Performance-Based Cash Award Clause Samples
Performance-Based Cash Award. The amount of the Performance-Based Cash Award payable to the Employee hereunder shall be determined based upon the achievement of the Bonus Target as set forth in the Award Certificate issued to the Employee hereunder.
Performance-Based Cash Award. The amount of the Performance-Based Cash Award payable to the Employee hereunder shall be determined as follows:
(a) If the Base Bonus Target is achieved, the Performance-Based Cash Award payable to the Employee hereunder shall be the Target Bonus multiplied by the Individual Performance Goal Percentage for each Individual Performance Goal which has been achieved.
(b) If the Base Bonus Target is not achieved, the Employee shall not be entitled to payment of any Performance Based Cash Award under this Agreement, regardless of the achievement of any Individual Performance Goal.
(c) If no Individual Performance Goal(s) have been achieved, the Employee shall not be entitled to payment of any Performance-Based Cash Award under this Agreement, regardless of the achievement of the Base Bonus Target.
Performance-Based Cash Award. The Company has awarded Participant, and Participant hereby accepts, [[AWARDCOMMENT]] a cash award at target level (“Cash Award”). The Cash Award is subject to the terms and conditions stated in this Agreement and in the Plan.