Bonus Targets Clause Samples
The Bonus Targets clause defines the specific performance goals or metrics that must be achieved for a party, typically an employee, to become eligible for a bonus payment. This clause outlines the criteria, such as sales figures, project milestones, or other measurable objectives, and may specify the time frame within which these targets must be met. By clearly establishing the requirements for earning a bonus, the clause ensures transparency and motivates performance, while also helping to prevent disputes over bonus eligibility.
Bonus Targets. See Appendix B.
Bonus Targets. Wasatch Revenue for Period 1 Cash Options for Bonus Common Stock Equal to or greater than $6,000,000 $45,000 17,500 shares Equal to or greater than $5,500,000 but less than $6,000,000 $40,000 17,500 shares Equal to or greater than $5,000,000 but less than $5,500,000 $35,000 17,500 shares Equal to or greater than $4,500,000 but less than $5,000,000 $30,000 15,000 shares Less than $4,500,000 $0 0 shares Wasatch Profit for Period 1 Equal to or greater than $1,200,000 $45,000 17,500 shares Equal to or greater than $1,100,000 but less than $1,200,000 $40,000 17,500 shares Equal to or greater than $1,000,000 but less than $1,100,000 $35,000 17,500 shares Equal to or greater than $900,000 but less than $1,000,000 $30,000 15,000 shares Less than $900,000 $0 0 shares Company Criteria for Period 1 Equal to or greater than $2,500,000 $45,000 15,000 shares Equal to or greater than $2,250,000 but less than $2,500,000 $40,000 15,000 shares Equal to or greater than $2,000,000 but less than $2,250,000 $30,000 15,000 shares Equal to or greater than $1,800,000 but less than $2,000,000 $25,000 12,500 shares Less than $1,800,000 $0 0 shares
Bonus Targets. To Be Determined
Bonus Targets. For the period of January 1, 1999, through December 31, 1999, the budgetary goals for earnings and asset growth in conjunction with the bonus to be paid to the Executive at the end of the fiscal year shall be the goals heretofore established by the Bank for that period and reflected in Paragraph 3.2 above. For the fiscal years commencing January 1, 2000, and thereafter, the targets to be used shall be established by the Bank Board in consultation with the Executive and shall be computed in accordance with Paragraphs 3.2 and 3.
Bonus Targets. Bonus potential will be a percentage of the eligible employee’s base salary (excludes all fringe benefits (car allowance, etc.). Bonus Target Positions as % of base CEO 150 % CFO 50 % Corp SVPs 40 % Operations SVPs 40 % Corp VPs 30 % BONUS CRITERIA The bonus program for senior management has two components:
Bonus Targets. The FY 2004 Executive Team bonus targets at 100% achievement of Plan are: CEO – 100% of base salary Senior Vice President – 80% of base salary Vice President – 60% of base salary General Bonus Plan Rules All Bonus Plan calculations for achievement of Revenue and Operating Plan parameters are net of all profit-sharing and bonus payments. Payouts are funded with 50% of the Operating Profits in excess of 5% of Revenue and profit-sharing payments are a credit against amounts earned under this Plan. Maximum Bonus for achieving Revenue Target is 200%. Maximum Bonus for achieving Operating Profit Target is 200%. Bonus will be paid within 30 days of completion of the annual audit Bonus payouts are based on the participant’s actual base payroll for the bonus year. Employees eligible to receive bonuses must be employees on the date the bonus is paid to receive a bonus. General Provisions The Company reserves the right to change or modify the Bonus Plan at any time with the concurrence of the Board of Directors. ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ Option Number: ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇. ▇▇▇▇: ▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇ Effective January 7, 2004, (the “Grant Date”), you (“Optionee”) have been granted an option to buy 420,000 shares of Common Stock of Electro Scientific Industries, Inc. (the “Company”) at $[ ] per share. This option is intended as an incentive stock option within the meaning of, and to the maximum extent permitted within the $100,000 annual vesting limitation under, Section 422 of the Internal Revenue Code of 1986, as amended. The total option price of this option is $[ ]. Shares in each period will become fully vested on the date shown. By your signature and the Company’s signature below, you and the Company agree that this option is granted under and governed by the terms and conditions of the Company’s 2000 Stock Option Incentive Plan, as amended, and the attached Option Terms and Conditions, which are incorporated into and made a part of this agreement. Notwithstanding paragraphs 1.2, 1.3 and 1.5 of the attached Terms & Conditions, Section 9 of the Employment Agreement between Optionee and the Company (the “Employment Agreement”) shall govern the time of exercise and vesting of the option in the event that the Company terminates Optionee’s employment without Cause (as defined in the Employment Agreement), or in the event that Optionee terminates employment for Good Reason (as defined in the Employment Agreement). By s//▇▇▇ ▇. ▇▇▇▇▇▇▇▇ January 7, 2004 ▇▇▇ ▇. ▇▇▇▇▇▇▇▇ Chairman of th...