Performance Bonuses Contract Clauses (55)

Performance Bonuses. Executive will be eligible to receive an annual end of fiscal year bonus (the "Performance Bonus") with a target equal to one hundred fifty percent (150%) of the Executive's Base Salary. Actual bonus payments may vary (above or below target) based on the overall performance of the Company, including Company performance metrics to be determined by the Board or Compensation Committee, the successful completion of the Executive's personal performance goals and objectives and the discretion of the B...oard or Compensation Committee. Payment of any amount is conditioned upon your employment with the Company on the scheduled payroll date when bonus payments are issued. Any Performance Bonus shall be paid in accordance with the terms of the Company's bonus plan, but in any event within the period required by Section 409A of the Internal Revenue Code of 1986, as amended (the "Code") such that it qualifies as a "short-term deferral" pursuant to Treasury Regulation Section 1.409A-1(b)(4). View More

Performance Bonuses. Section 2.2 of the Agreement is deleted and replaced in its entirety as follows: 2.2 Performance Bonus. The Company will pay to the Executive a bonus (the "Performance Bonus") equal to five and four-tenths percent (5.4%) of the gross revenue received by the Company from a strategic transaction, such as but not limited to a merger, sale of the Company's outstanding capital stock, sale of all or substantially all of the Company's assets or licensing of one or more Company assets. In the event of a...ny such transaction(s), the Company will pay to the Executive 5.4% of the consideration received from each such transaction by the Company, at such time and in such form as paid to the Company or its shareholders. The Performance Bonus will be paid subject to applicable federal and state payroll withholding requirements. Additionally, in the event that the Performance Bonus is less than fifty percent (50%) of the Executive's Base Salary in the year paid, the Board in its discretion may increase the Performance Bonus so that it equals fifty percent (50%) of the Executive's Base Salary. The obligation of the Company to pay the Performance Bonus shall survive any termination of the Executive's employment by the Company without Cause or by the Executive for Good Reason. View More

Performance Bonuses. You will be eligible to receive a discretionary annual performance bonus ("Annual Bonus") currently targeted at 40% of your annual base salary but which will be granted in the sole discretion of the Board based upon its evaluation of the Company's and your achievement of such specific performance goals as established by the Board. Your Annual Bonus for 2018, if any, will be pro-rated based on your time at the Company in 2018. You must be an employee of the Company on the date upon which any annu...al bonus is paid to be eligible for such bonus. View More

Performance Bonuses. You will be eligible to earn an annual incentive bonus equal to $500,000. Whether you receive such a bonus, and the amount of any such bonus, shall be determined by the Board in its sole discretion, and shall be based upon achievement of performance objectives to be mutually agreed upon between you and the Board (or duly authorized committee thereof) and other criteria to be determined by the Board. Any bonus shall be paid within thirty (30) days after the Board's determination that a bonus shal...l be awarded but no later than seventy-five (75) days after the Company's fiscal year end. You must be employed on the day that your bonus (if any) is paid in order to earn the bonus. Therefore, if your employment is terminated either by you or the Company for any reason prior to the bonus being paid, you will not have earned the bonus and no partial or prorated bonus will be paid. View More

Performance Bonuses. Each calendar year, you will be eligible to earn an annual incentive bonus of up to fifty percent (50%) of your annual Base Salary (the "Performance Bonus"). Whether you receive such a Performance Bonus, and the amount of any such Performance Bonus, will be determined by recommendations from the Compensation Committee and approval from the GI Dynamics, Inc. ● 320 Congress St ● Boston, Massachusetts ● 02210 Board, and will be based upon achievement of performance objectives to be provided to you ...by the Compensation Committee following initial recommendation of proposed objectives to you, discussion of such objectives with you, and consideration of your input regarding such objectives. The amount, if any, of such earned Performance Bonus will be paid to you within forty-five (45) days following the close of the calendar year to which it relates, and in no event later than March 15th of the calendar year immediately following the calendar year in which it was earned. You must be employed on the last day of the calendar year to which it relates in order to earn any Performance Bonus. View More