WebMar 1, 2024 · Discretionary pay, or a discretionary bonus, is pay from your employer which is not guaranteed or expected. The requirements for awarding the bonus are flexible, but will usually include certain criteria. … WebA discretionary bonus is a form of variable pay where an employer provides additional compensation to an employee for reasons that are not pursuant to any prior contract, …

What

WebFeb 8, 2024 · A bonus is extra pay that a company agrees, orally or in writing, to provide to an employee. A discretionary bonus can be for specific or unexpected situations and are not part of the employee’s monthly contractual amount. This type of bonus is typically awarded for exceptional performance, contribution or accomplishment that goes far … WebAug 18, 2024 · A discretionary bonus is an extra payment the company pays the employee in unexpected situations. These payments aren't a part of the employment … fashion style glasses

What is discretionary bonus? HR Definitions & Examples

WebDiscretionary Bonus. A discretionary bonus is a sort of additional remuneration that an employer decides to give to an employee without the employee’s knowledge or consent. … WebDiscretionary Bonus Pool means a bonus pool equal to $1,687,500 that will be allocated by the Board only among Timothy C. Pigg, Robin Menchen, and Thomas J. Koenig, subject to their continued employment or service at the time of a Payment Trigger; provided, that it must be paid out so long as at least one of Timothy C. Pigg, Robin Menchen, and ... WebSep 11, 2024 · Retention Bonus: A retention bonus is a payment or reward outside of an employee's regular salary that is offered as an incentive to keep a key employee on the job during a particularly crucial ... fashion style girl jeans