There are 5 components to create a successful bonus plan for managers Every bonus plan is different, but the following core components are key. In this article, I will show you how to create a simple plan that is easy to manage and provides protection to the company if financial goals are not met.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. An incentive bonus agreement is a contract between an employer and employee that details information about a cash bonus offered as an incentive. Bonus depreciation is a federal tax deduction that allows businesses to immediately deduct a large percentage of the purchase price of eligible assets. Each partner or shareholder will calculate their own addback amount when completing their Minnesota income tax return. Xico more or less on March). Workers compensation programs. Teachers On Call is a substitute staffing service that hires licensed teachers and early child care staff for schools.