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). Enter the pay period ending date.If this is a retroactive transaction, enter the applicable pay period ending date. An incentive bonus agreement is a contract between an employer and employee that details information about a cash bonus offered as an incentive. 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. After completing this form, you should sign the form. You should then file this document with the clerk of the circuit court in the county where the petition. 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. Attached below is the document to fill out for your storyboard.