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If an employer (''Company'') intends to award its employees (''Employees'' or individually, ''Employee'') with a bonus, a bonus plan agreement (''Plan'') may be used. The agreement will cover what employees are eligible, who shall administer the bonus, and terms of receiving a bonus.

If the bonus is a monetary amount, the contract will explain the terms of calculating the bonus, when it shall be paid, as well as how it shall be allocated. When a bonus is performance-based, the contract will contain what term or quota must be reached to receive a bonus. Clauses regarding indemnification, nontransferability, limitations of rights, and taxes will be included as well. The contract will specify what state of governing law the document shall follow.

If a car salesman were to sell a certain number of vehicles in a month, the employee may be rewarded with a bonus incentive, and if so, a employee bonus plan agreement might be used. A company typically contains language regarding the amendment and termination conditions of the agreement.

Sample Employee Bonus Plan Agreements

These Employee Bonus Plan Agreements are actual legal documents drafted by top law firms for their clients. You will also find Employment Agreements, contracts, templates, and retention plans. Use them for competitive intelligence, drafting documents or to get information about transactions within a particular industry or sector. 

1) Avago Performance Bonus ("APB") FY2010 Plan Document

2) PDL BIOPHARMA, INC. 2010 Annual Bonus Plan

3) 2010 Goals Bonus Plan

4) SUNESIS PHARMACEUTICALS, INC. AMENDED AND RESTATED 2009 BONUS PROGRAM

5) Performance-Based Bonus Plan Jersey Shore State Bank

6) 2010 Bonus Plan

7) InfoSpace Executive Bonus Plan

8) Western Alliance Bancorp WAL Parent Annual Bonus Plan 2010

9) SANDERS MORRIS HARRIS GROUP INC. 2009 Supplemental Bonus Plan

10) SUMMARY OF BONUS PROGRAM OF OHIO VALLEY BANC CORP

11) Summary of Executive Salary and Bonus Arrangements

12) Quicksilver Resources Inc. Amended and Restated 2009 Executive Bonus Plan

13) Base Salaries and 2009 Bonus Payments

14) CADENCE PHARMACEUTICALS, INC. BONUS PLAN Effective January 1, 2010

15) EXECUTIVE INCENTIVE BONUS PLAN

16) Caliper Performance Bonus Plan

17) Emdeon Management Bonus Program

18) 2010 EVP of Worldwide Sales Bonus Program

19) 2010 Bonus Program

20) COMCAST CORPORATION 2006 CASH BONUS PLAN

21) Temple-Inland Inc. 2010 Tier I Bonus Plan

22) MAKO Surgical Corp. 2010 LEADERSHIP CASH BONUS PLAN

23) 2010 Performance Bonus Plan for S. Nunes - SVP of Sales Marketing

24) PACER INTERNATIONAL, INC. 2010 PERFORMANCE BONUS PLAN

25) RESTRICTED UNIT STOCK BONUS AWARD AGREEMENT

26) MONEYGRAM INTERNATIONAL, INC. PERFORMANCE BONUS PLAN

27) FIRSTMERIT CORPORATION 2010 RETENTION BONUS PLAN

28) The Eli Lilly and Company Bonus Plan

29) PENSON WORLDWIDE, INC. 2010 EXECUTIVE BONUS PLAN

30) COGNEX CORPORATION SUMMARY OF ANNUAL BONUS PROGRAM

31) OYO Geospace Corporation FY 2010 Bonus Program

32) 2010 SENIOR EXECUTIVE RETENTION BONUS PLAN

33) RETENTION BONUS AGREEMENT

34) VOLTERRA SEMICONDUCTOR CORPORATION MANAGEMENT BONUS PLAN

35) CELLU TISSUE HOLDINGS, INC. ANNUAL EXECUTIVE BONUS PROGRAM

36) BARE ESCENTUALS , I NC. TRANSACTION BONUS PLAN

37) 2010 Senior Management Incentive Bonus Plan

38) 2010 Executive Officer Bonus Plan

39) SENIOR MANAGEMENT BONUS PLAN

40) National Western Life Insurance Company 2010 OFFICER BONUS PROGRAM

41) BONUS AGREEMENT

42) FAST START BONUS (PAID WEEKLY)

43) Special Retention Bonus

44) Special Retention Bonus

45) Description of the Fiscal Year 2010 Executive Bonus Plan

46) AMENDMENT TO THE GENCORP INC. DEFERRED BONUS PLAN (the "Plan")

47) CEL-SCI CORPORATION 2009 STOCK BONUS PLAN

48) AMENDMENT NUMBER ONE TO THE DRESS BARN, INC. EXECUTIVE 162(m) BONUS PLAN

49) FISCAL YEAR 2010 MANAGEMENT BONUS PLAN

50) MERCURY COMPUTER SYSTEMS, INC. ANNUAL EXECUTIVE BONUS PLAN