Sales Bonus Clause Samples
A Sales Bonus clause establishes the conditions under which employees are eligible to receive additional compensation based on their sales performance. Typically, this clause outlines specific sales targets or quotas that must be met within a defined period, and details the calculation and timing of bonus payments. By clearly defining the criteria and process for awarding bonuses, this clause incentivizes strong sales performance and ensures transparency in how extra compensation is earned.
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Sales Bonus. Based on Fortnightly sales for the Store, cumulatively calculated as follows: Fortnightly Sales Payment of % of Fortnightly Sales $0 - $280,000 0.100% $280,000 - $465,000 0.075% $465,000 - $695,000 0.050% >$695,000 0.025% For example: Fortnightly sales of $400,000 would result in a payment of:
Sales Bonus. Commencing January 1, 1998, the Company shall pay the Employee a bonus equal to 1% of the consolidated sales of the Company and its Subsidiaries in excess of $30 million, provided that the PTP exceeds the PTP Threshold. The Company may, in its sole discretion, advance monthly to Employee any amounts which would otherwise be due to Employee under this paragraph (c) assuming that the PTP Threshold for such year is achieved.
Sales Bonus. In addition to the Base Salary, Executive shall be eligible to receive a monthly cash bonus (the “Sales Bonus”) in the amount of one percent (1%) of gross revenue from sales, due and payable on the 30th day of the succeeding month. Notwithstanding the foregoing, the initial Sales Bonus shall accrue and only be due and payable on the 30th day of the month after the Company achieves One Million Dollars ($1,000,000) per month in gross revenue from sales.
Sales Bonus. Company shall pay University one-time bonuses in the amount of [***] in the event that cumulative worldwide gross sales of Licensed Products by Company and its Affiliates and Sublicensees exceeds [***] and an additional [***] in the event that cumulative worldwide gross sales of Licensed Products by Company and its Affiliates and Sublicensees exceeds [***]. Such amount shall be due and payable within sixty (60) days after the conclusion of the Royalty Period in which such revenue milestone is achieved.
Sales Bonus. The Company may pay Executive a sales bonus (the "Sales Bonus"). The Sales Bonus shall be as decided by the Board of Directors from time to time at its sole discrection.
Sales Bonus. If the Company achieves at least $65,000,000 in sales in any fiscal year covered by this Agreement, then the Executive shall receive a $40,000 bonus within a reasonable time after the end of such fiscal year. If the Company achieves at least $80,000,000 in sales in any fiscal year covered by this Agreement, then the Executive shall receive an $80,000 bonus.
Sales Bonus. 3.1.1. Partner shall be paid the percentage specified in Subscription Terms of the amount paid by the customer to Dokobit for the first year (12 months). A period of 12 months is counted starting from the 1st day of the month a production token was issued.
3.1.2. Partner shall be paid the percentage specified in Subscription Terms of the amount paid by the customer to Dokobit for the second and following years until an agreement with the customer and Partnership Agreement are valid.
3.1.3. Reselling agreements are not included in calculations of a Sales Bonus.
Sales Bonus. 12.1 If after the signing of this agreement and for an unlimited period, a ‘transaction’ is carried out, as defined below, Hold Me shall be entitled to a bonus of 15% of the total payment received in the framework of the transaction, minus the actual establishment fees paid as detailed in paragraph 5.1.1 above and the actual establishment fees, as detailed in paragraph 7.1.
1. In this paragraph, a ‘transaction’ means selling of a share, issuing a share, sale of a business activity, etc., whether in one transaction or in a series of transactions, including each one of the below: a. A transaction in the framework of which Galileo’s control and/or its subsidiary is sold to a third party. b. A transaction in the framework of which Galileo and/or its subsidiary merge with another company - including reverse merging. c. A transaction in which the subsidiary is issued in a stock exchange in Israel or abroad. d. A transaction in the framework of which most (or more) of its assets and/or business activities are sold to a third party. e. A transaction in the framework of which a subsidiary’s shares are sold, including Hold Me’s activity f. A transaction and/or series of transactions after which the subsidiary ceases to be under the full ownership of Galileo. In this paragraph, ‘exchange’ means the total payments, rights, assets, share - whether in cash or cash value, received in the framework of the transaction by Galileo and/or by its shareowners. In cases in which an exchange is not received - the bonus shall be calculated as 15% of the total value of the subsidiary that includes the activity.
12.2 Upon Galileo’s and/or its subsidiary’s achievement of an overall cumulative gross profit of 50 million NIS for the commercialization of the technology, Hold Me shall be entitled to receive a bonus at a rate of 3% of the total aforementioned gross profit.
Sales Bonus. Based on Fortnightly sales for the Store, cumulatively calculated as follows: Fortnightly Sales Payment of % of Fortnightly Sales $0 - $280,000 0.0660% $280,000 - $465,000 0.0440% $465,000 - $695,000 0.0330% >$695,000 0.0165% For example: Fortnightly sales of $400,000 would result in a payment of: (0.0660% x $280,000) + (0.0440% x $120,000) = $184.80+ $52.80 = $237.60 Fortnightly sales of $800,000 would result in a payment of: (0.0660%x$280,000) + (0.0440%x$185,000) + (0.0330%x$230,000) + (0.0165%x$105,000) = $184.80 + $81.40 + $75.90 + $17.33 = $359.43 Employees acknowledge that the method by which the Business Review Payment is calculated is subject to the complete discretion of ALDI. ALDI has the right at any time to vary the above formulas. Superannuation will be calculated in accordance with legislation and will include any Business Review Payment payable. Assistant Store Managers engaged to work an average of fewer than 50 hours per week will receive a pro rata Business Review Payment based on the proportion of hours worked to 50 hours. For example, an Employee engaged to work an average of 40 hours a week would receive 80% of the above calculation.
Sales Bonus. To the extent the amounts payable to AOL in any quarter that are applied to the Minimum Commitment exceed one AOL CONFIDENTIAL AND PROPRIETARY Final SUN CONFIDENTIAL AND PROPRIETARY CONFIDENTIAL INFORMATION OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION. ASTERISKS (*) DENOTE SUCH OMISSIONS. hundred twenty-five percent (125%) of the applicable Minimum Commitment for such quarter as set forth in Section 4.5, Sun shall, in addition to any other amounts payable by Sun to AOL, pay to AOL a bonus equal to*** of the amount by which such amounts payable to AOL exceed one hundred twenty-five percent (125%) of the applicable Minimum Commitment for such quarter.