Bonus Plan


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Bonus Plan

The policies a company follows in paying out bonuses. The bonus plan includes details on eligibility, the circumstances under which bonuses are paid and how amounts are determined. For example, a bonus plan may state that employees are eligible for a bonus after a certain number of months with the company when the company collects more than a certain percentage of its accounts receivable.
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Another opportunity is a Section 162 Double Bonus Plan. Employers may deduct the annual deposit, a distinct advantage over traditional deferred compensation plans.
THE rich get richer and there's no doubting Chelsea's blue-chip status with a bonus plan worth a staggering pounds 15million to the players next season.
Dillard's is urging approval of a stock bonus plan, a stock purchase plan and a nonemployee director restricted stock plan.
Many employees respond well to connecting goals--personal or company--to a bonus plan. Set your company goals, and then set individual goals that will help support the company goals.
Yet even assuming that plenty, of school systems and unions agree to work together to take advantage of the Kerry bonus plan, and use a value-added evaluation system to help determine whether student progress is legitimate, serious concerns remain about whether the program is big enough to make a dent nationally.
Management disclosed that top executives had arranged a bonus plan for themselves for remaining at the beleaguered carrier, as well as a controversial bankruptcy-proof management-only pension scheme.
The general idea is to transform the bonus plan into a form of "ownership"--a continuous, predictable claim on financial results over time.
Brendan Barber, general secretary-elect of the TUC, said: ``The Corus remuneration report will increase the total bonuses possible for executives while payouts will be based on unclear performance criteria.'' Mr Barber said that, against job losses, a staff pay freeze and the continuing threat of redundancies, it was hard to see how Corus had adhered to an official code by changing its bonus plan.
Companies that decline to share sales and profitability numbers with employees are limited in their ability to offer a bonus plan.
This issue might merit significant inclusion in a bonus plan if you perceive you have problems in this area.
That is, discretionary awards that exceed the stated parameters of a bonus plan are sometimes given to "superstar" performance if a compensation committee has flexibility.