Optional Bonus Sample Clauses
The Optional Bonus clause allows for the payment of additional compensation to a party if certain conditions or performance targets are met. Typically, this clause outlines the criteria for earning the bonus, such as exceeding sales goals, completing a project ahead of schedule, or achieving specific milestones. Its core practical function is to incentivize exceptional performance and provide flexibility for rewarding achievements beyond the standard terms of the agreement.
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Optional Bonus. Employee shall also be elligible to receive a cash bonus for each Company fiscal year of up to fifty percent (50%) of the Base Salary, which bonus shall be granted in the sole and absolute discretion of the Board of Directors or a designated committee thereof.
Optional Bonus. Employee shall receive such annual bonus as the Employer determines in its sole discretion, provided such bonus, if any, shall be based on performance of Employee and shall be commensurate with bonuses received by other employees of Employer at a level substantially similar to that of Employee.
Optional Bonus. The CEO may receive a cash bonus to a gross amount of USD50,000.00 at each calendar year’s end (December 31) at the Chairman’s pleasure (inclusive of the 13th month bonus) which will be linked to Company and CEO performance. Applicable deductions and withholdings shall be made to such gross amounts.
Optional Bonus. The Executive shall also be eligible to receive a cash bonus for each Company fiscal year, which bonus shall be granted in the sole and absolute discretion of the Board (which may set performance goals by which the Executive may earn any such bonus).