Performance-Based Awards

Performance-Based Awards are incentives given to employees or executives that depend on achieving specific goals or results. Unlike fixed bonuses, the reward is tied to measurable performance criteria such as sales targets, project completion, or operational improvements. If the set objectives are met or exceeded, the individual earns the award; if not, they may receive less or nothing. These awards motivate high performance by aligning rewards directly with individual or company success, ensuring that incentives encourage efforts that benefit the organization.