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With an Employee Bonus Plan you can identify who is responsible for paying out the bonus, and who will determine the amount of money in the bonus pool. This is a document that can be signed by an individual employee, or multiple employees. An Employee Bonus Plan is one way of incentivizing and rewarding hard work on the part of your employees; this document gives you flexibility in administering the bonus.
Interested in learning more about essential employment forms? Check out our HR Guide for additional information.
Other names for this document: Employee Incentive Plan