Annual Bonus Clause Example from Business Contracts

Annual Bonus. Following the end of each fiscal year and provided you remain employed by the Company on the last day of such fiscal year, you will be eligible to receive an annual incentive bonus of up to twenty-five percent (25%) of your cumulative regular earnings during that fiscal year. The actual bonus awarded for a fiscal year will be based on your performance and the Company's performance that year against criteria to be established by the Company, both as determined by the Company in its sole discretio...n. View More