Bonus definition
Examples of Bonus in a sentence
The Compensation Committee may review the maximum Target Bonus on a percentage basis annually and may provide for such changes thereto as it may determine, taking into account such performance metrics and criteria of the Executive and of the Company (including peer group comparisons) in the Compensation Committee’s sole discretion.
The Target Bonus shall be increased from up to a maximum amount of thirty five percent (35%) of Executive’s Base Salary for performance at the maximum level, to up fifty percent (50%) of Executive’s Base Salary for performance at the maximum level, commencing for the 2026 fiscal year.
The Annual Bonus, if any, will be paid to Executive no later than March 15 of the calendar year following the calendar year for which the Board certifies in writing that performance goals have been met.
The actual amount of any Annual Bonus shall be determined by the Board (or a subcommittee thereof) in its discretion, based on the achievement of individual and/or Company annual performance goals established by the Board (or a subcommittee thereof) for the applicable calendar year.
In order to be eligible to receive an Annual Bonus, Executive must be employed by the Company on the last day of the applicable calendar year.