Sufficient funds remain within your budget. Sufficient hours have been worked to earn bonus.Create a comprehensive employee bonus policy with this template. Ensure clarity and consistency in your company's bonus structure. This bonus will be paid in one lump sum in a separate check on the next regularly scheduled pay date. This page contains Annual Bonus clauses in business contracts and legal agreements. We have organized these clauses into groups of similarly worded clauses. Not all bonuses are gratuitous, but can be a form of expected compensation for services rendered. A bonus plan is an agreement between the employer and employee to pay out a predetermined amount of money based on performance. At Texas State University, we recognize that candidates sourced from employee referrals are one of the University's best recruitment tools.