1. Introduction

This Employee Bonus Policy outlines the framework for awarding bonuses to eligible employees at [Company Name]. Our bonus program is designed to recognize and reward exceptional performance, foster a culture of excellence, and align employee efforts with company objectives.

1.1 Purpose

The purpose of this policy is to:

• Motivate employees to achieve and exceed performance goals
• Retain top talent by providing competitive compensation
• Align individual and team efforts with company objectives
• Promote a performance-driven culture
• Recognize and reward exceptional contributions to the company

1.2 Scope

This policy applies to all full-time and part-time employees who have completed their probationary period. Temporary employees, contractors, and interns are not eligible for bonuses under this policy unless explicitly stated in their contracts.

2. Types of Bonuses

[Company Name] offers the following types of bonuses:

2.1 Performance-Based Bonuses

These bonuses are tied to individual, team, or company performance metrics.

• Individual Performance Bonus: Based on achieving personal KPIs and goals
• Team Performance Bonus: Awarded for meeting or exceeding team objectives
• Company-Wide Bonus: Linked to overall company performance and financial results

2.2 Spot Bonuses

Immediate rewards for exceptional performance or contributions outside regular job responsibilities.