Is a bonus incentive clause in a contract enforceable?

Alberta, Canada

The following excerpt is from Eyben v. K. R. Ranches (1970) Ltd., 1978 CanLII 798 (AB QB):

Albeit the parties at the outset of the contract were in mutual ignorance of the means to be employed in the calculation of profit, it does not follow that the court cannot ascribe to the term its natural and ordinary meaning in the resolution of this dispute: Whyte v. McTaggart (1915), 1915 CanLII 427 (MB QB), 31 W.L.R. 654, 22 D.L.R. 8 (Man.). Contracts including bonus incentives have long been utilized in master-servant and principal-agent relationships, and in my view the court should strive to preserve and enforce contracts such as these and avoid wherever possible a judicial dismantling of them if the term is ascertainable.

Other Questions

Is a contract enforceable for breach of contract when the contract is not enforceable? (Alberta, Canada)
In what circumstances will a party be bound by the elements of a contract where the contract is not enforceable when the contract was signed? (Alberta, Canada)
Is a contract enforceable if the terms of the contract are unclear or uncertain or incomplete? (Alberta, Canada)
What is the test for equity in a contract where the contract does not contain an equalization clause? (Alberta, Canada)
How have the courts interpreted the meaning of the word "contract" in the context of an enforceable contract? (Alberta, Canada)
Is nondisclosure in a contract enforceable? (Alberta, Canada)
Can an employer appeal against a termination clause in a contract that had been renewed for a third consecutive year? (Alberta, Canada)
What is the test for interpretation of a clause in a contract where a plaintiff is required to provide a written assurance of his own rights? (Alberta, Canada)
Can an option to purchase be an enforceable contract? (Alberta, Canada)
Is a penalty or liquidated damages for breach of contract enforceable? (Alberta, Canada)

There are no other similar questions at this time.