Base Salary and Performance Bonus Sample Clauses
The 'Base Salary and Performance Bonus' clause defines the employee's regular compensation and outlines the conditions for earning additional incentive pay based on performance. Typically, it specifies the fixed annual or monthly salary amount and details the criteria, metrics, or targets that must be met to qualify for a performance bonus, such as achieving sales goals or completing projects ahead of schedule. This clause ensures both parties have a clear understanding of the employee's total potential earnings and the expectations tied to bonus eligibility, thereby promoting transparency and motivating performance.
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Base Salary and Performance Bonus. For all services rendered by Executive under this Agreement, Employer shall pay to Executive during and with respect to the Employment Period, and Executive agrees to accept (in full payment), Base Salary and Performance Bonus, all as more fully described on Exhibit A, as well as the other benefits referred to in subsection 4.03, 4.04 and 4.05 below.
Base Salary and Performance Bonus
Base Salary and Performance Bonus. As a full-time employee in this exempt position your compensation will be calculated at a rate equal to an annual salary of $750,000 (less payroll taxes and required withholdings) paid semi-monthly subject to any increase approved by the ICO Compensation Committee. You will also be eligible for an annual discretionary bonus of up to 100% of your annual salary based on performance criteria as approved by ICO’s Compensation Committee and contingent upon your continuous service with the company through the date any bonus is paid.
Base Salary and Performance Bonus. Employee’s starting base salary shall be $200,000 per year, payable in equal installments in accordance with Employer’s standard payroll practice, less customary or legally required withholdings and any setoffs necessary to satisfy any debt owed by Employee to Employer. Employer may, in its sole discretion, increase Employee’s base salary, as and when Employer deems appropriate. Employer’s Compensation Committee shall, no less frequently than annually, consider Employee’s eligibility for payment of a bonus based on Employee’s performance, as, when, and in an amount determined by the Compensation Committee and/or Board in its sole discretion. Both parties agree that, assuming his full achievement of all relevant performance criteria and any milestones established by the Compensation Committee and/or Board and agreed to by Employee, Employee shall have a target bonus of at least 100% of his base salary specified above and 100,000 Incentive options and that the Compensation Committee shall consider this target bonus when determining the amount of Employee’s bonus per year.
Base Salary and Performance Bonus. From the effective date hereof, Employee shall receive for the term of this Agreement a salary based on an annual rate of $120,000, payable in equal semi-monthly installments, subject to such deductions as may be required by law. The Employee will receive performance reviews at least annually at the end of each fiscal year from the Chairman of the Bank Board, and the Employee's base salary may be increased but not decreased at the sole discretion of the Bank Board. Furthermore, Employee shall be entitled to an annual monetary performance bonus that is commensurate with the Employee's performance for the calendar year earned, and payable no later than January 15th of each year.
Base Salary and Performance Bonus. From the effective date hereof, Employee shall receive for the term of this Agreement a salary based on an annual rate of $110,000, payable in equal semi-monthly installments, subject to such deductions as may be required by law. In addition, the Employee shall be paid an Automobile Allowance of $500 per month. The Employee will receive performance reviews at least annually at the end of each fiscal year from the Chairman of the Bank Board, and the Employee’s base salary may be increased but not decreased at the sole discretion of the Bank Board. Furthermore, Employee shall be entitled to an annual monetary performance bonus that is commensurate with the Employee’s performance for the calendar year earned, and payable no later than January 15th of each year.
Base Salary and Performance Bonus. You will be paid a base salary of $170,000 per year. Your salary will be payable in accordance with the Company’s standard payroll policies (subject to normal required withholding). You will also receive a vacation and benefits plan.