Annual Bonus Clause Example from Business Contracts

Annual Bonus. You are eligible to earn an annual cash bonus with a target value of $100,000, based on achieving performance objectives established by the Company's Board of Directors or an authorized committee thereof (the "Committee") in its sole discretion and payable upon achievement of those objectives as determined by the Committee. If any portion of such bonus is earned, it will be paid when practicable after the Committee determines it has been earned, subject to you remaining employed with the Company... through the payment date. Your annual bonus opportunity will be subject to review and adjustment based upon the Company's normal performance review practices. View More