Annual Bonus Clause Example from Business Contracts

Annual Bonus. Your target annual cash bonus is 35% of your annual base salary, which may be earned based on achieving performance objectives established by the Board or the Committee, as applicable, in its sole discretion and payable upon achievement of those objectives as determined by the Committee. Unless determined otherwise by the Board or Committee, as applicable, any such bonus will be subject to your continued employment through and until the date of payment. Any such bonus amounts paid will be subjec...t to any applicable withholdings. Your annual bonus opportunity and the applicable terms and conditions may be adjusted from time to time by our Board or the Committee, as applicable, in its sole discretion. View More