This page contains Annual Bonus clauses in business contracts and legal agreements. We have organized these clauses into groups of similarly worded clauses.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. Annual Bonuses: Paid out in the first quarter of the following fiscal year. This timing allows for a comprehensive review of the previous year's performance. No, a commission is not a bonus; it is a type of compensation; the date of payment is generally regular, e.g. The 10th of the month, but the amount may vary. All rooms must be labeled. Sign-on Bonuses: Provided to new hires to attract top talent, especially for roles that are critical or hard to fill.