Example ContractsClausesannual discretionary bonus programVariants
Annual Discretionary Bonus Program
Annual Discretionary Bonus Program contract clause examples

Annual Incentive Bonus. You will be eligible to receive an annual incentive bonus, under the Company's Annual Executive Incentive Program ("AEIP"), with a target of 100% of your Base Salary, determined and paid in accordance with the Company's normal procedures.

Annual Incentive Bonus. You will be eligible to receive an annual incentive bonus, under the Company’s Annual Executive Incentive Program or any successor or replacement program, with each year’s Annual Bonus having a target of 100% of your Base Salary (“AEIP Target”), which shall be determined and paid in accordance with the Company’s normal procedures. For the 2020 performance year, you will be eligible for a pro-rated bonus, payable based on Aviation’s actual results relative to the established metrics.

In addition to salary and benefits, you will be eligible to participate in our executive annual and long term incentive compensation programs. The Executive Annual Incentive Plan (EAIP) will provide you the opportunity to earn an incentive award based on company performance against pre-established goals and targets as well as individual performance. The annual target award opportunity under this program for your position is 60% of your annual salary and the maximum opportunity is 105%. Awards are prorated for partial year participation. Employees hired after September 30th of the current plan year are not eligible to participate in the EAIP until the following plan year.

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