Create a comprehensive employee bonus policy with this template. Ensure clarity and consistency in your company's bonus structure.This employee bonus policy template is ready to be tailored to your company's needs and can be a starting point for setting up your employment policies. This page contains Annual Bonus clauses in business contracts and legal agreements. We have organized these clauses into groups of similarly worded clauses. An incentive bonus agreement is a contract between an employer and employee that details information about a cash bonus offered as an incentive. Learn how to run a bonus payroll and accurately calculate bonus pay and taxes with our comprehensive small business guide. Need to up your recruiting and retention game? Consider adding an employee bonus program. They must complete three (3) months of employment to be eligible for the first recruitment incentive.