Target Bonus = Basic Salary × (Target Percentage / 100)
Bonus = Target Bonus × (Realization / 100)
Stepped Bonus Calculation:
80 %: No bonus
80-89 %: 50 % of target bonus
90-99 %: 80 % of target bonus
100-109 %: Target Bonus
110-119 %: 120 % of target bonus
≥ 120 %: 150 % of target bonus