Using the formula above, here’s an example based on a salary of $100,000 per year with a 10% annual target bonus payout as a percentage of base salary (BPP%): 50% x 25,000 x 10% x 1.12 = $1,400
To receive the bonus, eligible employees must have been at Maxim for the full quarter and actively employed on the day of payout. The Q1 advance will be included as part of your regular paycheck and will be paid as follows: