Example ContractsClausesbase salary and bonusVariants
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Base Salary and Bonus. Your base salary will be at the rate of per pay period (which, if annualized, equals ), less all applicable taxes and withholdings, to be paid in installments in accordance with the Company’s 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 Company’s 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 Company’s 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 and Annual Bonus. Your current annual base salary is , less standard payroll deductions and tax withholdings, paid on the Company’s normal payroll schedule. You will be ateligible to participate in the rateCompany’s annual bonus program in accordance with its terms, with the target bonus of per pay period (which, if annualized, equals ), less all applicable taxes and withholdings,performance metrics to be paid in installments in accordance withestablished by the Company’s regular payroll practices. Your base salary may be adjusted in the sole discretionboard of directors of the Company from time to time in accordance with normal business practices. Following(the “Board”) or the end of any calendar year in which you are employed by the Company, and subject to the approvalcompensation committee of the Company’s Board of Directors (the “Board”“Committee”), 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 Company’s 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. YouYour compensation will be eligible for this annual bonus award beginningsubject to periodic review in accordance with 2015 calendar year performance.Company practices.

Base Salary and Bonus. YourSalary. During your employment, your base annual salary will be at the rate of per pay period (which, if annualized, equals ), less all applicable taxes and withholdings, to be paid in installmentspayable in accordance with the Company’s regular payroll practices.practices of the Company and subject to applicable deductions and withholdings. Your base salary may be adjusted in the sole discretion of the Company from time to time in accordance with normal business practices. Followingpractice and in the end of any calendar year in which you are employed by the Company, and subject to the approvalsole discretion of the Company’s 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 Company’s 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 and Bonus. Your

You will receive a base salary will be at the rate of per pay period (which, if annualized, equals annum () monthly), less all applicable taxes and withholdings, towhich will be paid in installmentssemi‑monthly in accordance with the Company’Company’s regularnormal payroll practices. Your base salary mayprocedures (“Base Salary”). You will also be adjusted ineligible to earn an annual cash bonus up to 35.0% of your Base Salary (“Annual Bonus”), prorated for 2021 based on your Start Date. The actual amount of the Annual Bonus will be determined at the sole discretion of the Company’s Board based upon measures of Company from time to time in accordance with normal business practices. Followingperformance and shall not be earned until paid. Any Annual Bonus will be paid within two and one-half (2.5) months after the end of anythe calendar year into which you are employed by the Company, and subject to the approval of the Company’s 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 Company’s 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.Annual Bonus relates.

Base Salary and Bonus. Your

If you decide to join us, your annual base salary will be at the rate of per pay period (which, if annualized, equals ), less all applicable taxes and withholdings, to be paid in installmentspayable semi-monthly in accordance with the Company’s regularnormal 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,procedures and subject to the approvalusual, required withholdings. Your annual bonus opportunity will be targeted at , provided that in the first year of employment, the Company’s 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 Company’s customary practices, of up to 30%company guarantees of your then current annualized base salary. Any suchtargeted bonus award wouldopportunity, 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 based on both you andsubject to the Company achieving certainachievement of performance objectives for that calendar year, bothand/or other criteria as determined by the Company in its sole discretion. You mustAny bonus payable to you will be an active employeesubject to the usual, required withholdings, and will be paid no later than March 15 of the Company oncalendar year following the datecalendar year in which 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 employedearned by the Company. You will be eligible for this annual bonus award beginning with 2015 calendar year performance.you.

Base Salary and Bonus.

Your baseinitial salary will be at the rate per month, equivalent to an annualized base salary of per pay period (which, if annualized, equals ), less all applicable taxes and withholdings, to be paid in installments in accordance with our standard payroll practices and subject to all withholdings and deductions as required by law, for your full-time efforts, of at least 40 hours per week. You will also be eligible for annual bonus compensation of up to 20% of your annualized base salary, based upon company, departmental and individual performance against the Company’s regular payroll practices. Your base salary may be adjusted inapplicable performance goals established by the sole discretionCompensation Committee. For 2017, you will receive a pro-rated annual bonus based on the number of the Company from time to time in accordance with normal business practices. Following the end of any calendar year in whichdays you are employed byduring the Company, andyear. You must remain continuously employed with the Company through the date of the bonus payment to receive such payment. All bonus payments, if any, are subject to the approval of the Company’s 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 Company’s 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.Directors.

Base Salary and Bonus.

As a full-time employee, you will initially earn a base salary of paid twice monthly on the Company’s normal payroll schedule. Your base salary will be at the rate of per pay period (which, if annualized, equals ), less all applicable taxes and withholdings,subject to be paid in installments in accordance with the Company’s regular payroll practices. Your base salary may be adjusted in the sole discretionreview annually as part of the Company from time to time in accordance withCompany’s normal business practices. Following the end of any calendar year in which you are employed by the Company, and subjectsalary review process. In addition to the approval of the Company’s Board of Directors (the “Board”),base salary, you may from time to timewill be eligible for a discretionary annual retention and performance bonus award, to be paid in that subsequent year in accordance with the Company’s customary practices, of up to 30%10% of your then current annualizedannual base salary. Any suchThe bonus award wouldwill be basedpaid on both you andan annual basis. However, the Company achieving certain performance objectives forfinal decision on the amount of the bonus that calendar year, both as determinedwill be paid shall be defined 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 and Bonus. Your

In this position, your base salary will be at the rate of per pay period (which, if annualized, equals ), lessyear, payable (less payroll deductions and all applicable taxes and withholdings, to be paid in installmentsrequired withholdings) in accordance with the Company’s regular payroll practices.policies. Your target bonus for each fiscal year will be fifty percent (50%) of your base salary, for a total cash compensation target of , 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 adjusted in the sole discretion of the Companyeffect 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,time, and subject to the approval of the Company’s 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 yearearn accrued vacation in accordance with the Company’s customary practices, of upvacation policies as in effect from time 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.time.

Base Salary and Bonus.Salary. Your base salary will be at thean annualized rate of per pay period (which, if annualized, equals ), less all applicable taxes and withholdings, to be paid in installmentsyear, payable in accordance with the Company’s regularstandard payroll practices.schedule. Your base salary maysalary, as well as any other cash amounts payable under this offer letter, will 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 ofapplicable tax withholdings and shall be reviewed by the Company’s Board of Directors (the “Board”), you may from time for possible increases prior to time be eligible for a discretionary annual retention and performance bonus award, to be paid in that subsequent year in accordance with the Company’s customary practices,start of up to 30%each fiscal year, effective at the beginning 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.fiscal year.

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