I have received the offer letter from a company recently. In the section pertaining to Performance Incentive following is mentioned
Performance Based Incentive
Over and above the basic salary, you shall be eligible for a minimum performance based incentive of xyz which will be paid as per the Company’s internal policy. The incentive is contingent on your individual and overall profit performance of the company and shall be subject to terms and conditions as the Company may decide.
However, the Employee shall have no right to incentive or time-apportioned incentive if he is no longer employed by the Company or is under notice (whether given by the Employee or the Company) at or prior to the date when a incentive might otherwise have been payable.
It states that I should receive a minimum amount of xyz, but in another line it also says that it would be contingent on my individual and overall profit performance of the company and it also is subject to t&c. These two statements appear to be contradicting. On one hand it says that I will receive a minimum guaranteed amount and on the other hand it says that it will be based on the profits. Am I missing something here? If I am to ask for clarifications regarding this clause, what all should I ask?