The Bonus Plan of [Name of Company] is designed to provide incentive compensation for all eligible employees. To be eligible for the bonus payment, an employee must have been employed as of July 1, have a satisfactory year-end performance rating and must be employed as of December 31 of the bonus plan year.

The amount of the bonus pool is based on year-end company profit. Each eligible employee’s bonus is computed as a percentage of wages or base salary received as of year-end. Bonus payments will be made no later than March 31 of the following year. The payment will be taxed at the flat IRS rate plus applicable state rates for bonus payments.

The Bonus Plan is provided at the discretion of [Name of Company]. [Name of Company] reserves the right to administer, modify or terminate the Plan with or without notice to the employees. Posted May 23, 2008 by Kevin Gramian at Optimum Outsourcing.

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