Indirect Bonus Eligibility Clause Samples
The Indirect Bonus Eligibility clause defines the conditions under which individuals or entities may qualify for a bonus based on indirect contributions or results, rather than direct performance metrics. Typically, this clause outlines scenarios where bonuses are awarded for achievements such as team performance, referrals, or the success of projects to which the individual contributed indirectly. By specifying these eligibility criteria, the clause ensures that all contributors are fairly considered for bonus compensation, addressing the issue of recognizing and rewarding collaborative or supportive roles that impact overall success.
Indirect Bonus Eligibility. In the event that the number of eligible employees electing this option is less than the number of employees directly adversely affected by the Company’s announced action, opportunities to elect Special Voluntary Layoff Bonus under Section 4(c) shall arise, up to the number of positions directly adversely affected by the transfer of work, the discontinuance of a discrete, unreplaced product line, or the introduction of an automated manufacturing or office machine. To be eligible an employee must be in a classification that is reduced due to displacement as a result of an announced Company action described above, and otherwise meets the criteria established in Section 4(c). Such displacement is hereby deemed to be a reduction of force of indefinite duration.