Common use of Performance Based Bonus Clause in Contracts

Performance Based Bonus. You will be eligible to participate in the Internap’s annual incentive plan as in effect for any calendar year during the Term (“Incentive Plan”), which is based on the achievement of company goals established by senior management and approved by the Board of Directors, as well as your individual performance. Your initial bonus opportunity under the Incentive Plan will be up to 37% of your annual base salary, subject to the terms of the Incentive Plan and pro-rated for the length of your employment by Internap as a portion of the full fiscal year.

Appears in 4 contracts

Sources: Employment Agreement (Internap Network Services Corp), Employment Agreement (Internap Network Services Corp), Employment Agreement (Internap Network Services Corp)

Performance Based Bonus. You will be eligible to participate in the Internap’s annual incentive plan as in effect for any calendar year during the Term (“Incentive Plan”), which is based on the achievement of company goals established by senior management and approved by the Board of Directors, as well as your individual performance. Your initial bonus opportunity under the Incentive Plan will be up to 3750% of your annual base salary, subject to the terms of the Incentive Plan and pro-rated for the length of your employment by Internap as a portion of the full fiscal year.

Appears in 1 contract

Sources: Employment Agreement (Internap Network Services Corp)