Full-time bargaining unit members, after completing 13 pay periods where no sick leave is used, have the option of receiving a bonus day or pay (regular time). This file contains details about the Executive Bonus Plan, including its purpose, definitions, and administrative sections.Learn everything you need to know about bonuses: their types, advantages and disadvantages, calculation methods, and more. An incentive bonus agreement is a contract between an employer and employee that details information about a cash bonus offered as an incentive. 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. To participate in the DROP you must complete Form DP-. ELE. The bonus can be included in the employee's regular paycheck. 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.