Simple bonus scheme provisions drawn so as to be annexed to any contract of employment requiring provision for a bonus
scheme
About this document
This is a bonus scheme schedule. By that, we mean the document includes a number of paragraphs which have been drawn so as to be annexed to an employment contract. The document can easily be added to any of the Net Lawman employment contracts, as well as contracts of employment that you have found elsewhere.
By adding this schedule into the employment contract, it gives the employee a contractual entitlement to receive an annual bonus based on achievement of personal performance targets.
This bonus scheme schedule is suitable if you already have employees and are about to implement a bonus scheme. Simply add this document to their contract of employment as ensure it is signed by both parties. Alternatively, it can be added to new employment contracts.
Application
and features
Suitable for any business or organisation;
Suitable for any employee;
Suitable to be added to any contract of employment
Contents
Bonus allowance – you choose how much
Amendments to the scheme
Effects of termination of employment
Word
Count (approximate):
Document: 250
words
Explanatory notes:
50
words
Draftsman
This is a Net Lawman drawn document. We also offer low cost legal advice. You can learn more and instruct us at Expert Legal Advice.
