Bonus Target Amount Clause Samples
The Bonus Target Amount clause defines the specific monetary value or percentage that serves as the benchmark for calculating an employee's bonus. Typically, this clause outlines the conditions under which the bonus is earned, such as meeting individual or company performance goals, and clarifies whether the target is fixed or subject to adjustment. By establishing a clear target, the clause ensures transparency in compensation expectations and helps both employer and employee understand the criteria for bonus eligibility, thereby reducing potential disputes over bonus calculations.
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Bonus Target Amount. The target amount for Executive’s Performance-related Bonus, as set forth on Schedule B, as may be adjusted annually at the discretion of the Board or the Committee.
Bonus Target Amount. Executive’s Target Bonus Percentage for the Plan Year multiplied by the Executive’s base salary as of the end of the relevant Plan Year.
Bonus Target Amount. The Bonus Target Amount, which will be communicated to you separately, represents the amount that you are eligible to earn if the Performance Goals are attained at the target level (i.e., 100%), subject to the terms and conditions set forth in the Agreement, including any adjustments to reflect individual performance.