Bonus Agreement Template

This bonus agreement template has 3 pages and is a MS Word file type listed under our legal agreements documents.

Sample of our bonus agreement template:

BONUS AGREEMENT This Bonus Agreement (the "Agreement") is entered into effect as of [DATE], BETWEEN: [COMPANY NAME], ("Company"), a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] AND: [EMPLOYEE NAME], ("Employee") an individual with their main address located at: [COMPLETE ADDRESS] PURPOSE OF THE AGREEMENT 1.1 The Company agrees to provide the Employee with a bonus as an incentive for achieving specific performance goals and objectives outlined in this Agreement. BONUS AMOUNT 2.1 The bonus amount to be provided to the Employee shall be [Specify Bonus Amount]. 2.2 The bonus is contingent upon the successful achievement of the performance goals as detailed in Section 3 of this Agreement. PERFORMANCE GOALS 3.1 The bonus is conditional upon the Employee's successful accomplishment of the following performance goals: [Specify Performance Goal 1] [Specify Performance Goal 2] [Specify Performance Goal 3] 3.2 The Parties acknowledge that the achievement of these performance goals is a critical condition for the payment of the bonus. PAYMENT TERMS 4