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.
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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.
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Related to Weekly Bonus

  • Annual Incentive Bonus The Company shall, in addition to Executive’s Base Salary, pay Executive an Annual Incentive Bonus, which shall be payable within 120 days of the end of each fiscal year in accordance with the formula set forth on Exhibit A, attached hereto and made a part hereof.

  • Annual Incentive Payment The Executive shall participate in the Company's Management Incentive Plan (or such alternative, successor, or replacement plan or program in which the Company's principal operating executives, other than the Chief Executive Officer, generally participate) and shall have a targeted incentive thereunder of not less than $240,000 per year; provided, however, that the Executive's actual incentive payment for any year shall be measured by the Company's performance against goals established for that year and that such performance may produce an incentive payment ranging from none to 200% of the targeted amount. The Executive's incentive payment for any year will be appropriately pro-rated to reflect a partial year of employment.

  • Cash Incentive Bonus The pro rata share of any Cash Incentive Bonus that would have been paid to the Executive had the Executive not been terminated Without Cause based on the extent to which performance standards are met on the last day of the year in which the Executive is terminated Without Cause.

  • Annual Bonus Compensation Executive shall be eligible to receive a bonus each Contract Year (“Annual Bonus”) as the Compensation Committee of the Board of Directors shall determine. Executive’s Annual Bonus shall be determined in accordance with the Company’s executive compensation policies as in effect from time to time during the Term and shall be based, in part, on his achieving his individual performance goals for the year and, in part, on the Company’s achieving its performance goals for the year.

  • Annual Bonus In addition to Annual Base Salary, Executive shall be awarded, for each fiscal year ending during the Employment Period, an annual bonus (the “Annual Bonus”) in cash at least equal to Executive’s highest annual bonus for the last three full fiscal years prior to the Effective Date (annualized in the event that Executive was not employed by the Company for the whole of such fiscal year). Each such Annual Bonus shall be paid no later than the end of the third month of the fiscal year next following the fiscal year for which the Annual Bonus is awarded, unless Executive shall elect to defer the receipt of such Annual Bonus.