Bonus Types Clause Samples

The 'Bonus Types' clause defines the various forms of additional compensation that may be awarded beyond regular salary or fees. It typically outlines the criteria for earning different types of bonuses, such as performance-based, sign-on, or retention bonuses, and may specify how and when these bonuses are calculated and paid. By clearly categorizing and describing the conditions for each bonus type, this clause ensures transparency and sets expectations for both parties regarding extra compensation.
Bonus Types 
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Related to Bonus Types

  • Performance Criteria The Performance Criteria are set forth in Exhibit A to this Agreement.

  • Performance Pay In accordance with Section 8 of the General Appropriations Act for Fiscal Year 2020-2021, contingent upon the availability of funds and at the Agency Head’s discretion, each agency is authorized to grant merit pay increases based on the employee’s exemplary performance, as evidenced by a performance evaluation conducted pursuant to Rule 60L-35, Florida Administrative Code.

  • Performance Measure Grantee will adhere to the performance measures requirements documented in

  • Annual Performance Bonus During the Employment Term, the Executive shall be entitled to participate in the STIP, with such opportunities as may be determined by the Chief Executive Officer in his sole discretion (“Target Bonuses”), and as may be increased (but not decreased, except for across-the-board reductions generally applicable to the Company’s senior executives) from time to time, and the Executive shall be entitled to receive full payment of any award under the STIP, determined pursuant to the STIP (a “Bonus Award”).

  • 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.