Bonus Pool Amount Clause Samples
The "Bonus Pool Amount" clause defines the total sum of money set aside by an employer or organization to be distributed as bonuses among eligible employees or participants. Typically, this clause outlines how the pool is calculated—such as being a fixed amount, a percentage of profits, or based on other performance metrics—and may specify eligibility criteria or allocation methods. Its core function is to establish transparency and fairness in the distribution of bonuses, ensuring all parties understand the available funds and the basis for their share.
Bonus Pool Amount. The Company shall establish a bonus pool in the applicable aggregate amount (the “Bonus Pool Amount”) set forth in the table below based on the growth in Proprietary Brand Sales as a percentage of Total C&G Sales during the applicable Measurement Period. For the avoidance of doubt, the maximum Bonus Pool Amount is $400,000, even if growth in Proprietary Brand Sales as a percentage of Total C&G Sales exceeds 6%. As an example for illustrative purposes only, if Proprietary Brand Sales as a percentage of Total C&G Sales during fiscal year 2023 were 20.1%, and Proprietary Brand Sales as a percentage of Total C&G Sales during fiscal year 2024 were 23.8%, the Bonus Pool Amount would equal $100,000. Notwithstanding the foregoing, no Award shall be payable for any Measurement Period during which the Company experiences a decrease in total Proprietary Brand Sales.
Bonus Pool Amount. At the Closing, Sellers shall deposit or cause to be deposited the Bonus Pool Amount in cash by wire transfer of immediately available funds with the Escrow Agent, to be held and distributed according to the Bonus Pool Escrow Agreement.