This document is an optional clause for a performance based bonus. This clause is designed for inclusion in the employment contract for employees who are entitled to, or eligible to participate in, a performance bonus.
For an employment agreement, see the separate precedent collection, including the “Basic employment agreement (short form)” and “Basic employment agreement (long form)”. Clauses should be adapted to ensure consistence of terminology, particularly in relation to defined terms.
This document has been authored for LexisNexis and is authorised by Joe Catanzareti, Partner, Clayton Utz, Sydney and updated by Brooke Pendlebury, Principal, Pendlebury Workplace Law, Sydney.
This document is prepared with the assistance of Specialist Editor Justine Turnbull, Partner, Seyfarth Shaw Australia.