accordance with the Company’s normal payroll practices (as such may be adjusted from time to time, the “Base Salary”), less any payroll deductions and withholdings as are required by law. (b) Target Bonus: You will be eligible to receive an annual cash bonus, with a target amount equal to 30% of your Base Salary (the “Target Bonus” and the actual amount awarded, the “Actual Bo...nus”), based upon the achievement of both individual and Company performance objectives established in writing by the Board and subject to the terms of the applicable bonus plan(s). To receive payment of any Actual Bonus, you must be employed by the Company on the last day of such fiscal year to which such bonus relates. Your Actual Bonus will be paid by the fifteenth day of the third month following your or the Company’s taxable year in which it is earned, whichever is later. (c) Retention Bonus: You will be eligible to receive a retention bonus in the gross amount of Sixty-Five Thousand Dollars ($65,000), less applicable payroll tax withholdings. This retention bonus will be paid, if at all, in two equal lump sum installment payments as follows: (i) Thirty-Two Thousand Five Hundred Dollars ($32,500) to be paid upon commencement of full-time employment, and (ii) Thirty-Two Thousand Five Hundred Dollars ($32,500) to be paid if you remain consistently employed in good standing with the Company until the one-year anniversary of the Employment Date (the “Retention Bonus”). Each Retention Bonus payment will be paid, if at all, on the first Company pay date following the date on which such payment is earned. You shall be entitled to participate in all employee retirement, welfare, benefit and vacation policies and programs of the Company as are in effect from time to time and in which other senior management employees of the Company are eligible to participate, on the same terms as such other senior management employees. View More
Found in Stoke Therapeutics, Inc. contract