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.
Appears in 5 contracts
Sources: Employment Agreement (Evolution Metals & Technologies Corp.), Employment Agreement (Evolution Metals & Technologies Corp.), Employment Agreement (Evolution Metals & Technologies Corp.)