If the bonus day is selected it must be taken anytime within the next 13 pay periods. Sick Leave is considered any call-in e.There are longevity pay steps in the employee's classification and there is a Longevity Bonus Award. 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. 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. A bonus is a onetime monetary award given to faculty or staff which is not added to the base salary. SCOPE. Venue is proper in Miami Dade County. These bonuses are typically tied to specific retention agreements and are paid out over a defined period. You cannot participate in the DROP if any of the following apply: • You are retired from the FRS Pension Plan, including disability retirement.