Base Salary and Annual Bonus. Your current annual base salary is $300,000, less standard payroll deductions and tax withholdings, paid on the Companys normal payroll schedule. You will be eligible to participate in the Companys annual bonus program in accordance with its terms, with the target bonus of $150,000 and performance metrics to be established by the board of directors of the Company (the Board) or the compensation committee of the Board (the Committee) in its sole discretion. Your compensation will be subject to periodic review in accordance with Company practices.
Base Salary and Bonus. Your base salary will be at the rate of $9,166.67 per pay period (which, if annualized, equals $220,000), less all applicable taxes and withholdings, to be paid in installments in accordance with the Companys regular payroll practices. Your base salary may be adjusted in the sole discretion of the Company from time to time in accordance with normal business practices. Following the end of any calendar year in which you are employed by the Company, and subject to the approval of the Companys Board of Directors (the Board), you may from time to time be eligible for a discretionary annual retention and performance bonus award, to be paid in that subsequent year in accordance with the Companys customary practices, of up to 30% of your then current annualized base salary. Any such bonus award would be based on both you and the Company achieving certain performance objectives for that calendar year, both as determined by the Company in its sole discretion. You must be an active employee of the Company on the date the bonus is distributed in order to be eligible for and to earn any bonus award, as it also serves as an incentive to remain employed by the Company. You will be eligible for this annual bonus award beginning with 2015 calendar year performance.
Base Salary. During your employment, your base annual salary will be $470,000, payable in accordance with the regular payroll practices of the Company and subject to applicable deductions and withholdings. Your salary may be adjusted from time to time in accordance with normal business practice and in the sole discretion of the Company.
Base Salary. Your salary will be at an annualized rate of $248,000 per year, payable in accordance with the Companys standard payroll schedule. Your salary, as well as any other cash amounts payable under this offer letter, will be subject to applicable tax withholdings and shall be reviewed by the Companys Board of Directors (the Board) for possible increases prior to the start of each fiscal year, effective at the beginning of such fiscal year.
In this position, your base salary will be $225,000 per year, payable (less payroll deductions and all required withholdings) in accordance with the Companys regular payroll policies. Your target bonus for each fiscal year will be fifty percent (50%) of your base salary, for a total cash compensation target of $337,500, provided that you may earn a bonus of up to a maximum of seventy percent (70%) of your base salary. Your base salary and bonus will be prorated for any partial fiscal year of your employment with the Company. The Board will determine the financial targets that will govern bonus payouts, consistent with the targets and structure of the Incentive Compensation Plan adopted by the Company for a given fiscal year. Payouts of the bonus will be made in accordance with the terms of the applicable Incentive Compensation Plan. During your employment, you will also be eligible to participate in the benefit programs made available to Company executives, in accordance with the terms of such plans and as such plans or programs may be in effect from time to time, and to earn accrued vacation in accordance with the Companys vacation policies as in effect from time to time.
If you decide to join us, your annual base salary will be $275,000.00, payable semi-monthly in accordance with the Companys normal payroll procedures and subject to the usual, required withholdings. Your annual bonus opportunity will be targeted at $55,000, provided that in the first year of employment, the company guarantees $25,000 of your targeted bonus opportunity, subject to your continued employment through the first year of employment. Except with respect to the guaranteed portion of your bonus, your bonus if any will be subject to the achievement of performance objectives and/or other criteria as determined by the Company in its sole discretion. Any bonus payable to you will be subject to the usual, required withholdings, and will be paid no later than March 15 of the calendar year following the calendar year in which the bonus is earned by you.
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