bonus clause
Extra payment provision
A bonus clause is a provision in a contract that specifies additional compensation if certain conditions are met.
Common in employment and athlete contracts, bonus clauses tie extra payment to performance benchmarks, sales targets, or other measurable outcomes: His contract includes a bonus clause for making the playoffs.
Distinguished from base salary or guaranteed money.
- incentiveReward encouraging action
- contractEnforceable written agreement
- payoutMoney distributed to recipient
- performanceCarrying out a task
- signingInscribing one's name
milestone · negotiation · deal · salary · earnings · pay bump · reward · trigger · threshold · vesting schedule · agreement · stipulation · provision · golden · parachute · retention · team option · target