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. An incentive bonus agreement is a contract between an employer and employee that details information about a cash bonus offered as an incentive.Explore executive bonus plan examples for effective performance-based incentives that drive success and align leadership goals. This file contains details about the Executive Bonus Plan, including its purpose, definitions, and administrative sections. 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. Learn how to run a bonus payroll and accurately calculate bonus pay and taxes with our comprehensive small business guide. RESOLVED, that the Corporation shall give one-time bonus compensation to in the amount of . The answer lies in the strategic "Executive Bonus Plan". I am new in the role and all I have to work with is an excel spreadsheet with all the current salaries and the bonuses paid last year.