Example ContractsClausesbase salary; performance bonusVariants
Base Salary; Performance Bonus
Base Salary; Performance Bonus contract clause examples

Base Salary and Bonus. Your base salary will be at the rate of $9,166.67 per pay period (which, if annualized, equals $220,000), 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 annual retention and performance bonus award, 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, both as 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 2015 calendar year performance.

Base Salary and Annual Bonus. Your current annual base salary is $300,000, less standard payroll deductions and tax withholdings, paid on the Company’s normal payroll schedule. You will be eligible to participate in the Company’s annual bonus program in accordance with its terms, with the target bonus of $150,000 and performance metrics to be established by the board of directors of the Company (the “Board”) or the compensation committee of the Board (the “Committee”) in its sole discretion. Your compensation will be subject to periodic review in accordance with Company practices.

Base Salary. During your employment, your base annual salary will be $470,000, payable in accordance with the regular payroll practices of the Company and subject to applicable deductions and withholdings. Your salary may be adjusted from time to time in accordance with normal business practice and in the sole discretion of the Company.

You will receive a base salary of $375,000.00 per annum ($31,250.00 monthly), which will be paid semi‑monthly in accordance with the Company’s normal payroll procedures (“Base Salary”). You will also be eligible to earn an annual cash bonus up to 35.0% of your Base Salary (“Annual Bonus”), prorated for 2021 based on your Start Date. The actual amount of the Annual Bonus will be determined at the sole discretion of the Company’s Board based upon measures of Company performance and shall not be earned until paid. Any Annual Bonus will be paid within two and one-half (2.5) months after the end of the calendar year to which the Annual Bonus relates.

If you decide to join us, your annual base salary will be $275,000.00, payable semi-monthly in accordance with the Company’s normal payroll procedures and subject to the usual, required withholdings. Your annual bonus opportunity will be targeted at $55,000, provided that in the first year of employment, the company guarantees $25,000 of your targeted bonus opportunity, subject to your continued employment through the first year of employment. Except with respect to the guaranteed portion of your bonus, your bonus if any will be subject to the achievement of performance objectives and/or other criteria as determined by the Company in its sole discretion. Any bonus payable to you will be subject to the usual, required withholdings, and will be paid no later than March 15 of the calendar year following the calendar year in which the bonus is earned by you.

Your initial salary will be $27,083 per month, equivalent to an annualized base salary of $325,000, paid in accordance with our standard payroll practices and subject to all withholdings and deductions as required by law, for your full-time efforts, of at least 40 hours per week. You will also be eligible for annual bonus compensation of up to 20% of your annualized base salary, based upon company, departmental and individual performance against the applicable performance goals established by the Compensation Committee. For 2017, you will receive a pro-rated annual bonus based on the number of days you are employed during the year. You must remain continuously employed with the Company through the date of the bonus payment to receive such payment. All bonus payments, if any, are subject to the approval of the Board of Directors.

As a full-time employee, you will initially earn a base salary of $160,000 paid twice monthly on the Company’s normal payroll schedule. Your base salary will be subject to review annually as part of the Company’s normal salary review process. In addition to the base salary, you will be eligible for a bonus of up to 10% of your annual base salary. The bonus will be paid on an annual basis. However, the final decision on the amount of the bonus that will be paid shall be defined by the Company in its sole discretion.

In this position, your base salary will be $225,000 per year, payable (less payroll deductions and all required withholdings) in accordance with the Company’s regular payroll policies. Your target bonus for each fiscal year will be fifty percent (50%) of your base salary, for a total cash compensation target of $337,500, provided that you may earn a bonus of up to a maximum of seventy percent (70%) of your base salary. Your base salary and bonus will be prorated for any partial fiscal year of your employment with the Company. The Board will determine the financial targets that will govern bonus payouts, consistent with the targets and structure of the Incentive Compensation Plan adopted by the Company for a given fiscal year. Payouts of the bonus will be made in accordance with the terms of the applicable Incentive Compensation Plan. During your employment, you will also be eligible to participate in the benefit programs made available to Company executives, in accordance with the terms of such plans and as such plans or programs may be in effect from time to time, and to earn accrued vacation in accordance with the Company’s vacation policies as in effect from time to time.

Base Salary. Your salary will be at an annualized rate of $248,000 per year, payable in accordance with the Company’s standard payroll schedule. Your salary, as well as any other cash amounts payable under this offer letter, will be subject to applicable tax withholdings and shall be reviewed by the Company’s Board of Directors (the “Board”) for possible increases prior to the start of each fiscal year, effective at the beginning of such fiscal year.

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