Customize and Download this "Sales Target Achievement Bonus Contract". Create a comprehensive employee bonus policy with this template.Ensure clarity and consistency in your company's bonus structure. Top sales bonus options. What is a Bonus Plan? A bonus plan is an agreement between the employer and employee to pay out a predetermined amount of money based on performance. This employee bonus policy outlines how the company distributes bonuses to reward employee performance and contributions. Example: Sales representatives can earn a quarterly sales target bonus in addition to their regular commissions. An incentive bonus agreement is a contract between an employer and employee that details information about a cash bonus offered as an incentive. Create an effective performance bonus plan template.