Retention Bonus Agreement
This Retention Bonus Agreement (“Agreement”) outlines a retention bonus arrangement between BioAtla, Inc. (the “Company”) and [EMPLOYEE], effective March 20, 2026.
Overview
We’re offering you an opportunity to earn two retention bonuses tied to key milestones, in recognition of your contributions and to support continued success in important financial goals.
Total Bonus
You’re eligible to earn up to a total of [$MIN to $MAX] in cash retention bonus payments. This is not guaranteed compensation, and each portion must be earned as described below.
How It’s Earned
The bonus is tied to the Company’s achievement of the milestones set forth on Exhibit A hereto.
If a milestone is achieved ±20% of the target, the applicable bonus for that milestone will be adjusted on a straight-line basis up to 20% below and 20% above the target bonus.
Results below -20% will earn no bonus for that milestone. Results above +20% will be capped at 120% of the milestone target. The Company will determine, in its sole discretion, whether and to what extent a milestone has been achieved and the final calculated result and payout, if any.
Each retention bonus is earned separately if and when the applicable milestone is met and the Company certifies payout.
Payment Timing
Taxes
All payments will go through payroll and have standard tax withholdings.
At-Will Employment
This doesn’t change your at-will employment status. Either you or the company can end employment at any time.