Annual Discretionary Bonus Sample Clauses

What Is a Discretionary Bonus? Definition & Requirements - Hourly.io

Any bonuses listed in a collective bargaining agreement, an employment contract, or in other agreements are non-discretionary. Examples of Non-Discretionary ...

Adding Insult to Injury - Termination and Bonus Season

His employment agreement stated that he was entitled to participate in any annual incentive program that the company implemented, which would be based on ...

Employee Bonus Policy Template - Workable

Scope · Discretionary bonuses are determined at our company's sole discretion. They aren't promised to employees and we can't guarantee anyone will receive them.

What is a Bonus Agreement? (Key Terms + Sample)

A bonus agreement is an arrangement between two or more parties where one party agrees to pay another a sum of money, usually determined by the revenue ...

What is a Discretionary Bonus? What Managers Need to Know

Not part of regular compensation: Discretionary bonuses are separate from an employee's regular rate of pay and annual salary. Variable ...

What Is a Discretionary Bonus? - Business.com

The employee should not expect a promise of payment when receiving a discretionary bonus; it should be somewhat arbitrary or unplanned. There should be no ...

How Discretionary Is A 'discretionary' Bonus? - Appleby

An employee's bonus entitlement · to exercise discretion honestly and in good faith; · to not exercise discretion in an arbitrary, capricious or ...

Employee Benefits Sample Clause - Spellbook

The Company reserves the right to amend or terminate any Employee Benefit Plans at any time in its sole discretion, subject to the terms of such Employee ...

Discretionary Bonuses – Problematic Clauses In Employment ...

Examples of clauses could be that employees should not assume that bonuses will be paid for the current year simply because bonuses were paid in ...

Discretionary Bonus - Definition & Meaning - Plentive

So, Christmas bonuses are a major example of discretionary payments paid to employees. Workers may expect this bonus as a 13-month salary, one of the most ...

Year End Bonuses and The Fair Labor Standards Act

The sum, if any, to be paid as a bonus must be determined by the employer without prior promise or agreement, and the employee must have no contract right, ...

Bonus clauses (discretionary) | Practical Law - Westlaw

Alternative non-contractual bonus clauses for inclusion in an employment contract (for example, the Employment contract for a junior employee or the ...

Bonus rights-specialist employment solicitors - Landau Law

Most bonus schemes are expressed to be discretionary. This means that bonus entitlements are not contractual and the requirements for awarding a bonus are ...

Discretionary bonus schemes – can an employer deny payment?

A common dispute arises when a performance bonus is not paid due to a “discretion of the employer” clause in the Bonus Scheme Rules, a workplace policy or ...

The limitations on discretionary bonus clauses - Bird & Bird

Such clauses are generally drafted to give employers absolute discretion in respect of determining the amount of and entitlement to bonuses.

Employer Holding onto Bonus: What Can an Employee Do?

Employers do not have to pay discretionary bonuses, and employees cannot typically seek to enforce payment. For example, if profits are down, an ...

6.3 Cash bonus plans and cash bonuses - PwC Viewpoint

The agreement includes a cash bonus payable upon the start of employment in January 20X2. There are no vesting or clawback provisions associated ...

What is a Discretionary Bonus: Our Guide to Discretionary Bonuses

Examples of nondiscretionary bonuses include hiring bonuses or annual bonuses that are outlined in an employee's contract upon getting hired. The Breakdown ...

Be Wary of Ambiguity: A “Bonus” Lesson for Employers

The key contractual provision in this dispute stated that the plaintiff “will be eligible to receive a minimum of 20% and up to 60% of the Base Salary annually, ...

Sample – Individual Employment Agreement - Sport NZ

Any salary increase remains solely at our discretion. 7.4 {optional clause - Bonuses}{Note that if a bonus ... bonus is discretionary. If the bonus is ...