Sample Bonus Template For Achieving Sales Target In Washington
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FAQ
If you're asking for a bonus for a specific project, provide facts and figures about the outcome of the project and how it exceeded the stakeholders' requirements. If you're asking for a bonus for more general reasons, offer details about why you deserve it.
A common structure is tiered bonuses. Here, employees can achieve different "levels" of bonuses based on their performance metrics. For instance, reaching 80% of a target might secure a smaller bonus, while achieving 120% may earn a significantly larger one.
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.
I would say have a basic, then reward by time at company, reward by commission (this will include individual performance. Then a bonus if the company has done well. Do not change the format once you have decided.
