Weekly Bonus Clause Samples
The WEEKLY BONUS clause establishes the terms under which an employee or contractor is eligible to receive additional compensation on a weekly basis, typically as an incentive for meeting or exceeding specific performance targets. This clause outlines the criteria for earning the bonus, such as achieving sales goals, completing projects ahead of schedule, or maintaining high-quality work standards, and specifies the amount or method of calculation for the bonus. Its core practical function is to motivate consistent high performance and reward productivity, thereby aligning the interests of the individual with those of the organization.
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Weekly Bonus. The value of the bonus will equal to the district average bonus as calculated from year to year. Bonus will be paid on all authorised leave and on accident pay for the first 39 weeks.
Weekly Bonus. For the period March 18, 1996 through March 18, 1997, Employee shall be eligible for a bonus of Four Hundred Eighty Dollars and Seventy-Seven Cents ($480.77) to be earned and paid on a weekly basis, based on Employee's continued employment during each applicable week and satisfactory performance of Employee's duties, as determined by Employer.