Bonus Agreement Example

Bonus Agreement Example

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8. The amount of bonuses for the leaders of the work collectives shall be fixed by the head of the organisation. The decision on bonuses is taken on the basis of production indicators calculated on a year-by-year basis from the beginning of the year. To identify the dynamics, these indicators are compared with similar indicators for the corresponding period of the previous year. If these two conditions are met, our company will grant bonuses to employees who: 3.2. The payment of bonuses to employees who, during the corresponding calendar year, have violated the internal work rules, safety rules and other local legislation of the company and who have not fulfilled their work obligations by other means during the indicated period, do not take place. Nevertheless, the company has the right to pay bonuses to these employees in the manner and under the conditions provided for in these provisions. Remember that bonuses are subject to tax (local, public and federal taxes). 7. Unless otherwise stated, employee bonuses are based on the results of the work for each month. Our company rewards employees for their outstanding individual performance as well as their contributions that help us achieve the company`s goals.

This is why we award bonuses in three forms: the indicators written in the document serve as a basis for calculating monetary incentives. They must be clearly indicated. A dual interpretation can be controversial. Vague definitions are not recommended. The definitions do not specify when an employee should receive a promotion. Two interpretations will cause discontent. Workers who are not incentivized can bring an action with the employer. The staff bonus system will operate inefficiently. The section contains information on the issuance of incentives that refer to dates. The calculation of the amount of bonuses in cases where an employee moves to another position in THE COMPANY and dismisses an employee within one quarter who changes jobs several times during the quarter and in other cases that are not directly governed by these rules is at the discretion of FIRMA.

5.1. A one-time (one-time) bonus for company employees may be granted for high performance in the work that the company deems necessary, including: 2. General conditions and procedures for the calculation and payment of bonuses Our company policy gives the management team the opportunity to decide on end-of-year bonuses for all employees. . . .