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Free Sample Sign On Bonus Contract


Use this template for creating your own recruitmennt sign on bonus to clearly lay out all the terms and conditions of the payout.





Sample Employee Recruiting Bonus Contract



Bonus Contract


Employee Name:

________________________________

Date: __/__/___

Employee ID: ________ Dept: _______


Working Title:

________________________________



Starting Salary:

________________________________



Total Bonus Amount: __________________

Percentage of Annual Salary: ________

Number of Payouts: _____

Payments Effective Dates and Total Amounts:

________________________________

Hiring Manager's Name:

________________________________

The first initial payment of $________ will be made when the above mentioned employee reports to work on ____/____/______. The subsequent payment of $______ will be made upon the completion of _____ months of satisfactory or above work performance. This signing bonus is not part of the base salary calculation but is considered taxable income. The employee understands that the signing bonus is forfeited if the employee fails to report to work. Also, the employee understands that the remainder of the bonus are forfeited if the employee is no longer in the position to which they are hired or if their performance is not satisfactory. Additionally, the employee understands that a signing bonus is not included in retirement salary calculations. The above mentioned employee understands and agrees to these terms and conditions. I do hereby certify to agreement of the above mentioned terms as stated by signing below:


_______________________ Date_____
Employee Signature


_______________________ Date_____
Hiring Manager Signature





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