bonus

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bonus

A general term for any benefit of a job or a lump-sum payment given to an employee, often at year’s end—e.g., “Christmas bonus”—which is a tangible expression of the employer’s gratitude for the employee’s performance.

bonus

Any benefit of a job or a lump-sum of cash given to an employee, which is a tangible expression of the employer's gratitude for the employee's performance. See Immune bonus, Marriage bonus, Signing bonus.
References in periodicals archive ?
In the Balkans, Christmas bonuses are a bit less common in Bosnia andHerzegovina (15 percent) and Serbia at 8 percent, but the percentages are much higher than in Croatia or Slovenia.
In the past six years, Texas has paid $317 million in bonus payments and hiring bonuses, as well as bonus payments to health and human service department workers from a federal stipend for "high performance bonus" payments to workers.
Claims for unpaid bonuses are made every year to the DOL, and those claims are usually not covered by the employer's employment liability insurance coverage.
The IRS recognized that the employer is obligated under the bonus plan to pay the group of employees the minimum amount of the bonuses determined by the end of the year.
htm) 2014 Glocap Hedge Fund Compensation report that said even junior professionals working for a hedge fund will see a third consecutive yearly rise in pay and bonuses.
In order to avoid complaints, it is prudent for employers to proceed with some caution when exercising their discretion over the payment of bonuses.
The employer's liability to pay a minimum amount of bonuses to the eligible employees is fixed at the end of the tax year in which the services are rendered;
Whether in banking or not, the ultimate test of paying bonuses is whether they incentivise individuals to produce better results.
On bonuses for the current year an Assembly Government spokesman said: "Senior civil service bonus payments pay is agreed at a UK level and we are awaiting specific advice from the Cabinet Office.
Bonuses are used for executives of larger companies as an incentive-oriented form of compensation, based on the attainment of profit or other goals during the year.
125,500, the average bonus on Wall Street in the beginning of 2006, will seem like chump change at the start of 2007 when bonuses averaging $650,000 are expected to have a major impact on first quarter sales numbers.
In recent years, state and local officials have sweetened public-pension plans by expanding the list of bonuses that can be considered as income to determine the size of a worker's retirement check.