Bonus Structure Clause Samples
The Bonus Structure clause defines the terms and conditions under which additional compensation, beyond base salary, may be awarded to an employee. Typically, this clause outlines the criteria for earning a bonus, such as achieving specific performance targets, company profitability, or meeting project deadlines, and may specify the calculation method or timing of bonus payments. Its core practical function is to incentivize desired behaviors and performance by providing clear guidelines for earning extra compensation, thereby aligning employee efforts with organizational goals.
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Bonus Structure. The Executive will be entitled to participate as appropriate in any bonus plan for senior executive employees that the Corporation may institute from time to time.
Bonus Structure. EMPLOYER agrees to provide XRN with the opportunity of making a bonus. Bonuses shall be paid out monthly. XenaCare reserves the right to change and re-evaluate the bonus structure from time to time.
Bonus Structure. The parties develop a framework with milestones and triggers for bonuses and additional compensation for management based upon agreed metrics, including but not limited to GR’s performance and the generation of new affiliate agreements for Driven, as well as a change of control of Driven or GRA.
Bonus Structure. Net Income to Company Bonus Payment (1) ------------------------- ------------------ $1.00 - $250,000.00 No Bonus $250,000.01 - $350,000.00 A $50,000.00 Bonus $350,000.01 - $450,000.00 An additional $50,000.00 Bonus $450,000.01 - $500,000.00 An additional $25,000.00 Bonus ------------------------------------
Bonus Structure. 2.1 The bonus can be added to equity and is immediately tradable, subject to Compliance requirements.
2.2 The maximum amount of bonus a client is able to receive must not be higher than 30% of the deposit amount and lower than 10.000 USD, convertible in the base currency of the account
2.3 Bonus may be withdrawn only once Required Trading Volume has been reached.
2.4 The trading volume is calculated from the first trade after the bonus is credited to the account.
2.5 Withdrawal of profits made while enjoying the bonus are subject to the same volume requirements.
Bonus Structure. To be determined as departmental goals are instituted and job descriptions are further defined.
Bonus Structure. In addition, the Executive will be eligible to receive an annual bonus for successfully meeting personal objectives established in consultation with the Executive and the objectives of the Corporation as established from time to time by the Corporation’s Corporate Governance, Nominating and Compensation Committee (the “Compensation Committee”). The Executive’s annual target bonus will be 60% of base salary for the year of the bonus, with the actual bonus prorated for any partial year of employment. Notwithstanding the foregoing, Executive’s annual bonus for 2024 shall not be subject to achievement of performance objectives, but shall be calculated as the product of (1) $240,000 and (2) a fraction, the numerator of which is the number of days for which Executive is employed by the Corporation in 2024 and the denominator of which is 366. Any annual bonus shall be paid after the end of the calendar year to which it relates, at the same time and under the same terms and conditions as the annual bonuses for other executives of the Corporation, provided that in no event shall the Executive’s annual bonus be paid later than two and a half months after the last day of the calendar year to which the annual bonus relates, subject to the Executive remaining employed through the last day of the calendar year for which the annual bonus relates. ▇▇ ▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇.▇▇▇ Toronto, ONM6K3M1
Bonus Structure. In addition, the Executive will be entitled to receive a bonus of twenty five thousand dollars ($25,000) for a mutually agreed upon objective that will be articulated at the time of hire.
Bonus Structure. A $1,000 bonus will be paid if Authorized Sales Agent generates $16,000 in gross profit (GP) in any month. Revenue must be verified in SASR to count for bonus.
Bonus Structure. In addition, the Executive will be entitled to a minimum bonus of US$25,500 the first 50% which will be payable after the completion of six months of continuous service for the completion of objectives as agreed to by the Chief Executive Officer. The remaining 50% will be payable after the completion of 12 months of continuous service for the completion of objectives as agreed to by the Chief Executive Officer.