SEC Contract Filing

Filing Date: 2016-01-29

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<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>life-ex101_7.htm
<DESCRIPTION>EX-10.1
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<p style="text-align:right;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
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<p style="text-align:center;margin-bottom:24pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:14pt;text-transform:uppercase;font-family:Times New Roman;font-style:normal;font-variant: normal;">ATYR PHARMA, INC.<br>SENIOR EXECUTIVE CASH INCENTIVE BONUS PLAN</p>
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<p style="margin-bottom:12pt;margin-top:0pt;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="text-decoration:none;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">1.</font></p></td>
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<p style="margin-bottom:12pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:12pt;"><font style="text-decoration:none;"></font><font style="text-decoration:underline;">Purpose</font></p></td></tr></table></div>
<p style="margin-bottom:12pt;margin-top:0pt;text-indent:6.67%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">This Senior Executive Cash Incentive Bonus Plan (the &#8220;<font style="font-weight:bold;font-style:italic;">Incentive</font> <font style="font-weight:bold;font-style:italic;">Plan</font>&#8221;) is intended to provide an incentive for superior work and to motivate eligible executives of aTyr Pharma, Inc. (the &#8220;<font style="font-weight:bold;font-style:italic;">Company</font>&#8221;) and its subsidiaries toward even higher achievement and business results, to tie their goals and interests to those of the Company and its stockholders and to enable the Company to attract and retain highly qualified executives.&nbsp;&nbsp;The Incentive Plan is for the benefit of Covered Executives (as defined below).</p>
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<p style="margin-bottom:12pt;margin-top:0pt;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="text-decoration:none;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">2.</font></p></td>
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<p style="margin-bottom:12pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:12pt;"><font style="text-decoration:none;"></font><font style="text-decoration:underline;">Covered Executives</font></p></td></tr></table></div>
<p style="margin-bottom:12pt;margin-top:0pt;text-indent:6.67%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">From time to time, the Compensation Committee of the Board of Directors of the Company (the &#8220;<font style="font-weight:bold;font-style:italic;">Compensation</font> <font style="font-weight:bold;font-style:italic;">Committee</font>&#8221;) may select certain key executives (the &#8220;<font style="font-weight:bold;font-style:italic;">Covered</font> <font style="font-weight:bold;font-style:italic;">Executives</font>&#8221;) to be eligible to receive bonuses hereunder.&nbsp;&nbsp;Participation in this Plan does not change the &#8220;at will&#8221; nature of a Covered Executive&#8217;s employment with the Company.</p>
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<p style="margin-bottom:12pt;margin-top:0pt;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="text-decoration:none;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">3.</font></p></td>
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<p style="margin-bottom:12pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:12pt;"><font style="text-decoration:none;"></font><font style="text-decoration:underline;">Administration</font></p></td></tr></table></div>
<p style="margin-bottom:12pt;margin-top:0pt;text-indent:6.67%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The Compensation Committee shall have the sole discretion and authority to administer and interpret the Incentive Plan.</p>
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<p style="margin-bottom:12pt;margin-top:0pt;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="text-decoration:none;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">4.</font></p>