Annual Variable Compensation. Employee is eligible for an annual regional sales performance incentive bonus of up to $300,000.00 per year based on sales-related objectives to be determined in the reasonable discretion of Company (the “Commission Bonus”) and subject to the applicable commissions plan. If the Commission Bonus is earned, it will be paid at the same time as the Annual Corporate Bonus which follows year-end financial reconciliations in Q1 of the following calendar year. For the 2019 year, the Commission Bonus will not be prorated.
Appears in 2 contracts
Sources: Employment Agreement (Rackspace Technology, Inc.), Employment Agreement (Rackspace Technology, Inc.)