Common use of Performance Incentive Bonus Clause in Contracts

Performance Incentive Bonus. Due to the unique nature and conditions associated with the industry the Parties agree that the Company may develop and implement a performance or skills bonus scheme to apply to an FTM(s) engaged under this Agreement and subject to the following: (a) The bonus will take into account and be based upon skills, safety, production, quality, equipment condition, environmental compliance, market conditions, performance or any other criteria as determined by the Company; (b) The Parties agree that the bonus is only payable where an FTM’s skills are critical and productivity exceeds productivity targets as determined by the Company; (c) The bonus will be tailored by the Company to suit the nature of the activities performed by individual FTMs; (d) The bonus will be in addition to any employment benefits provided for in this Agreement and may be paid as an hourly supplement to classification wages or as a weekly or one- off lump sum amount; (e) In the event that the individual bonus applies to only one classification it will not have a flow on to other areas of work or classifications under this Agreement; (f) The Company has absolute discretion with regard to the implementation and/or content and/or payment of the bonus scheme and may withdraw the bonus scheme at any time.

Performance Incentive Bonus. Due to the unique nature and conditions associated with the industry the Parties agree that the Company may develop and implement a performance or skills bonus scheme to apply to an FTM(s) engaged under this Agreement and subject to the following: (a) The bonus will take into account and be based upon skills, safety, production, quality, equipment condition, environmental compliance, market conditions, performance or any other criteria as determined by the Company; (b) The Parties agree that the bonus is only payable where an FTM’s skills are critical and productivity exceeds productivity targets as determined by the Company; (c) The bonus will be tailored by the Company to suit the nature of the activities performed by individual FTMs; (d) The bonus will be in addition to any employment benefits provided for in this Agreement and may be paid as an hourly supplement to classification wages or as a weekly or one- one-off lump sum amount; (e) In the event that the individual bonus applies to only one classification it will not have a flow on to other areas of work or classifications under this Agreement; (f) The Company has absolute discretion with regard to the implementation and/or content and/or payment of the bonus scheme and may withdraw the bonus scheme at any time.