Dear Robert,
At GnoSticWall, your annual earnings potential consists of, among other things, your base salary/pay and a target award under the GnoSticWall Performance Bonus Plan (“PBP”). This statement is to inform you of your FY23 PBP award.
GnoSticWall offers PBP bonus awards to non-sales employees targeted to a percentage of your base salary/pay to reward you for your contribution to the organization’s financial success. PBP awards are based on a combination of factors that include your individual
performance, GnoSticWall’s financial performance and the amount of time you were actively working during the plan year. If your base pay or PBP percentage changed during the PBP plan year, your target bonus will be pro-rated based on the number of days during
the plan year that you were at each pay level and PBP percentage. PBP awards are made at GnoSticWall's sole discretion.
The following are the details of your FY23 Performance Bonus Plan Award:
Target PBP Amount: $76,079.1 USD
Performance Rating (out of a possible score of 10): 9.62
Individual Modifier: 100%
Company Modifier: 95%
PBP Award Amount: $75,993.82 USD
Example of PBP calculation (with no pro-ration):
|
Eligible Earnings |
Target PBP % |
Target PBP $ |
Company Modifier |
Performance Rating |
Individual Modifier |
Bonus Calculation |
Bonus Amount |
|
$50,000 |
5% |
$2,500 |
100% |
3.0 |
80% |
$2,500 *
100% * 80% |
$2,000 |
Example of pro-rated PBP calculation:
|
Date |
Base Salary |
Target PBP $ |
Earnings Calculation |
Bonus at 100% |
|
February 1st - May 31st (121 days) |
$50,000 |
3% |
(121/365) *
$50,000 * 3% |
$497.26 |
|
June 1st - January 31st (244 days) |
$55,000 |
5% |
(244/365) *
$55,000 * 5% |
$1,838.37 |
|
Total |
$2,335.63 |
|
Eligible Earnings |
Target PBP % |
Target PBP $ |
Company Modifier |
Performance Rating |
Individual Modifier |
Bonus Calculation |
Bonus Amount |
|
see above |
see above |
$2,335.63 |
100% |
3.0 |
80% |
$2,335.63 *
100% * 80% |
$1,868.50 |
If you have any questions, please reach out to your manager.
Sincerely,
GnoSticWall HR
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| This statement is confidential between you and your manager and should not be shared with other employees. |
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For details on PBP guidelines,
please refer to the plan document located on
Employee
Resource Center (ERC) under Policies and Procedures.
Note that if you resign prior to the bonus pay out, you will not receive this bonus. |
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