BONUS TABLE Clause Samples
The BONUS TABLE clause defines the structure and criteria for awarding additional compensation or incentives beyond regular payments. Typically, it outlines specific performance targets, milestones, or achievements that trigger bonus payments, and may include details such as the amount, timing, and method of calculation. This clause ensures transparency and clarity regarding how bonuses are earned and distributed, helping to motivate performance and prevent disputes over incentive entitlements.
BONUS TABLE. If Audited Net % of Annual Salary Income (as a % of Payable to Executive Budgeted Net Income Is As Bonus Less Than 75% -0- 75% or more, but less than 90% 12.5% 90% or more, but less than 100% 25.0% 100% or more, but less than 115% 37.5% 115% or more 50.0%