KPI Bonus Sample Clauses
A KPI Bonus clause establishes the conditions under which an employee or contractor is eligible to receive additional compensation based on the achievement of specific Key Performance Indicators (KPIs). Typically, this clause outlines the relevant performance metrics, the measurement period, and the method for calculating the bonus amount if the targets are met or exceeded. By clearly defining the criteria and process for earning a performance-based bonus, the clause incentivizes high performance and aligns individual objectives with organizational goals.
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KPI Bonus. Executive shall be eligible to earn a periodic bonus (“Bonus”) based upon performance objectives as may be set forth to be pre-determined by the Company and provided to Executive. The Bonus shall be weighted 35% for personal performance and 65% for performance with respect to Company, or departmental key performance indicators as reasonably set out by the Company in good faith. Bonuses shall be tiered as “low” at 35% of Base Salary, “standard” at 50% of Base Salary, and “high,” which shall be at least 75% of Base Salary. Subject to Sections 6.2 and 6.3 related to payments upon certain terminations of employment, any Bonus, if earned, will be paid at the same time bonuses are generally paid to other similarly-situated employees of the Company. Bonuses for less than one full calendar year shall be pro-rated.
KPI Bonus. For each of the Company’s fiscal year during the Employment Period, Xykis shall be eligible to participate in any Company Key Performance Indicator (“KPI”) plan in accordance with the terms and conditions of such plan, if any, with a target KPI equal to 50% of his Base Salary or as generally determined by the Company for the overall KPI plan .
KPI Bonus. For each of the Company’s fiscal years during the Employment Period, Employee shall be eligible to participate in any Company Key Performance Indicator (“KPI”) plan in accordance with the terms and conditions of such plan, if any, with a target KPI bonus equal to 50% of his Base Salary or as determined by the Company Board of Directors. Employee will be eligible to participate in the 2022 KPI plan for the remainder of 2022 on a prorate basis from the Effective Date.
KPI Bonus. A bonus payment will be made each year based on Key Performance Indicators (KPIs) for the period 1 August to 31 July each year. Payment will be made in November each year of the life of the Agreement. The amount of the payment will be determined on the basis of the following: Fonterra Brands Western Australia Objectives 2.00% Department Objectives Department KPIs to be distributed as follows:- Quality Measure = 0.75% Safety Measure = 0.75% Financial Measure = 0.75% Delivery Measure = 0.75% 3.00% An additional 5% stretch component will be available if the 5% target component is “substantially achieved”. For the purposes of assessing entitlement to the stretch component, “substantially achieved” will mean 3 of the 4 department KPIs are 100% achieved against budget. The 5% stretch component of the bonus is based on achieving savings in the relevant department through continuous improvements initiatives.
KPI Bonus. For each of the Company’s fiscal year during the Employment Period, Executive shall be entitled to participate in any Company Key Performance Indicator (“KPI”) plan in accordance with the terms and conditions of such plan, if any, with a target KPI bonus equal to 50% of his Base Salary. Initial goals and objectives will be established within ninety (90) days after the Effective Date.
KPI Bonus. By agreeing to allow the Company to buy out the current KPI bonus, employees will be paid an additional weekly payment as follows: $8.00 on 1 January 2005 $8.00 on 1 January 2006 $8.00 on 1 January 2007
KPI Bonus. A KPI bonus shall be paid to employees covered by this agreement based on Safety $ Cost of workers compensation claims in Quality of product % First quality bricks $ Cost of complaints Efficiency Extruder Efficiency Bricks produced per man per week Attendance Days absent During the life of the agreement employees will receive a weekly payment in accordance with the Key Performance Indicators set out in the KPI matrix. The KPIs will be reviewed every three months and the payment will be based on efficiency gains sustained during the three months.
KPI Bonus. A KPI Bonus, additional to the above-mentioned automatic pay increase, is payable to all Employees who meet or exceed the KPI Bonus requirements as prescribed in the following pages of this Schedule appropriate to their work area (see Clause 3.1.3 and 3.1.4). The KPI Bonus is separate from the Minimum Standards. Attainment of the KPI’s necessary to attract the KPI Bonus is not a requirement, but employees are encouraged to improve their performance, thereby gaining the additional KPI Bonus benefit. The KPI Bonus will not be used by the Company as a performance requirement for each Employee in terms of continual employment. See also Clause 3.5, in particular, 3.5.2, 3.5.3 and 3.5.5.
1. CUSTOMER SATISFACTION: Minimum Standard = Nil customer complaints received per quarter KPI Bonus = As above
KPI Bonus. For each of the Company’s fiscal year during the Employment Period, ▇▇▇▇▇▇ shall be entitled to participate in any Company Key Performance Indicator (“KPI”) plan in accordance with the terms and conditions of such plan, if any, with a target KPI bonus equal to 60% of his Base Salary. Initial goals and objectives will be established within ninety (90) days after the Effective Date. A portion of the KPI bonus for the Company’s 2017 fiscal year shall be paid to ▇▇▇▇▇▇ in $12,500 installments on each of June 15, 2017, September 15, 2017, December 15, 2017 and March 15, 2018; provided that ▇▇▇▇▇▇ is an employee in good standing of the Company on each of the foregoing payment dates.
KPI Bonus. A 1 increase on wage rates will be paid in the first year of this agreement as an off set for the absorption of the Bringelly KPI Bonus.