Target Performance Bonus means, for any Participant with respect to any Performance Period, the amount that the Participant would be eligible to earn as a Performance Bonus for that Performance Period.
As a percentage of salary. For example, if your salary is $100,000, your annual bonus target may be 20%, or $20,000 ($100,000 salary x 20% target = $20,000 annual bonus target). As a pre-set number. For example, you may earn $100,000 and your annual bonus target is pre-set at $14,000.
Multiply total sales by total bonus percentage. With total sales and total percentage identified, multiply the two values together. $14,000 x .03 = $420Alana earned $420 in sales commission for the weekend. Multiply employee salary by percentage. Determine a monthly amount. Determine a yearly amount.
For example, a 5% commission on a $1,000 sale would be $50. A bonus, on the other hand, is a fixed reward for achieving specific goals, unrelated to the amount of sales. For instance, a salesperson might receive a $200 bonus for signing up 10 new customers, regardless of the total sales value.