Attached files

file filename
EX-3.1 - EX-3.1 - Virobay Incd748272dex31.htm
EX-10.6 - EX-10.6 - Virobay Incd748272dex106.htm
EX-10.12 - EX-10.12 - Virobay Incd748272dex1012.htm
EX-10.4 - EX-10.4 - Virobay Incd748272dex104.htm
EX-10.21 - EX-10.21 - Virobay Incd748272dex1021.htm
EX-4.1 - EX-4.1 - Virobay Incd748272dex41.htm
EX-5.1 - EX-5.1 - Virobay Incd748272dex51.htm
EX-10.5 - EX-10.5 - Virobay Incd748272dex105.htm
EX-10.15 - EX-10.15 - Virobay Incd748272dex1015.htm
EX-10.14 - EX-10.14 - Virobay Incd748272dex1014.htm
EX-1.1 - EX-1.1 - Virobay Incd748272dex11.htm
EX-10.13 - EX-10.13 - Virobay Incd748272dex1013.htm
EX-10.17 - EX-10.17 - Virobay Incd748272dex1017.htm
EX-10.2 - EX-10.2 - Virobay Incd748272dex102.htm
EX-23.1 - EX-23.1 - Virobay Incd748272dex231.htm
S-1/A - AMENDMENT NO.1 TO FORM S-1 - Virobay Incd748272ds1a.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 participant’s base salary. Any cash bonus earned during the period shall be paid in one lump sum, in the payment period immediately following the Board’s determination of the achievement of such Corporate Objectives. No cash bonus will be earned or payable in the event a participant’s 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.