Compensation Contract Clauses (7,502)

Compensation. (a)Salary. The Executive's base salary is $850,000, which base salary shall be effective as of the Effective Date and shall be payable in accordance with the Bank's normal payroll schedule. The Human Resources & Compensation Committee of the Board (the "HR&C Committee") shall review the performance of the Executive at least annually. Following its review for the 2021 calendar year, the HR&C Committee may recommend that the Board increase the Executive's base salary. (b) Incentive Plans. (i)The E...xecutive is currently a participant in the Bank's President and Executive Team Incentive Compensation Plan effective January 1, 2017 (the "Incentive Plan") and may participate in any successor plans, however titled, which apply to the Bank's President and CEO. (ii)The Executive shall be entitled to receive all applicable incentive awards under the Incentive Plan, or any successor plan, as applicable, with respect to each fiscal year during the Term of the Agreement if he attains the performance objectives to be mutually agreed upon by the Board and the Executive for each such fiscal year for such plan. Such incentive awards, if any, for a given year shall be paid in accordance with the terms of the respective plan or as otherwise required to comply with the short-term deferral rules of Section 409A of the Internal Revenue Code of 1986, as amended (the "Code"). View More

Compensation. As compensation for the services provided herein, the Company shall pay to Director an amount equal to Fifteen Thousand and no/100 dollars ($15,000.00), paid to the Director in four (4) equal installments on the last calendar day of each quarter as long as Director continues to fulfill his duties and provide the services set forth above. In addition to cash compensation, the Director shall be issued a certificate in the amount of Fifteen Thousand (15,000) shares of the Company's common stock on ...the last calendar day of each quarter as long as Director continues to fulfill his duties and provide the services set forth above. The Director shall begin receiving compensation for services rendered under this Agreement beginning during the third (3rd) calendar quarter of 2020. View More

Compensation. In consideration of Consultant's entering into this Agreement, the "Client" has agreed to pay the Consultant the following compensation: i. The "Client" has agreed to pay the Consultant $3,700 (three thousand and seven hundred US dollars) at the day when the services have been fully delivered to the "Client".

Compensation. The Company will pay you a starting base salary of $275,000 per year, payable in accordance with the Company's standard payroll schedule. This salary will be subject to adjustment pursuant to the Company's employee compensation policies and procedures in effect from time to time. If you voluntarily leave the Company before the one-year anniversary of your start date, you agree to repay the Company the full net amount of the signing bonus within 30 days of your separation date.

Compensation. 3.1 Base Salary. During the Employment Term, the Employee will be entitled to receive a minimum base salary ("Base Salary") at an annual rate of $290,000 for services rendered to the Company and any of its direct or indirect subsidiaries, payable in accordance with the Company's regular payroll practices. The Employee's Base Salary will be reviewed annually by the Board and may be adjusted upward in the Board's sole discretion, but not downward. 3.2 Annual Bonus Compensation. For each calendar y...ear during the Employment Term, beginning in 2021, the Employee will be eligible to participate in an annual incentive compensation plan of the Company, as established by the Board from time to time. The Employee's target annual bonus under this Agreement will be equal to a percentage of his Base Salary established by the Board annually (the "Target Bonus"), to be in effect at the beginning of the applicable calendar year. Employee's actual annual bonus will be determined based upon the achievement of certain financial and/or performance goals established by the Board and consideration of such other factors the Board may deem relevant in its sole discretion from time to time (collectively, the "Employee Bonus Plan"). The actual percentage of the Employee's Base Salary that the Board, in its sole discretion, may award the Employee under any Employee Bonus Plan is referred to herein as the Employee's "Bonus Level Percentage." The Bonus Level Percentage that Employee may be eligible for under any Employee Bonus plan may be adjusted upward or downward from time to time in the sole discretion of the Board, or replaced by another or Employee Bonus Plan. The amount actually paid to the Employee through application of the Bonus Level Percentage in any given year is the Employee's "Annual Bonus." Except as otherwise provided in Section 6, (i) the Annual Bonus will be subject to the terms of the Employee Bonus Plan under which it is granted and (ii) in order to be eligible to receive an Annual Bonus, the Employee must achieve the financial and/or performance goals established under the applicable Employee Bonus Plan and be employed by the Company on the day that Annual Bonuses are paid. 3.3 Long-Term Incentive Compensation. With respect to each calendar year of the Company ending during the Employment Term beginning in 2021, the Employee shall be eligible to receive annual long-term equity incentive awards under the Company's 2013 Long-Term Incentive Plan (the "Plan") or any successor plan, with a target value equal to a percentage of Base Salary, determined by the Board (based on the grant date value of any such award), based on the achievement of performance goals established by the Board in its sole discretion under any incentive compensation plan or arrangement as may be established by the Board from time to time (collectively, the "Employee Long-Term Incentive Plan"). Each such award shall contain vesting and other terms in the sole discretion of the Board. All other terms and conditions applicable to each such award shall be determined by the Board and shall be no less favorable than those that apply to other employee's of the Company. Under the Employee Long-Term Incentive Plan, the Board may, in its discretion, set, in advance, an annual target value percentage of the Employee's Base Salary for the Employee. The percentage of the Employee's Base Salary that the Board designates for the Employee to receive under any Employee Long-Term Incentive Plan, as such percentage may be adjusted upward or downward from time to time in the sole discretion of the Board. 3.4 Sign-On Incentive Compensation. Notwithstanding the provisions of Section 3.2 and Section 3.3 above, the Employee shall receive as bonus consideration for the remainder of 2020, an amount equal to $7,855 per month and shall receive a sign-on equity grant of 200,000 shares of Ring restricted stock awarded on the Employee's first day of employment ("Award Date"), and the restricted stock shall have a three (3) year vesting period, such vesting period to begin on the Award Date and shall be subject to the terms and conditions of the award agreements pursuant to which they are granted. View More

Compensation. 3.1. Consulting Fees. Your consulting fee will be at the monthly rate of $31,666.66 per month (annualized to $380,000.00), less all applicable taxes and withholdings, to be paid in installments, in accordance with the Company's regular payroll practices. Such base consulting fee may be adjusted from time to time in accordance with normal business practice and in the sole discretion of the Company. 3.2. Bonus. Following the end of each fiscal year and subject to the approval of the Company's Boar...d of Directors, you will be eligible for a retention and performance bonus of up to 30% of your annualized base consulting fee, based on your individual performance and the Company's performance during the applicable fiscal year, as determined by the Board in accordance with certain milestones to be mutually agreed upon between you and the Board each year. You must be an active consultant of the Company on the date any bonus is distributed in order to be eligible for and to earn a bonus award, as it also serves as an incentive to remain engaged by the Company. 3.3. Equity. Subject to the approval of the Board of Directors, the Company will grant you incentive units (the "Units") under the Cullinan Oncology LLC (the "LLC") Profits Interest Plan (the "Plan") equating to an ownership interest entitling you to 1.5% of the distributions made by the LLC with respect to the Common Units of the LLC in excess of the strike 1 price associated with your Units, up to an aggregate initial seed and Series A equity investment of $150-200MM. The strike price of each Unit will be determined by the LLC's Board of Directors on the date such Units are granted and shall be equal to the amount that would be distributed in respect of a Common Unit of the LLC in a hypothetical liquidation of the LLC on the date of issuance of such Unit. The Units will be evidenced in writing by, and subject to the terms of the Plan and a Unit Grant Agreement provided by the LLC, which agreement will specify monthly vesting over four (4) years with a one (1) year cliff. View More

Compensation. The Company will pay you a starting salary at the rate of $210,000 per year, payable in accordance with the Company's standard payroll schedule and subject to applicable deductions and withholdings. This salary will be subject to periodic review and adjustments at the Company's discretion. As an incentive, it is currently anticipated that you will receive stock options to purchase 357,000 of the company's common stock according to the vesting schedule, terms and conditions of the company's stock... option plan and subject to approval of the Company's Board of Directors. In addition, you will also be eligible for a one-time bonus of $15,000 payable to you three months after you start with the company based on the review of your performance. View More

Compensation. (a) Meetings. The Director shall be re-imbursed for all expenses related to attending any Board meeting personally attended, and will be paid a fee for any virtual meetings. (b) Stock Options. The Director shall be issued up to 250,000 options to purchase shares (the "Shares") of common stock of the Company (the "Options"), pursuant to the Company's 2020 Equity Incentive Plan. The Shares will be restricted as per the rules of Rule 144 of the Securities Act of 1934, as amended, until such time as... an exemption from registration is available, or if the Shares are issued pursuant to an effective registration statement on Form S-8. -1- (c) Benefits. During the Contract Period, the Director shall not receive or be eligible to participate in the Company's benefit programs in effect for the employees of the Company as in effect from time to time, on and after the Effective Date. (d) Expenses. The Company shall reimburse the Director for all reasonable business travel expenses previously authorized in writing by the Company and reasonably and necessarily incurred by the Director in the performance of his duties, responsibilities, and authorities hereunder. View More

Compensation. 2.1. Fees. Decibel shall pay Consultant a fee for the Services at the rate specified in Schedule A to this Agreement. Decibel shall pay the applicable fee within thirty (30) days of its receipt of invoices detailing the Services performed and, if applicable, the time spent performing them, provided that Consultant has delivered to Decibel all reports or other materials related to the Services. Consultant shall keep reasonably detailed records of all hours worked on Decibel's behalf under this Ag...reement, and shall make those records available to Decibel upon Decibel's reasonable request. Each party represents that, to the best of its knowledge, the fee set forth in Schedule A constitutes fair market value for the Services. Consultant shall invoice Decibel to the attention of Accounts Payable for Services rendered hereunder. 2.2. Expenses. Decibel shall reimburse Consultant for all pre-approved, reasonable and necessary travel, lodging, and meal expenses required and incurred in performing the Services. These expenses will be reviewed and reimbursed pursuant to Decibel's corporate policies for such expenses (that require, among other things, the submission of receipts or other verification). Decibel may provide modest meals to Consultant in the course of Consultant's performance of the Services. View More

Compensation. In consideration of the Services to be performed by the Independent Contractor under this Agreement, the Company will pay the Independent Contractor the flat rate of $600 per hour, but not to exceed a maximum under this Agreement of $35,000, for time spent on mutually accepted Services. The Independent Contractor shall submit written, signed reports of the time spent performing Services, itemizing in reasonable detail the dates on which Services were performed, the number of hours spent on such ...dates and a brief description of the Services rendered. The Company shall pay the Independent Contractor the amounts due on a monthly basis pursuant to submitted reports, within 30 days of receipt thereof. Independent Contractor will also be entitled to continued vesting through July 23, 2021 of any outstanding unvested stock options held by the Independent Contractor as of April 23, 2021 and the right to exercise any vested stock options (after giving effect to the foregoing continued vesting) held by the Independent Contractor as of July 23, 2021 shall be extended until April 23, 2022, subject in all events to earlier termination in connection with a corporate transaction or event in accordance with the terms of such stock options. View More