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Performance bonus proz

Personal Finance, career / Compensation, definition of Performance Bonus, a performance bonus is a form of additional compensation paid to an employee or department as a reward for achieving specific goals or hitting predetermined targets.
Each Performance Bonus under this Section 3(b) shall be paid in cash, in a lump sum, within the same calendar year in which the Company receives its audited financials for such fiscal year.
Because this bonus is given for performance above expectations, employees are not automatically entitled.The bonus for Executive at each level will be based on the achievement of ebitda targets (the ebitda Bonus).Companies that use an appraisal or employee review bonus abs 1680 akku process may set a score threshold that an employee will have to meet or exceed in order to be considered.Only 7 of English native speakers know the meaning of this word.0, dictionary, p Performance bonus, transcription, uS Pronunciation, uS IPA per- fawr -m uh ns boh -n uh s /prfr mns bo ns/.Even if an employee is not guaranteed under contract to receive a performance bonus, they may be instituted at the direction of the employer.The term ebitda means the earnings before interest, taxes, depreciation and amortization of the Company on a consolidated basis, calculated in accordance with generally accepted accounting principles utilized in determining the Target ebitda (as defined below) and applied on a consistent basis.They might also be made available only for specific periods, perhaps to drive extra effort for a particular project or a critical sales quarter.Words containing the letters p,e,r Words containing the letters p,e,r,f Words containing the letters p,e,r,f,o Words containing the letters p,e,r,f,o,m Thank you for your feedback.This word is almost not used.Furthermore, non-operating income, currency translation impact, gains and losses attributable to the disposal of Company and/or its Subsidiaries assets, management fees paid to Compass Group Management LLC or any affiliate thereof, and stock compensation expenses shall be excluded from the calculation of ebitda in accordance.Beginning with the fiscal year ending December 31, 2013, Executive will be eligible to receive a bonus (the Performance Bonus) based on three levels: minimum, target and maximum.Performance bonuses may be instituted on a regular basis, such as annually, biannually, or monthly.Improve your lexicon with Word Panda.Find useful information for every word or common phrase.
Performance bonuses may be given to an entire team or department if, for example, specific sales figures were met, or if the actions of that group were deemed to have been exceptional.
This term is known only to a narrow circle of people with rare knowledge.