The phrase "awards based on performance" is correct and usable in written English.
It can be used in contexts where you are discussing recognition or prizes that are given as a result of someone's achievements or effectiveness in a particular area.
Example: "The company has implemented a new policy to ensure that awards based on performance are distributed fairly among employees."
Alternatives: "recognition tied to performance" or "prizes determined by performance".
M&S is under fire for offering Marc Bolland, its chief executive, the chance to earn up to three times his salary in long-term share awards based on performance targets that were not linked to financial targets.
Bolland could also be in line for an annual bonus of up to £1.95m in cash and shares this year and more than £1.5m in long-term share awards based on performance conditions and his length of service.
Fears of a shareholder revolt over executive pay failed to materialise despite M&S offering Bolland the chance to earn up to three times his salary in long-term share awards based on performance measures that are not linked to financial targets.
Activision Blizzard Chief Executive Bobby Kotick lowered his salary, but he'll be eligible for tens of millions of dollars in stock awards based on performance, according to the Financial Times.
Pluto Plays Piano is free to download and play with stars awarded based on performance in completing levels.
These scholarships are awarded based on performance in subject specific exams or performances, and an interview with the headmaster for academic or music scholarships, or the presentation of a portfolio of work for the art scholarship.
In court papers, the bankruptcy trustee, Roberta A. DeAngelis, disputed Tribune's claim that the incentive programs were bona fide awards "based on real performance targets that are intended to motivate superior performance".
Academy members will have cast their votes and the winners will be revealed, but are the awards actually based on performance or gentle persuasion from lobbyists?
Those workers have skin in the game: bonuses are awarded based on the performance of an entire team, not individuals.
The Honda Civic two-door and four-door models are the first small cars to earn the Insurance Institute for Highway Safety's new Top Safety Pick+ award based on their performance in the new small overlap frontal crash test.
