Performance Pay
/ˈpɜːrfɔːrməns peɪ/
Definitions
- (n.) Compensation directly tied to the achievement of specified performance goals or results in employment or contracts.
The employee's performance pay increased after exceeding the quarterly sales targets.
Forms
- performance pay
Related terms
See also
Commentary
Performance pay clauses should clearly define performance metrics to avoid disputes over entitlements.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.