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Mr. Friedman can also earn a minimum annual bonus of $500,000 if certain performance goals are met.
He starts with a sign-on bonus of $5 million, a base salary of $1 million, then gets a pro-rated minimum annual bonus that is either worth 200percentt of his salary or the average bonus percentage for the rest of the company's executives — whichever is greater.
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In the lawsuit, filed in New York state court in March, Mr. Neal said that Dr. Waksal and Softbank told him that his $350,000 salary and minimum $250,000 annual bonus were too high and that Softbank would not invest in Scientia unless the bonus was eliminated.
Dispensaries had a maximum bonus limit of T.Shs 1 million (approximately USD 676) and health centres, CHMTs and RHMTs' maximum annual bonus was T.Shs 3 million (USD 2,000), while hospitals had the highest maximum annual bonus of T.Shs 9 million (USD 6,000).
At the facility level, a maximum annual bonus was to be achieved if the facility met all the targets for all the indicators, whereas a partial bonus was to be paid if only some of the targets were met.
Some changes could be for the better (earning miles on partner airlines, converting hotel stays into airline miles, access to more lounges); others, not so much (higher award ticket fees, minimum annual spending requirements, disappearing bonuses).
This means the editor has agreed to forgo a minimum 5% pay rise and an annual bonus of at least £500,000 from 2015.
Annual bonus accrues while on maternity leave.
As for bonuses, well, I'll be honest: I get an annual bonus.
"Your annual bonus wasn't based on Melba toast".
You continue receiving the annual bonus on each anniversary.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com