This page contains Annual Bonus clauses in business contracts and legal agreements. We have organized these clauses into groups of similarly worded clauses.Check out our bonus plan template selection for the very best in unique or custom, handmade pieces from our templates shops. 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. Promote Fairness: Ensure a transparent and equitable approach to rewarding employees. Sample Bonus Policy. Check out our bonus template excel selection for the very best in unique or custom, handmade pieces from our templates shops. Create Pay Stub in 3 Easy Steps. State law says that an employee required to work more than 40 hours in a workweek is entitled to compensation for the excess hours.