bonus payment

bonus payment

a form of incentive payment made to individual employees of a firm or groups of employees who exceed specified output or sales targets. Bonus payments are usually paid in cash (monthly or annually) but could also take the form of an allocation of shares in the company (see GOLDEN HANDCUFF). See PERFORMANCE-RELATED PAY, INCENTIVE BONUS SCHEME, GROUP INCENTIVE BONUS SCHEME.
References in periodicals archive ?
The likes of Bale, Ramsey and Williams are eager for some of Wales' other players, who perform at a lower level, to be given a fair amount of any bonus payment the squad receive as a whole.
However, none of the detained actually has any authorization to approve the final bonus payment lists, indicating that the detention might be another attempt of the Justice and Development Party (AK Party) to silence media opposition.
To be eligible under the program, employees needed to perform services during the tax year and be employed on the date of the bonus payment. Any bonus amounts allocable to employees who were not employed on the payment date were reallocated to the other eligible employees.
UK oil and gas group Tullow Oil Plc (LON:TLW) unveiled an agreement to buy Norwegian oil explorer Spring Energy Norway AS for a price of USD372.3m (EUR287.4m) and an additional bonus payment of up to USD300m, conditioned on further successful exploration.Country: Netherlands, UK, NorwaySector: Petroleum/Natural Gas/CoalTarget: Spring Energy Norway AS, Tullow exploration, development and production assetsBuyer: Tullow Oil Plc Vendor: Tullow Oil Plc , HitecVision AS, Other Spring shareholdersDeal size in USD: 672.3mType: Corporate acquisition, DivestmentStatus: Agreed, AuctionComment: Deal size refers to the Spring deal and includes maximum additional bonus payment.
Brian Kavanagh: bonus payment questions not adequately addressed
Northern Rock, which completed its restructure into "good" and "bad" banks at the turn of the year, said the bonus payment came after staff met agreed objectives over the year.
Summary: Royal Bank of Scotland boss Stephen Hester is set to waive his annual bonus payment, it has emerged.
Reflecting its strong business performance, Toyota is expected to accept the bonus payment request.
Starting July 1, physicians who report on selected quality measures will have a chance to earn a small bonus payment from Medicare.
However, Silverlink's service has improved so much that it received a bonus payment last year.
11 December 2012 - UK oil and gas group Tullow Oil Plc (LON:TLW) on Tuesday unveiled an agreement to buy Norwegian oil explorer Spring Energy Norway AS for a price of USD372.3m (EUR287.4m) and an additional bonus payment of up to USD300m, conditioned on further successful exploration.
The move was triggered by the poor results of an audit of the institution which was concluded at the end of last week and yet another scandal with hefty bonus payment awarded to officials of the Registry Agency.