Annual Bonus Agreement

A general meeting of the working group is required to approve or amend the bonus provisions. This procedure should take into account the opinion of the elected body responsible for contracting. Added to the organization of a bonus commission allows you to streamline the bonus appointment and payment process. Systematize bonus issues, encourage workers to work productively and in quality, and strengthen work discipline. Below is an exemplary form of bonus provident for an average business organization. This form template is industry-wide and can be used as a basis when an organization develops its own bonus provision. In this case, sectoral data should be taken into account (note 1). The annual bonus is calculated on the basis of quarterly and annual indicators of the plan. The annual bonus is paid in increments, no earlier than at the end of each quarter of the year for which the bonus is calculated and paid. The payment of bonuses for quarterly planning indicators is limited to 100% performance indicators. The final annual calculation of the unlimited bonus is made during the fourth quarter, taking into account the rules set out in Appendix 1. Our company rewards employees for their outstanding individual performance and contributions that help us achieve the company`s goals. For this reason, we award bonuses in three forms: 3.2.

Bonus payments are not made to employees who have violated internal labour rules, safety rules, other local regulatory acts of the company in the corresponding calendar year, nor have they otherwise fulfilled their work obligations in the calendar year indicated. Nevertheless, FIRM has the right, at its sole discretion, to pay these workers bonuses in the manner and conditions provided by these regulations. 1. The bonus provision is introduced to increase the interest of employees of the organisation in increasing the productivity of their work and the quality of products (work done, services provided), in the manifestation of the professional initiative, improving the methods of work organization and strengthening work discipline. If a sample of the regulations on bonuses and material incentives is used to create a local legal act of the company, this will greatly simplify the process. 2. General conditions and procedures for calculating and paying bonuses – If a worker is rewarded at the same time for several reasons, the corresponding amount of bonuses (by indicating the reasons) is counted in different lines. For each bonus indicator, the amount of the bonus can be up to 10% of the employee`s salary, calculated in scales and scales (unless otherwise stated). The specific amount of the bonus for each worker`s incentive is determined by the head of the work collective; 5.1. For high-performance in the work that the company deems necessary, a single (single) bonus may be paid to the company`s employees, including: 1.2. These regulations on bonuses and material incentives for workers are developed in accordance with the labour and tax codes of the Russian Federation as well as other regulatory acts of the Russian Federation.

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