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The bonus plan agreement is a binding contract made between two parties, one of whom is known as the “Company”, while the other is known as the “Employee”. This bonus plan agreement constitutes purpose, performance, eligibility, administration, calculation and allocation of the bonus amount, payment, amendment, and taxes.

You can Download the Free Bonus Plan Agreement customize it according to your needs and Print. Bonus Plan Agreement is either in MS Word, Excel or in PDF.

Sample bonus plan agreement

Bonus Plan Agreement

Download this USA Attorney made Original Agreement for only $9.99

This agreement is made between Company and Employee on the effective date of 15th November, 2011.

Company represented by

Ms. Jennifer Garner

Lloyd Inc.

Address: 221 Lloyd Street #2, New Haven CT 06513

Contact number: (203) 469-1807

Employee represented by:

Mr. Hugh Warner

Address: 14 Kenny Drive, New Haven CT 06513

Contact number: (203) 466-3990

Terms and Conditions:

• This Bonus Plan Agreement will be administered and managed by the Board comprising of senior executives of “Lloyd Inc.”. The Board will be the final authority for interpretation and formulation of the terms and conditions of this plan, and any other agreements relating to the plan.

• Only those “Employees” who have completed at least one year of service with “Lloyd Inc.” are eligible to participate in the Bonus Plan. Participation of a new employee in the Bonus Plan can be modified if the Board finds that necessary and it will at their sole discretion.

• The Bonus amount calculation is mentioned in Paragraph 5, Section II of this Bonus Agreement Plan and will be distributed among the “Employees” based on the identification of certain aspects of the “Employees” by the Board including effort, involvement, and contribution, towards the growth and success of “Lloyd Inc.”.

• The Payout method for the Bonus amount will Cash or Marketable Securities.

• The Board has the right to amend or modify the Bonus Plan in whole or in part.

IN WITNESS WHEREOF, the parties “Company” and “Employee” have executed this Bonus Plan Agreement as on the date set forth which is 11/15/2011 (MM/DD/YY).

SIGNED FOR AND ON BEHALF OF COMPANY BY:

…………………………………………………………….

Name:

SIGNED FOR AND ON BEHALF OF EMPLOYEE BY:

…………………………………………………………….

Name: