Example ContractsClausesannual performance bonusVariants
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Annual Bonus. You shall be eligible to receive an incentive bonus for each fiscal year of the Company that occurs during the Period of Employment (“Incentive Bonus”); provided, that, you must be employed by the Company at the time the Company pays its annual bonuses generally with respect to any such fiscal year in order to be eligible for an Incentive Bonus with respect to that fiscal year. Your Incentive Bonus amount for a particular fiscal year shall be determined by the Board (or a committee thereof) in its sole discretion, based on the Company’s achievement of certain performance objectives (which may include corporate, business unit or division, financial, strategic or other objectives) and your achievement of individual goals established with respect to that particular fiscal year by the Board (or a committee thereof) in consultation with you.

Annual Incentive Bonus. You shall be eligible to receive an incentive bonus forFollowing the end of each fiscal year ofand subject to the Company that occurs during the Period of Employment (“Incentive Bonus”); provided, that, you must be employedapproval by the Company at the time the Company pays its annual bonuses generally with respect to any such fiscal year in order to be eligible for an Incentive Bonus with respect to that fiscal year. Your Incentive Bonus amount for a particular fiscal year shall be determined by theCompany’s Board (or a committee thereof)of Directors in its sole discretion, you will be eligible to earn an incentive bonus, based on your performance and the Company’Company’s achievementperformance, each during the applicable fiscal year, and subject to your continued employment in good standing on the date of certain performance objectives (which may include corporate, business unit or division, financial, strategic or other objectives) andpayment of such incentive bonus. Your target annual incentive bonus opportunity shall be up to 40% of your achievementbase salary. Because of individual goals establishedyour start date, in accordance with respect to that particular fiscalthe Company’s policy, the first year by the Board (oryou will be eligible for a committee thereof) in consultation with you.bonus is 2023.

Annual Bonus. You shall be eligiblewill have the opportunity to receiveearn an incentiveannual cash bonus of up to thirty percent (30%) of your base salary for each fiscal year of the Company that occurs during the Period of Employment (“Incentive Bonus”); provided, that, you must be employed by the Company at the time the Company pays its annual bonuses generally with respect to any such fiscal year in order to be eligible for an Incentive Bonus with respect to that fiscal year. Your Incentive Bonus amount for a particular fiscal year shall be determined by the Board (or a committee thereof) in its sole discretion, based on the Company’s achievement of certain performance objectives (which may include corporate, business unit or division, financial, strategic or other objectives)objectives, which you and your achievement of individual goals established with respect to that particular fiscal year by the Board (or a committee thereof)will mutually establish. Such bonus payment is subject to your continued employment through and until the date of payment. The bonus will be paid no later than March 15 of the year following the year in consultation with you.which such bonus was earned.

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