Attached files
file | filename |
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EX-3.1 - EX-3.1 - Virobay Inc | d748272dex31.htm |
EX-10.6 - EX-10.6 - Virobay Inc | d748272dex106.htm |
EX-10.12 - EX-10.12 - Virobay Inc | d748272dex1012.htm |
EX-10.4 - EX-10.4 - Virobay Inc | d748272dex104.htm |
EX-10.21 - EX-10.21 - Virobay Inc | d748272dex1021.htm |
EX-4.1 - EX-4.1 - Virobay Inc | d748272dex41.htm |
EX-5.1 - EX-5.1 - Virobay Inc | d748272dex51.htm |
EX-10.5 - EX-10.5 - Virobay Inc | d748272dex105.htm |
EX-10.15 - EX-10.15 - Virobay Inc | d748272dex1015.htm |
EX-10.14 - EX-10.14 - Virobay Inc | d748272dex1014.htm |
EX-1.1 - EX-1.1 - Virobay Inc | d748272dex11.htm |
EX-10.13 - EX-10.13 - Virobay Inc | d748272dex1013.htm |
EX-10.17 - EX-10.17 - Virobay Inc | d748272dex1017.htm |
EX-10.2 - EX-10.2 - Virobay Inc | d748272dex102.htm |
EX-23.1 - EX-23.1 - Virobay Inc | d748272dex231.htm |
S-1/A - AMENDMENT NO.1 TO FORM S-1 - Virobay Inc | d748272ds1a.htm |
Exhibit 10.20
2015 Management Performance Bonus Plan
Purpose:
The Virobay, Inc. (the Company) 2015 Management Performance Bonus Plan (the Plan) is applicable to our Named Executive Officers (as defined in Item 402(a)(3) of Regulation S-K promulgated by the Securities and Exchange Commission) and certain other officers and employees as determined by the Board of Directors (the Board). The Plan is designed to reward the participants for assisting the Company in achieving its operational goals through exemplary performance. The overarching intent in setting and achieving the goals is to build long-term stockholder value.
Determination of 2015 Cash Bonuses:
Under the Plan, cash bonuses, if any, will be based on the achievement by the Company of certain corporate objectives (the Corporate Objectives) as determined in the sole discretion of the Board. Target bonuses for each participant in the Plan range from 15% to 40% of the participants base salary. Any cash bonus earned during the period shall be paid in one lump sum, in the payment period immediately following the Boards determination of the achievement of such Corporate Objectives. No cash bonus will be earned or payable in the event a participants employment terminates, for any reason, before the end of the fiscal year. The Board reserves the right to modify these goals and criteria or to otherwise amend or terminate the Plan at any time.