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Bonus payout amount is based on performance, they’re saying that before you’ve formally had a performance review (like with a rating) they’re going to assume you’re a Strong performer and pay your bonus amount using that assumption. In the future once you have gotten formal performance reviews with ratings, your bonus amount will be based on that rating!
At least, that’s how it works at Bain
If it’s in your offer letter it means your current joining date makes you eligible
It means you are getting a preset bonus for joining partial year but it isn’t performance dependent. Next year, your bonus will be dependent on rating and vary.
What is the % in following years?
Mentor
Depends on how well you perform on the 4 grades starting from c2l through to distinctive