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In the event of termination of this Agreement because of Employee\u2019s death or disability (as defined by Section 4.1(b)), termination by Company without Cause pursuant to Section 4.1(c), or pursuant to Employee\u2019s right to terminate this Agreement for Good Reason under Section 4.1(d), (1) any bonus for the fiscal year preceding the fiscal year in which such termination occurs shall be paid at the time and in the form such bonus would have been paid had Employee\u2019s employment continued until the payment date, and (2) the bonus for the fiscal year in which such termination occurs shall be pro-rated based on the number of full calendar weeks during the applicable fiscal year during which Employee was employed hereunder, based on the bonus amount that Employee would have earned based on actual performance for the fiscal year had Employee\u2019s employment not terminated, and shall be paid at the time and in the form such bonus would have been paid had Employee\u2019s employment continued; provided, however, in the event of termination of this Agreement because of Employee\u2019s termination by Company without Cause pursuant to Section 4.1(c) or pursuant to Employee\u2019s right to terminate this Agreement for Good Reason under Section 4.1(d) and such termination is on the date of a Change in Control or during a period of twenty-four (24) months after a Change in Control, Employee\u2019s target bonus for the fiscal year in which such termination occurs shall be prorated based on the number of full calendar weeks during the applicable fiscal year during which Employee was employed hereunder and shall be paid within thirty (30) days of such termination (subject to any delay in payout required under Section 4.2(b)). Notwithstanding anything herein to the contrary, no bonus shall be payable hereunder in the event that Employee\u2019s employment terminates for any other reason prior to the date on which any bonus is actually paid. Such bonus, if any, shall be payable after Company\u2019s accountants have determined the sales and profits and have issued their audit report with respect thereto for the applicable fiscal year, which determination shall be binding on the parties. 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In addition, the Executive shall be eligible to participate in the Company's bonus and other incentive compensation plans and programs (if any) for the Company's senior executives at a level commensurate with his position and may be entitled to bonus payments in addition to the amount set forth hereinabove.1", "size": 66, "samples": [{"hash": "l1Z8c85EpUe", "uri": "/contracts/l1Z8c85EpUe#bonus", "label": "Employment Agreement (Voiceserve Inc)", "score": 22.101984024, "published": true}, {"hash": "jWvuBzlnSA7", "uri": "/contracts/jWvuBzlnSA7#bonus", "label": "Employment Agreement (China Yingxia International, Inc.)", "score": 21.0, "published": true}, {"hash": "iSJdyKetXH0", "uri": "/contracts/iSJdyKetXH0#bonus", "label": "Employment Agreement (Applied Spectrum Technologies Inc)", "score": 21.0, "published": true}], "hash": "e5aee66743c8a13678b131f3a7eafb50", "id": 7}, {"snippet_links": [{"key": "annual-salary", "type": "definition", "offset": [19, 32]}, {"key": "the-executive", "type": "clause", "offset": [34, 47]}, {"key": "to-receive", "type": "definition", "offset": [65, 75]}, {"key": "annual-bonus", "type": "definition", "offset": [79, 91]}, {"key": "the-company", "type": "definition", "offset": [98, 109]}, {"key": "executive-bonus-plan", "type": "definition", "offset": [112, 132]}, {"key": "by-the-board", "type": "clause", "offset": [147, 159]}, {"key": "in-its-discretion", "type": "clause", "offset": [160, 177]}], "snippet": "In addition to the Annual Salary, the Executive will be eligible to receive an annual bonus under the Company's Executive Bonus Plan as determined by the Board in its discretion.", "size": 76, "samples": [{"hash": "lc0i4LbTiOt", "uri": "/contracts/lc0i4LbTiOt#bonus", "label": "Employment Agreement (Electronics for Imaging Inc)", "score": 18.0, "published": true}, {"hash": "kc1iU4lqVL0", "uri": "/contracts/kc1iU4lqVL0#bonus", "label": "Employment Agreement (Electronics for Imaging Inc)", "score": 18.0, "published": true}, {"hash": "jPb4wKTbJ1R", "uri": "/contracts/jPb4wKTbJ1R#bonus", "label": "Employment Agreement (Electronics for Imaging Inc)", "score": 18.0, "published": true}], "hash": "f924444ab471e7fc9e788de79a4ac280", "id": 6}, {"snippet_links": [{"key": "cash-payment", "type": "clause", "offset": [37, 49]}, {"key": "equal-to", "type": "definition", "offset": [50, 58]}, {"key": "target-annual-bonus", "type": "definition", "offset": [86, 105]}, {"key": "for-the-company", "type": "definition", "offset": [106, 121]}, {"key": "fiscal-year", "type": "clause", "offset": [124, 135]}, {"key": "effect-on-the", "type": "clause", "offset": [144, 157]}, {"key": "termination-of-employment", "type": "clause", "offset": [163, 188]}, {"key": "to-the-executive", "type": "clause", "offset": [217, 233]}, {"key": "the-payment", "type": "clause", "offset": [287, 298]}, {"key": "place-of", "type": "definition", "offset": [344, 352]}, {"key": "to-receive", "type": "definition", "offset": [428, 438]}], "snippet": "The Executive shall be entitled to a cash payment equal to 2.99 times the Executive\u2019s target annual bonus for the Company\u2019s fiscal year then in effect on the date termination of employment occurs, which shall be paid to the Executive sixty days following such termination of employment. The payment under this Section 8(e)(i)(b) shall take the place of any payment under Section 8(a)(ii) and the Executive shall not be entitled to receive a payment under Section 8(a)(ii) if the Executive is entitled to a payment under this Section 8(e)(i)(b).", "size": 64, "samples": [{"hash": "5r0BgXhXqSj", "uri": "/contracts/5r0BgXhXqSj#bonus", "label": "Executive Employment Agreement (Ross Stores, Inc.)", "score": 35.2436676025, "published": true}, {"hash": "8Pn4B4wH2rq", "uri": "/contracts/8Pn4B4wH2rq#bonus", "label": "Executive Employment Agreement (Ross Stores, Inc.)", "score": 34.9397659302, "published": true}, {"hash": "lIE4BMRBWyX", "uri": "/contracts/lIE4BMRBWyX#bonus", "label": "Executive Employment Agreement (Ross Stores, Inc.)", "score": 34.4414787292, "published": true}], "hash": "99cf2c640c855fec66879ae8a58230af", "id": 8}, {"snippet_links": [{"key": "participate-in", "type": "definition", "offset": [31, 45]}, {"key": "bonus-plan", "type": "definition", "offset": [50, 60]}, {"key": "the-bank", "type": "definition", "offset": [80, 88]}, {"key": "the-executive", "type": "clause", "offset": [98, 111]}, {"key": "to-executive", "type": "definition", "offset": [153, 165]}, {"key": "in-lieu-of", "type": "clause", "offset": [222, 232]}, {"key": "other-compensation", "type": "clause", "offset": [237, 255]}, {"key": "this-agreement", "type": "clause", "offset": [293, 307]}], "snippet": "Executive shall be entitled to participate in any bonus plan or arrangements of the Bank in which the Executive is eligible to participate. Nothing paid to Executive under any such plan or arrangement will be deemed to be in lieu of the other compensation to which Executive is entitled under this Agreement.", "size": 61, "samples": [{"hash": "dNPpJe6nTTb", "uri": "/contracts/dNPpJe6nTTb#bonus", "label": "Employment Agreement (CB Financial Services, Inc.)", "score": 34.1854896545, "published": true}, {"hash": "LpUmbYrVr", "uri": "/contracts/LpUmbYrVr#bonus", "label": "Employment Agreement (Kearny Financial Corp.)", "score": 33.4544830322, "published": true}, {"hash": "eEQSHcd2Pyq", "uri": "/contracts/eEQSHcd2Pyq#bonus", "label": "Employment Agreement (Kearny Financial Corp.)", "score": 30.6536617279, "published": true}], "hash": "a185a1f010ad01e334e3425a7a7d8076", "id": 9}, {"snippet_links": [{"key": "during-the-term-of-employment", "type": "clause", "offset": [0, 29]}, {"key": "to-receive", "type": "definition", "offset": [63, 73]}, {"key": "annual-bonus-paid", "type": "definition", "offset": [77, 94]}, {"key": "incentive-bonus-plan", "type": "clause", "offset": [124, 144]}, {"key": "incentive-compensation-plan", "type": "definition", "offset": [207, 234]}, {"key": "replacement-plan", "type": "clause", "offset": [243, 259]}, {"key": "in-effect", "type": "clause", "offset": [301, 310]}, {"key": "the-current", "type": "clause", "offset": [342, 353]}, {"key": "target-annual-bonus", "type": "definition", "offset": [354, 373]}, {"key": "performance-targets", "type": "clause", "offset": [451, 470]}, {"key": "of-the-executive", "type": "clause", "offset": [510, 526]}, {"key": "annual-salary-rate", "type": "clause", "offset": [544, 562]}, {"key": "annual-bonuses", "type": "clause", "offset": [564, 578]}, {"key": "in-accordance-with", "type": "definition", "offset": [632, 650]}, {"key": "applicable-bonus-plan", "type": "definition", "offset": [668, 689]}, {"key": "termination-for-cause-or-voluntary-termination", "type": "clause", "offset": [716, 762]}, {"key": "to-the-company", "type": "definition", "offset": [824, 838]}, {"key": "payment-of-the-bonus", "type": "clause", "offset": [841, 861]}, {"key": "the-company-will", "type": "clause", "offset": [883, 899]}, {"key": "rata-portion", "type": "definition", "offset": [990, 1002]}], "snippet": "During the Term of Employment, the Executive shall be eligible to receive an annual bonus paid under the Company\u2019s existing incentive bonus plan under which the Executive is eligible (which is currently the Incentive Compensation Plan) or any replacement plan that may subsequently be established and in effect during the Term of Employment. The current target annual bonus the Executive is eligible to earn upon achievement of 100% of all applicable performance targets under such incentive bonus plan is __% of the Executive\u2019s then effective annual salary rate. Annual bonuses are not earned until the date any such bonus is paid in accordance with the terms of the applicable bonus plan. As such, the Executive\u2019s termination for Cause or Voluntary Termination (as described in Sections 6(c) and 6(f), respectively) prior to the Company\u2019s payment of the bonus for a fiscal year of the Company will cause the Executive to be ineligible for any annual bonus for that fiscal year or any pro-rata portion of such bonus.", "size": 53, "samples": [{"hash": "kUKYvGed1Mz", "uri": "/contracts/kUKYvGed1Mz#bonus", "label": "Executive Employment Agreement (Ross Stores, Inc.)", "score": 33.4449005127, "published": true}, {"hash": "lsrUVGTYxuY", "uri": "/contracts/lsrUVGTYxuY#bonus", "label": "Executive Employment Agreement (Ross Stores, Inc.)", "score": 32.4291572571, "published": true}, {"hash": "fpderKQk4Cg", "uri": "/contracts/fpderKQk4Cg#bonus", "label": "Executive Employment Agreement (Ross Stores, Inc.)", "score": 32.4291572571, "published": true}], "hash": "1fb840e75798bd7d5b78bab3932bb622", "id": 10}], "next_curs": "Ck4SSGoVc35sYXdpbnNpZGVyY29udHJhY3RzcioLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2Ig5ib251cyMwMDAwMDAwYQyiAQJlbhgAIAA=", "clause": {"parents": [["compensation", "Compensation"], ["compensation-and-benefits", "Compensation and Benefits"], ["compensation-and-related-matters", "Compensation and Related Matters"], ["compensation-and-other-benefits", "Compensation and Other Benefits"], ["employment", "Employment"]], "size": 26691, "children": [["annual-bonus", "Annual Bonus"], ["upon-termination", "Upon Termination"], ["during-employment", "During Employment"], ["", ""], ["discretionary-bonus", "Discretionary Bonus"]], "title": "Bonus", "id": "bonus", "related": [["annual-bonus", "Annual Bonus", "Annual <strong>Bonus</strong>"], ["performance-bonus", "Performance Bonus", "Performance <strong>Bonus</strong>"], ["annual-incentive-compensation", "Annual Incentive Compensation", "Annual Incentive Compensation"], ["bonus-and-incentive-compensation", "Bonus and Incentive Compensation", "<strong>Bonus</strong> and Incentive Compensation"], ["annual-bonus-compensation", "Annual Bonus Compensation", "Annual <strong>Bonus</strong> Compensation"]], "related_snippets": [], "updated": "2026-05-17T05:43:39+00:00", "also_ask": [], "drafting_tip": "Specify bonus criteria and calculation methods to ensure transparency; set payment timelines to prevent disputes; define conditions for forfeiture to clarify employee entitlements.", "explanation": "A Bonus clause establishes the conditions under which an additional payment or reward is granted, typically as an incentive for exceeding certain performance targets or completing work ahead of schedule. This clause outlines the specific criteria that must be met to qualify for the bonus, such as achieving sales milestones, finishing a project before a deadline, or delivering exceptional results. Its core practical function is to motivate parties to perform at a higher level by offering a tangible financial incentive, thereby aligning interests and encouraging superior outcomes."}, "json": true, "cursor": ""}}