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Between Target and Maximum
Between Target and Maximum contract clause examples
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Target Bonus. Effective as of the Effective Date and for the remainder of the Employment Term, Executive will be eligible to receive an annual bonus of up to 45% of Executive’s Base Salary upon achievement of performance objectives to be determined by the Board or its authorized committee (the “Committee”) in its sole discretion, with reasonable input from Executive (the “Target Bonus”). For calendar year 2021, the achieved Target Bonus will be pro-rated for the portion of the calendar year that Executive is actually employed by the Company under the terms of this Agreement. The achieved portion of Executive’s Target Bonus will be paid, less applicable withholdings, as soon as practicable after the Board or Committee determines that the Target Bonus has been earned, but in no event shall the Target Bonus be paid after the later of # the fifteenth (15th) day of the third (3rd) month following the close of the Company’s fiscal year in which the Target Bonus is earned or # March 15 following the calendar year in which the Target Bonus is earned.

Target Acquisition. Prior to or substantially concurrently with the initial Borrowing and the issuance of the 2018 Senior Notes, if any, (as defined in the Amended and Restated Credit Agreement) and/or any borrowing under the Bridge Facility, if any, (as defined in the Amended and Restated Credit Agreement), if applicable, on the Acquisition Closing Date, the Target Acquisition shall have been consummated in accordance with the terms of the Merger Agreement and the Merger Agreement shall not have been altered, amended or otherwise changed or supplemented or any provision or condition therein waived, and neither the Parent nor any affiliate thereof shall have consented to any action which would require the consent of the Parent or such affiliate under the Merger Agreement, if such alteration, amendment, change, supplement, waiver or consent would be adverse to the interests of the Lenders in any material respect, in any such case without the prior written consent of the Arrangers (as defined in the Amended and Restated Credit Agreement) (such consent not to be unreasonably withheld) (it being understood and agreed that any alteration, supplement, amendment, modification, waiver or consent that # decreases the purchase price in respect of the Target Acquisition by 10% or more other than purchase price adjustments pursuant to the express terms of the Merger Agreement shall be deemed to be adverse to the interests of the Lenders in a material respect, # any increase in the purchase price in respect of the Target Acquisition shall not be deemed to be adverse to the interests of the Lenders in any material respect, so long as such increase is funded solely by the issuance of the Parent of common equity, or # modifies the so-called “Xerox” provisions of the Merger Agreement providing protection with respect to exclusive jurisdiction, waiver of jury trial, liability caps and third party beneficiary status for the benefit of the Lenders (as defined in the Merger Agreement) and their respective affiliates shall be deemed to be adverse to the interests of the Lenders in a material respect).

Development Target. Zai shall, # within ​ months of the ​, obtain Regulatory Approval for the Licensed Product for the same Indication in the Territory; provided, however, ​, Zai shall obtain Regulatory Approval for the Licensed Product for the same Indication in the Territory within ​ months of the ​; # ​ within ​ months after the Effective Date; and # ​ within # ​ months after ​, or # ​ months after ​ (each such Zai obligation a “Development Targetand each such corresponding deadline a “Development Target Deadline”); provided that each such Development Target Deadline shall be extended by ​ days or such other period of time as agreed in writing by the Parties if # Zai demonstrates to NVCR that Zai has utilized Commercially Reasonable Efforts to achieve the corresponding Development Target by the corresponding Development Target Deadline and # such inability to achieve such Development Target by the corresponding Development Target Deadline is due to # reasons outside of Zai’s control including changes to the regulatory process or Applicable Laws, or delays caused by Governmental Authorities including delays in providing necessary approvals or responses; or # NVCR exercising its final decision making authority with Zai’s objection.

Target Bonus. Employee will be entitled to annual cash incentive compensation with a total target value (the "Target Bonus") established by the Committee under Company's Amended and Restated Annual Cash Incentive Award Plan (the "Annual Plan"). Actual amounts payable will be based on the achievement of corporate and individual performance goals, which may be objective or subjective, established by the Committee in its sole discretion under the Annual Plan. For the period ending December 31, 2020, the Target Bonus for Employee is $125,000, based on the achievement of performance goals designated by the Company’s Chief Executive Officer and ratified by the Board’s Compensation Committee. For 2021, the Target Bonus for Employee will be at least $250,000. The extent to which performance goals were achieved will be determined, and cash incentive awards will be paid, in accordance with the provisions of the Annual Plan. The Annual Plan may be amended by the Board from time to time in the future in its sole discretion. Any upward adjustment in Target Bonus shall constitute "Target Bonus" for purposes of this Agreement.

Target Bonus. If the Company terminates Executive’s employment without Cause or Executive terminates Executive’s employment for Good Reason during the Term or Renewal Term, the Company shall pay to Executive, less Deductions and Withholdings, an additional severance benefit in an amount equal to one-hundred (100%) of Executive’s then-current target bonus for the calendar year in which the termination occurred, payable in substantially equal installments concurrent with the salary continuation payments pursuant to Section 4.3.1 (including a catch-up payment as described therein).

Target Award. Each Award opportunity will specify a targeted incentive opportunity (the "Target Award") expressed either as a dollar amount or as a percentage of a Participant's regular annualized base salary.

Development Target. Zai shall, # within ​ months of the ​, obtain Regulatory Approval for the Licensed Product for the same Indication in the Territory; provided, however, ​, Zai shall obtain Regulatory Approval for the Licensed Product for the same Indication in the Territory within ​ months of the ​; # ​ within ​ months after the Effective Date; and # ​ within # ​ months after ​, or # ​ months after ​ (each such Zai obligation a “Development Targetand each such corresponding deadline a “Development Target Deadline”); provided that each such Development Target Deadline shall be extended by ​ days or such other period of time as agreed in writing by the Parties if # Zai demonstrates to NVCR that Zai has utilized Commercially Reasonable Efforts to achieve the corresponding Development Target by the corresponding Development Target Deadline and # such inability to achieve such Development Target by the corresponding Development Target Deadline is due to # reasons outside of Zai’s control including changes to the regulatory process or Applicable Laws, or delays caused by Governmental Authorities including delays in providing necessary approvals or responses; or # NVCR exercising its final decision making authority with Zai’s objection.

Target Bonus. During the Employment Term, Executive will be eligible to receive an annual cash bonus, with a target amount equal to a percentage of Executive’s Base Salary for each full calendar year as determined by the Compensation Committee from time to time in its sole and absolute discretion (the “Target Bonusand the actual amount awarded, the “Actual Bonus”), based upon achievement of corporate performance (including financial) and/or personal performance objectives to be established by the Compensation Committee from time to time and subject to the terms of the applicable bonus plan(s). To receive payment of any Actual Bonus,

Performance Target. To the extent that the Grant Schedule includes a performance-based target, the Grant Schedule will specify the extent to which the Restricted Stock Units will be forfeited for failure to achieve the performance-based target.

Development Target. Zai shall, # within ​ months of the ​, obtain Regulatory Approval for the Licensed Product for the same Indication in the Territory; provided, however, ​, Zai shall obtain Regulatory Approval for the Licensed Product for the same Indication in the Territory within ​ months of the ​; # ​ within ​ months after the Effective Date; and # ​ within # ​ months after ​, or # ​ months after ​ (each such Zai obligation a “Development Targetand each such corresponding deadline a “Development Target Deadline”); provided that each such Development Target Deadline shall be extended by ​ days or such other period of time as agreed in writing by the Parties if # Zai demonstrates to NVCR that Zai has utilized Commercially Reasonable Efforts to achieve the corresponding Development Target by the corresponding Development Target Deadline and # such inability to achieve such Development Target by the corresponding Development Target Deadline is due to # reasons outside of Zai’s control including changes to the regulatory process or Applicable Laws, or delays caused by Governmental Authorities including delays in providing necessary approvals or responses; or # NVCR exercising its final decision making authority with Zai’s objection.

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