Target Compensation Clause Samples
The Target Compensation clause defines the total expected annual earnings for an employee, typically including base salary, bonuses, and other incentive payments. This clause outlines how compensation is structured, specifying the components and any performance metrics or conditions tied to variable pay. Its core practical function is to set clear expectations for both employer and employee regarding pay, reducing misunderstandings and aligning incentives with organizational goals.
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Target Compensation. “Target Compensation” shall mean the total of all fixed and variable cash compensation due a Covered Person based upon one hundred percent (100%) attainment of performance levels.
Target Compensation. For purposes of this Agreement, “Target Compensation” means the Employee’s salary at the time of separation of employment, plus any bonus that the Employee would have earned for that year had the targets for such bonuses been met.
Target Compensation. Target will not make any compensation decisions outside the ordinary course of its business except for hiring additional employees and consultants in furtherance of its business.
Target Compensation. Target Compensation" shall mean the total of all fixed and variable compensation due an Employee based upon 100% attainment of performance levels.
Target Compensation. Executive’s total annual compensation (the sum of Base Salary, Incentive Bonus and equity compensation) is initially targeted to range between the 25th and 50th percentile of the Company’s peer group, as determined annually by the Compensation Committee.
Target Compensation. “Target Compensation” shall mean the sum of Executive’s Base Salary and Target Bonus. For the avoidance of doubt, Target Bonus shall mean the annual bonus which Executive is eligible to earn in a fiscal year irrespective of whether such annual bonus is actually earned for such fiscal year.
Target Compensation. “Target Compensation” shall mean the sum of Executive’s Base Salary and Target Bonus.
Target Compensation. Executive shall receive for services to be rendered hereunder an annualized target compensation of $405,600, subject to standard deductions and withholdings (the “Target Compensation”). The Target Compensation consists of a Base Salary and a Target Variable Compensation.
Target Compensation. At the commencement of your employment with Progress Software, your compensation will consist of a semi-monthly salary of $7,291.67, ($175,000 on an annualized basis). You will participate in a fiscal year 2005 bonus program with an annualized target incentive of $75,000, which yields a total target compensation of $250,000 at 100% of plan. You will receive additional information regarding the bonus program after you join. This bonus will be prorated from the close date of the Acquisition.
Target Compensation. Mr. Crate will receive annualized target compensation, on an all-cash basis, commensurate with Mr. Crate’s historical levels (inclusive of bonus, incentives and equity awards), subject to Mr. Crate’s satisfactory transition of his Chief Financial Officer/Treasurer duties to a successor, complete fulfillment of all of his obligations hereunder, successful financial performance of the Company overall, and appropriate proration to reflect his services in the 2011 year, each as determined by the Company’s Board of Directors in its sole discretion. It is anticipated that the additional target compensation will be paid at the time bonus compensation is customarily paid to the Company’s management.