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 ?
It means the average bonus payment made outside of Britain's powerhouse finance industry stood at PS1,600, up 5.
The prize pot will be distributed between first team squad members and backroom staff, with players' final bonus payment dependent on how many appearances they have made across the 46-game Sky Bet Championship campaign.
A bonus payment for a police officer ranges between TL 48 to TL 392, and an officer can be awarded a maximum of 24 bonuses in a given commission meeting.
This year, CECONY has introduced a new source of revenue-the three-year retention bonus payment.
Suppose Tom is required to be employed only on the last day of the tax year to receive the bonus payment, rather than the bonus payment date.
Mary Pitcaithly, chief executive of Falkirk Council will receive a bonus payment of PS39,000 at next year's referendum.
4m) and an additional bonus payment of up to USD300m, conditioned on further successful exploration.
According to IDS, the median bonus payment for a FTSE-100 finance director was equal to 127% of salary in the last year.
NR chairman Rick Haythornthwaite said: "Friday's meeting was not to approve a specific annual bonus payment for executive directors, but rather to amend a previously-approved long-term incentive scheme to ensure additional external scrutiny of performance.
1% of Songa Eclipse Limited, Songa Offshore also owes a conditional bonus payment to be made within 18 months after the rig is delivered.
Reflecting its strong business performance, Toyota is expected to accept the bonus payment request.
2) In contrast, the fixed payment component, termed the bonus payment, is an up-front, lump-sum payment similar to those found in most market transactions.