Define: Quarterly Bonus

How is Quarterly Bonus defined in a legal contract?

• Quarterly Bonus means the bonus payment owed to an executive during a specific performance period. Seen in 6 SEC filings
• Quarterly Bonus means the bonus due under a specified section or clause. Seen in 4 SEC filings
• Quarterly Bonus means the potential quarterly cash bonus allocated to an executive for a specific calendar quarter. Seen in 2 SEC filings
• Quarterly Bonus means any bonus payment payable to an employee for the applicable measurement period according to certain sections of a contract. Seen in 2 SEC filings
• Quarterly Bonus means a performance based bonus, calculated and payable on a quarterly basis, that an individual is entitled to receive. Seen in 2 SEC filings
• Quarterly Bonus means a bonus payable to an employee by the last business day following the regular two week pay period. Seen in 1 SEC filing

Note: The Genie AI Legal Assistant pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.

Search EDGAR for 'Definitions of quarterly bonus' yourself to verify these results. We are always keen to point people to source documents.

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Which definition should you use?

🤔 Our AI Legal Assistant has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.

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Genie Definition 1

• Quarterly Bonus means a monetarily quantifiable reward given every three months under specific terms in a business agreement.

Relevant Contract Types

• Employment Contract
• Executive Compensation Agreement
• Sales Commission Agreement

Relevant Circumstances

• Employment agreements where performance-based incentives are provided on a quarterly basis.
• Contracts involving executives or employees who are part of a bonus structure scheme.

Relevant Sectors

• Finance
• Sales & Marketing
• IT & Software

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Genie Definition 2

• Quarterly Bonus means a performance-triggered incentive, calculable and payable after every quarter in [currency] or equivalent business unit under [agreement].

Relevant Contract Types

• Consultancy Agreement
• Sales Commission Agreement
• Performance-Based Contract

Relevant Circumstances

• When independent contractors or consultants are having their work remunerated using quarterly bonuses.
• When performance metrics directly influence the bonus payout.

Relevant Sectors

• Consulting
• Real Estate
• Marketing

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