Bonuses - Definitions

Annual Bonus: A discretionary payment awarded to recognize contributions and performance over the year.

Eligibility: Criteria an employee must meet to be considered for bonus payment, including employment status, hire date, and good standing.

Leadership Team: The group of executives responsible for making final decisions about bonus eligibility and payout amounts.

Good Standing: Employment status that reflects satisfactory performance, compliance with company policies, and active employment at the time of payout.