Compensation Contract Clauses (7,502)

Compensation. If you decide to join us, your initial salary will be $300,000 per year, less applicable withholdings, paid in accordance with Company's normal payroll practices. Future adjustments in compensation, if any, will be made by Company in its sole and absolute discretion. This position is an exempt position, which means you are paid for the job and not by the hour. Accordingly, you will not receive overtime pay if you work more than 8 hours in a work day or 40 hours in a workweek. A bonus plan will p...rovide you the opportunity to earn an annual bonus of as much as 25% of your annual salary, depending upon your and the Company's performance. View More

Compensation. (a) Commencing on the Effective Date, and upon each anniversary thereof that you remain a director, you shall receive cash compensation of $48,000, inclusive of stipends for committee leadership and/or assignments (the "Annual Director Fee") for each calendar year of service under this Agreement on a pro-rated basis which shall be paid on a quarterly basis in arrears. Notwithstanding the foregoing to the contrary, all compensation is subject to approval and/or change as deemed appropriate by the... Board. (b) In addition to the Annual Director Fee set forth in Section 4(a), you shall be entitled to receive bonus(es) as determined by the Board and its Compensation Committee and to participate in any other compensation plans adopted by the Board for which you are eligible. (c) Equity Awards. You shall be eligible for such grants of awards under stock option or other equity incentive programs of the Corporation including, but not limited to, plans adopted by the Board and approved by the Corporation's stockholders (or any successor or replacement plan adopted by the Board and approved by the Corporation's stockholders) (the "Plan") as the Compensation Committee of the Corporation 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. (d) The Corporation shall pay or reimburse you for all reasonable, pre-approved out-of-pocket expenses actually incurred or paid by the Employee in the course of his/her service, including travel expenses for in-person meetings) consistent with the Corporation's policy for reimbursement of expenses which may be modified from time to time without notice. View More

Compensation. Your starting salary will be $250,000 per year (less withholding and applicable deductions). Your performance and salary will be subject to review on an annual basis. We will also provide you with a car service to and from your home on a daily basis. The salary will be payable in semi-monthly installments on the Company's regular paydays and any compensation under this letter shall be subject to applicable withholdings and deductions. (b) Benefits. As an employee of the Company, you will be elig...ible for company benefits (e.g., health insurance, 401(k), paid time off, etc.) in accordance with our policies for similarly-situated employees (which policies are subject to change from time to time). (c) Vacation. You will be entitled to 15 days of paid vacation per year, accruing on a per paycheck basis according to the Company's policy, subject to the accruing maximum of 260 hours of unused vacation at any time during your employment with the Company. Such vacation accrual shall be considered wages, which accrue as it is earned, and cannot be forfeited, even upon termination of employment, regardless of the reason for the termination. Upon termination of employment, all earned and unused vacation will be paid to you at your final rate of pay. View More

Compensation. In consideration of the execution of the Agreement, and the performance of his obligations hereunder, and in lieu of cash compensation, the Chairman shall receive a fee of Thirty Thousand Dollars US ($30,000.00) per year for five (5) years of services rendered, payable in new common S3, S8, or restricted shares (dependent upon registration availability), cash or combination of cash and shares of Gold Rock Holdings, Inc. (hereinafter, the "Shares"). As per agreement between the Company and Sole O...fficer / Sole Director, the compensation for services for year one of this contract to be issued in full within 30-days after the year-one of the agreement. If shares are used for compensation, issuance to be based on GRHI's closing stock price within 30-days after the yearly anniversary date of the agreement as follows: January 31, 2018 ($30,000), 2019 ($30,000), 2020 ($30,000), 2021 ($30,000) and 2022 ($30,000). Sole Officer / Sole Director agrees to pay certain reasonable cash expenses for the Company, as warranted, not to exceed Twenty Thousand Dollars US ($20,000.00) in any given year, and these payments made by Sole Officer / Sole Director on behalf of GRHI shall be in addition to the above compensation calculation and paid with 144 - restricted or S-8 shares within 30-days of receipts justifying payment(s). View More

Compensation. (a) Base Salary. In consideration for your services rendered to Yumanity, your base salary will be $350,000 per year, payable in accordance with Yumanity's standard payroll schedule and subject to applicable deductions and withholdings. This position is exempt under the Fair Labor Standards Act, meaning that you are not entitled to overtime pay. (b) Bonus. During the term of your employment with Yumanity, you will be considered for an annual incentive bonus (the "Annual Bonus") with respect to e...ach fiscal year of your employment with Yumanity, the amount, terms and conditions of such Annual Bonus (if any) to be determined at the discretion of the Board of Directors (the "Board") of Yumanity or a committee thereof. Your target Annual Bonus will be up to 40% of your base salary. The actual Annual Bonus percentage is discretionary and will be subject to Yumanity's assessment of your performance, as well as business conditions at Yumanity. The Annual Bonus also will be subject to your employment for the full period covered by the Annual Bonus, with any Annual Bonus earned in 2021 prorated from the Commencement Date, and approval by and adjustment at the discretion of the Board or a committee thereof and the terms of any applicable bonus plan. The Annual Bonus, if any, will be paid between January 1st and March 15th of the calendar year following the calendar year for which such Annual Bonus was earned. The payment of any Annual Bonus will be contingent upon you being employed by Yumanity as of the payment date of such Annual Bonus. Yumanity also may make adjustments in the targeted amount of your Annual Bonus. (c) Stock Option Grant. You will be eligible to participate in the Company's equity incentive plan, subject to approval by the Board or Compensation Committee. As a material inducement to becoming an employee of the Company, and subject to approval by the Board or Compensation Committee, the Company will grant you an option to purchase 58,400 shares of the Company's common stock ("New Hire Award"). The New Hire Award shall vest over four years, with twenty-five percent of the New Hire Award vesting on the one-year anniversary of your start date and the remaining shares vesting in thirty-six equal monthly installments following the one-year anniversary of your start date, subject to your continued employment with the Company. The New Hire Award shall be granted in the form of a non-qualified stock option as an inducement grant consistent with the requirements of Nasdaq Stock Market Rule 5635(c)(4) instead of pursuant to the Company's existing equity plan. The New Hire Award will be governed by the terms and conditions of an award agreement. (d) Retention Bonus. Yumanity will pay you a retention bonus in the amount of $88,000, minus applicable deductions and withholdings (the "Retention Bonus"). One quarter of the Retention Bonus (i.e., $22,000) will be paid on the first payroll date following the 6 ,12, 18, and 24 month anniversary of the Commencement Date. You must be employed by Yumanity on the payment date of such Retention Bonus payments in order to be eligible for such Retention Bonus payment. (e) Periodic Review and Adjustments. Notwithstanding the foregoing, all of your compensation terms will be subject to periodic review and may be modified by Yumanity from time to time in its discretion. View More

Compensation. The Employee will receive all compensation, wages, bonuses, commissions, vacation, earned unused PTO, and/or benefits Employee earned through October 19, 2021, to be paid on the normal payroll date at his regular prorated salary rate, subject to ~ 3 ~ applicable taxes and withholdings. Employee acknowledges and agrees that he is not entitled to any bonuses whether in cash or equity for any prior year and Employee is not entitled to any additional options to acquire stock of vTv.

Compensation. FibroGen will pay you a starting annual salary of $470,000, payable in semi-monthly installments on our regular paydays in accordance with FibroGen's standard payroll policies. Your salary will begin as of the Effective Date. The position is classified as exempt and therefore not eligible for overtime pay. The first and last payment by FibroGen to you will be adjusted, if necessary, to reflect a commencement or termination date other than the first or last working day of a pay period.

Compensation. For all services to be rendered by Director hereunder, and so long as Director remains a Director of the Company, the Company shall, during the Term, pay to Director the compensation and reimbursement of expenses as set forth in this Section 3. (a) Director shall be paid the sum of $50,000 annually for Director's service as a director of the Company, to be paid $12,500 each calendar quarter, payable within 5 business days of the end of each calendar quarter, and with such amount for any partial ...calendar quarter being appropriately prorated. (b) Director shall be paid the following compensation for service on committees of the Board: (i) For as long as the Director serves as a member of the Compensation Committee, the Director shall be paid the sum of $7,500 annually for such service, to be paid $1,875 each calendar quarter, payable within 5 business days of the end of each calendar quarter, and with such amount for any partial calendar quarter being appropriately prorated. (ii) For as long as the Director serves as the Chairman of the Compensation Committee, the Director shall be paid an additional sum of $7,500 annually for such service, to be paid $1,875 each calendar quarter, payable within 5 business days of the end of each calendar quarter, and with such amount for any partial calendar quarter being appropriately prorated. (iii) For as long as the Director serves as a member of the Audit Committee, the Director shall be paid the sum of $7,500 annually for such service, to be paid $1,875 each calendar quarter, payable within 5 business days of the end of each calendar quarter, and with such amount for any partial calendar quarter being appropriately prorated. (iv) For as long as the Director serves as the Chairman of the Audit Committee, the Director shall be paid an additional sum of $7,500 annually for such service, to be paid $1,875 each calendar quarter, payable within 5 business days of the end of each calendar quarter, and with such amount for any partial calendar quarter being appropriately prorated. 3 (v) For as long as the Director serves as a member of the Nominating Committee, the Director shall be paid the sum of $5,000 annually for such service, to be paid $1,250 each calendar quarter, payable within 5 business days of the end of each calendar quarter, and with such amount for any partial calendar quarter being appropriately prorated. (vi) For as long as the Director serves as the Chairman of the Nominating Committee, the Director shall be paid an additional sum of $5,000 annually for such service, to be paid $1,250 each calendar quarter, payable within 5 business days of the end of each calendar quarter, and with such amount for any partial calendar quarter being appropriately prorated. (c) During the Term, Company shall reimburse Director for all reasonable out-of-pocket expenses incurred by Director in attending any in-person meetings, provided that Director complies with the generally applicable policies, practices and procedures of the Company for submission of expense reports, receipts or similar documentation of such expenses. Any reimbursements for allocated expenses (as compared to out-of-pocket expenses of the Director in excess of $500.00) must be approved in advance by the Company. View More

Compensation. As sole compensation for the performance of the Services, Company will pay to Consultant the amounts and on the schedule specified in EXHIBIT A. Consultant will be reimbursed for expenses as specified in EXHIBIT A.

Compensation. (a)Your base salary will be $17,708.34 (seventeen thousand seven hundred eight dollars and thirty four cents) per pay period (currently twice per month), which is $425,000.00 (four hundred twenty five thousand dollars) on an annualized basis and will be payable in accordance with the Company's standard payroll procedures. Your base salary will be eligible for potential discretionary merit increases, in the discretion of the compensation committee (the "Compensation Committee") of the Board of Di...rectors of the Company Exhibit 10.6(b)You will be eligible in January 2022 for a pro-rated annual discretionary performance bonus with a target of 40% (forty percent) of your annual base salary, subject to the achievement of performance goals determined by the Compensation Committee. The amount, terms and conditions of any annual bonus will be determined by the Compensation Committee in its discretion, subject to the terms and conditions of any applicable bonus plan in effect from time to time. (c)Subject to approval by the Company's Compensation Committee following your employment start date, the Company will grant to you an option to purchase 112,500 (one hundred and twelve thousand, five hundred shares of the Company's common stock, which option will vest (i.e., become exercisable) as to 25% of the shares on the first anniversary of your start date and the remainder of which shall vest at a rate of 6.25% quarterly over next three years, in each case, subject to your continued employment with the Company. The option exercise price will be equal to the fair market value of a share of the Company's common stock on the date of grant of the option as determined by the Company's Board of Directors (or its Compensation Committee). The option will be issued pursuant to the Mersana Therapeutics, Inc., 2017 Stock Incentive Plan (the "Plan") and will be subject to all of the terms and conditions set forth in the Plan and the option agreement governing the option. These documents will be provided to you at the time the stock option is granted to you. In the event of any conflict between this letter and the Plan or the stock option agreement, the Plan and the stock option agreement will control. (d)Subject to approval by the Company's Compensation Committee following your employment start date, the Company will grant to you 25,000 (twenty-five-thousand) restricted stock units ("RSUs"), which will vest (i.e., become exercisable) as to 25% on the first anniversary of your start date and the remainder of which shall vest 25% annually on the anniversary of your start date over next three years, in each case, subject to your continued employment with the Company. This grant will be issued pursuant to the Mersana Therapeutics, Inc., 2017 Stock Incentive Plan (the "Plan") and will be subject to all of the terms and conditions set forth in the Plan and the restricted stock unit agreement governing the RSUs. These documents will be provided to you at the time the RSUs are granted to you. In the event of any conflict between this letter and the Plan or the restricted stock unit agreement, the Plan and the restricted stock unit agreement will control. View More