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Bonus Payments (including Incentive Compensation)
National Summary
Many employers offer their employees various types of bonuses—including performance awards, gain-sharing systems, and profit sharing. While bonuses are generally used to reward performance, awards are not directly tied to job performance and are usually offered for perfect attendance, for providing new hire referrals, to recognize an outstanding employee, to motivate employees to work safely, or to reward employee suggestions. There are various legal and tax considerations for employers giving awards and bonuses to their employees. Promised bonuses may be construed as contracts by the courts, while the Fair Labor Standards Act (FLSA) requires employers to count nondiscretionary bonuses in an employee's regular rate of pay for the purpose of calculating overtime.
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TypeTitleDateState
2139timesavers.aspxLetters Announcement of a Bonus Payment  National
16385timesavers.aspxPolicies Bonus Payments  National
16107timesavers.aspxPolicies Bonus Plan (Progressive)  National
16124timesavers.aspxPolicies Bonus Plan (Standard II)  National
16106timesavers.aspxPolicies Bonus Plan (Standard III)  National
1127timesavers.aspxPolicies Bonus Plan (Standard)  National
16125timesavers.aspxPolicies Bonus Plan (Strict)  National
16387timesavers.aspxPolicies Bonus Plan--Discretionary Bonus  National
16388timesavers.aspxPolicies Bonus Plan--Hourly Employees  National
16383timesavers.aspxPolicies Bonus Plan--Medical Audit Program  National
16384timesavers.aspxPolicies Bonus Plan--Salespeople  National
18346timesavers.aspxChecklists Bonuses Checklist  National
3050state_comparison_charts.aspxGuidance Communicating ESOP advantages  National
90550faqs.aspxQuestions & Answers Does BLR have sample Discretionary Bonus Plan documents? 12/05/2011National
2220timesavers.aspxPolicies Employee Referral Program  National
8925timesavers.aspxPolicies Employee Service Awards  National
2660state_comparison_charts.aspxGuidance Employee Stock Ownership Plans (ESOP)  National
3062state_comparison_charts.aspxGuidance Executive Short-term Variable Pay Programs  National
2157timesavers.aspxLetters Explanation of Individual Bonus Payment  National
3046state_comparison_charts.aspxGuidance Gainsharing  National
18348timesavers.aspxChecklists Incentive Compensation Checklist  National
9301timesavers.aspxForms Matching Gift Form  National
1558timesavers.aspxForms Merit Rating Review Form  National
3047state_comparison_charts.aspxGuidance Objective-Based Pay  National
3051state_comparison_charts.aspxGuidance Pay At-Risk  National
2653state_comparison_charts.aspxGuidance Profit-Sharing Plans  National
1199timesavers.aspxPolicies Progression Pay Increases (Hourly)  National
3061state_comparison_charts.aspxGuidance Sales Team Incentives  National
3063state_comparison_charts.aspxGuidance Sign-On Bonuses  National
3053state_comparison_charts.aspxGuidance Team-Based Rewards  National
3060state_comparison_charts.aspxGuidance Variable Pay Linked to Competencies and Performance  National
92543faqs.aspxQuestions & Answers We are considering a discretionary bonus plan. Do you have examples of some criteria that we can use to distribute the funds? We don't want it to be a non-descretionary plan, but would like it to be incentive driven. 11/01/2012National
81867faqs.aspxQuestions & Answers We plan to pay bonus to one Vice President who had remarkable performance. This bonus is very particular and not for every employee. What should we do to avoid misunderstandings by other employees? 03/08/2010National
93812faqs.aspxQuestions & Answers We would like to have a monthly drawing for a cash bonus 06/26/2013National
81243faqs.aspxQuestions & Answers What is the dollar limit of a cash award that does not need to be included in reportable wages or is there a minimum limit? 11/18/2009National
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