Performance Bonus Adjustment Clause Samples
A Performance Bonus Adjustment clause defines how an employee’s or contractor’s bonus may be increased or decreased based on the achievement of specific performance targets or metrics. Typically, this clause outlines the criteria for measuring performance, the method for calculating adjustments to the bonus, and the timing of such evaluations. By clearly establishing the link between performance and compensation, the clause incentivizes desired outcomes and ensures transparency in how bonuses are awarded or modified.
Performance Bonus Adjustment. If the contract con- tains performance bonuses, regardless of whether or not any portion of the bonus is earned, the Club has the option of either adding the entire bonus (both earned and unearned portions) in the Base Salary, or excluding it from the Base Salary but repeating the bonus on the same terms.
Performance Bonus Adjustment. If the year of the multi-year contract at issue contains performance bonuses, they shall be treated in the same manner as in paragraph 2(a)(iv) above.