Bonus Clause
/ˈboʊ.nəs klɔːz/
Definitions
- (n.) A contractual provision granting an additional payment, usually contingent on meeting specified performance criteria.
The employment contract included a bonus clause rewarding sales targets.
Forms
- bonus clauses
Related terms
See also
Commentary
Bonus clauses must explicitly define performance metrics to avoid disputes over entitlement.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.