Anyone know what this is all about or why it would be given to someone who got a below meets on their annual review? Since they aren’t getting a raise, is this a small token of their appreciation so they don’t complain?
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Disagree with P4 numbers. Try 7k for IM and 19k for M
once your bonus exceeds 50k it gets split into cash and RSR, 80/20 to start then the higher your bonus goes the higher % goes to stock.
Ballpark for P4- 0 for nm, 10k for im, 25k meet, 40k exceed
Total variable compensation (TVC) is the formal term for bonus or incentive. It includes any cash payment and deferred stock/RSRs for those who are eligible/hit the threshold for deferred compensation. People who get below meets can still be eligible, but usually would get less/decreased from prior years or others who are performing at meets or above.
I knew of someone in FCRM - PI - was IM or bad reviews and would still get a bonus, but no raise for 3 years at least.
For salaried employees, it is your base pay per annum (per year) plus the bonus.