Example ContractsClausesBase Salary and Bonus
Base Salary and Bonus
Base Salary and Bonus contract clause examples

Base Salary and Bonus. Your base salary will be at the rate of $11,875.00 per pay period (equivalent to $285,000 annualized) less all applicable taxes and withholdings, to be paid in installments in accordance with the Company’s regular payroll practices. Your base salary may be adjusted in the sole discretion of the Company from time to time in accordance with normal business practices. Following the end of any calendar year in which you are employed by the Company, and subject to the approval of the Company's Board of Directors (the “Board”), you may from time to time be eligible for a discretionary bonus, to be paid in that subsequent year in accordance with the Company’s customary practices, of up to 30% of your then current annualized base salary. Any such bonus award would be based on both you and the Company achieving certain performance objectives for that calendar year. The establishment of the bonus criteria and whether the same has been achieved shall be determined by the Company in its sole discretion. You must be an active employee of the Company on the date the bonus is distributed in order to be eligible for and to earn any bonus award, as it also serves as an incentive to remain employed by the Company. You will be eligible for this annual bonus award beginning with 2018 calendar year performance – your 2018 bonus will not be pro-rated.

Base Salary and Bonus. In consideration of the services to be rendered under this Agreement, the Company shall pay Employee a base salary at the rate of THREE HUNDRED SEVENTY FIVE THOUSAND DOLLARS ($375,000) per year (“Base Salary”) with a target bonus of up to 40%, subject to meeting corporate and individual goals.

BASE SALARY AND BONUS. The Company agrees to pay the Executive a base salary at the rate of $25,000 per monthly pay period which if annualized equals $300,000 (the “Base Salary”), to be paid in accordance with the Company’s normal payroll procedure and policies. Such base salary may be adjusted from time to time in accordance with normal business practices and in the sole discretion of the Company. Following the end of each calendar year that the Executive is employed by the Company, commencing with the calendar year 2012, the Executive may be eligible to receive a discretionary performance bonus of up to thirty percent (30%) of his then current annual Base Salary. The bonus, if any, will be based on both individual and corporate performance goals and will be determined by the Board in its sole discretion. In order to be eligible for a bonus, if any, the Executive must be an active employee of the Company on the date such bonus is distributed. Any bonus payable to the Executive under this Agreement will be paid no later than March 15 of the calendar year following the calendar year in which such bonus is earned and approved by the Board. All compensation payable to the Executive pursuant to this Agreement shall be subject to applicable taxes and withholdings.

Base Salary and Bonus. Your base salary will be at the rate of $14,583.33 per monthly pay period (which if annualized equals $175,000), less all applicable federal, state and local taxes and withholdings, to be paid in installments in accordance with the Company’s regular payroll practices (which shall not be less than twice per month). Your base salary may be adjusted in the sole discretion of the Company from time to time in accordance with normal business practices. Following the end of any calendar year in which you are employed by the Company, and subject to the approval of the Company’s Board of Directors (the “Board”), you may from time to time be eligible for a discretionary annual bonus award of up to 20% of your base salary. Any such bonus award would be based on both you and the Company achieving certain performance objectives, as determined by the Company in its sole discretion.

Base Salary and Bonus. As compensation for the Executive’s services under this Agreement, the Executive shall receive, and the Company shall pay, a weekly base salary set forth on Exhibit “A.” Such base salary may be increased, but not decreased, during the Term in the Company’s discretion based upon the Executive’s performance and any other factors the Company deems relevant. Such base salary shall be payable in accordance with the policy then prevailing for the Company’s executives. In addition to such base salary, the Executive shall be entitled during the Term to a performance bonus and shall be eligible to participate in and receive payments or awards from all other bonus and other incentive compensation, stock option, and restricted stock plans as may be adopted by the Company, all as determined by the Compensation Committee of the Board of Directors in its sole discretion, and, in each case, payable to Executive in accordance with the terms and conditions of the applicable plan.

Base Salary and Signing Bonus. The Company shall pay the Executive an annual rate of base salary of $300,000 in periodic installments in accordance with the Company’s customary payroll practices and applicable wage payment laws. The Executive’s base salary may be reviewed from time to time by the Board, and the Board may, but shall not be required to, increase the base salary during the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary.” In addition to the Base Salary, the Company shall pay the Executive a one-time signing bonus in the amount of $12,500, less applicable withholdings, on December 24, 2020.

Base Salary and Signing Bonus. The Company shall pay the Executive an annual rate of base salary of $270,000 in periodic installments in accordance with the Company’s customary payroll practices and applicable wage payment laws. The Executive’s base salary may be reviewed from time to time by the Board, and the Board may, but shall not be required to, increase the base salary during the Employment Term. The Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as “Base Salary.”

Base Salary and Signing Bonus. Your base salary will be $180,000.00 per annum, paid to you in bi-weekly payments in arrears on the last Friday of each two week period. In addition, you will receive a bonus upon the date of commencement of your employment with the Company in the amount of $25,000.00 (the “Signing Bonus”). If your employment with the Company is terminated for any reason by you within 12 months of the date your employment commences with the Company, you shall immediately repay in full to the Company the $25,000 Signing Bonus. In addition, if your employment with the Company is terminated for cause by the Company, you shall immediately repay in full to the Company the $25,000 Signing Bonus. For purposes of this section “cause” shall mean:

Base Salary; Target Bonus. Employee shall receive cash severance in an amount equal to the sum of # Employee’s annual base salary (as in effect immediately prior to any reduction giving rise to Good Reason, if applicable) for twelve (12) months (the “CIC Severance Period”) and # the Target Bonus (as defined above). The cash amount shall be paid, less applicable tax withholdings, in equal installments on the Company’s regular payroll schedule during the period commencing on the date of Employee’s termination under this Section 11(c) and continuing through the CIC Severance Period, provided, that no payment shall be made prior to the Initial Payment Date. On the Initial Payment Date, the Company shall pay Employee in a lump sum the cash amount that Employee would have received on or prior to the Initial Payment Date under the original schedule but for the delay while waiting for Initial Payment Date in compliance with Section 409A and the effectiveness of the Release (as defined below), with the balance of the cash amount being paid as originally scheduled. Notwithstanding the foregoing, the Company, in its sole and absolute discretion, may pay the cash amount in the form of a lump sum, which amount will be paid on the Initial Payment Date, but such lump sum payment shall be made only if the Company, in consultation with its advisors, determines that such payment will not result in adverse taxation under Section 409A;

Salary and Bonus. Key Employee will be compensated for full-time service (pro-rated for any part-time service) at a base rate of $325,000 per year, less all deductions and withholdings, to be paid in accordance with the Company’s standard payroll practices, as they may be changed from time to time. In addition, Key Employee shall be eligible to receive an annual discretionary bonus with a target (the “Target Bonus”) of forty percent (40%) of Key Employee’s base salary per 12‑month period, based upon a determination by the CEO and, where applicable, the Company’s Board of Directors (the “Board”) of the achievement of objectives to be set from time to time by the Board, provided that Key Employee must remain employed through the payment date in order to earn the bonus. The measurement period for this purpose will end on approximately December 31 of each year. The annual discretionary bonus, if otherwise earned subject to continued employment through the payment date, will be paid as soon as practicable after the achievement of objectives for the measurement period has been determined, but in no event will such bonus be paid after March 15 following the last day of the measurement period. The Company may modify Key Employee’s compensation and benefits from time to time at its sole discretion.

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