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Employment Relations: Employment agreement builder

Section 7: Payment – Commission and Bonuses

In addition to an employee’s salary or wage, a commission, bonus, or additional incentive may be applied to the agreement to recognise the employee’s performance. A general selection is provided below.

Commission
 
The Employee shall be entitled to receive Commission in addition to their base salary or hourly rate of on the following basis . The employee’s pay shall be paid on .


Bonus for achieving objectives
 
The Employee shall be eligible to receive a bonus in provided the Employee achieves in the reasonable opinion of the Employer the objectives agreed between the Employer and the Employee at the beginning of that period.
Bonus at the employer’s Discretion
 
The parties agree that the Employee may, at the employer’s sole discretion, be paid a bonus at the end of .
I do not require this clause in my agreement.


Service Payment
 
The Employee shall be entitled to receive an increase in their salary/wages upon the achievement of years continuous service with the Employer. This increase shall be as follows, and will be in addition to any agreed increases allocated under any salary review process:



Payments Recognising Qualifications or Skills Acquired on the Job
 
The Employee shall be entitled to receive the following payments, upon achievement of the following qualifications/skills:



Review
 
The Employer agrees to review the employee’s salary/wages on the 12 month anniversary of this employment agreement and every 12 month anniversary thereafter. The parties agree that the Employee shall not have any necessary entitlement to an increase, but, the Employer agrees to conduct this review in good faith and to consult with the Employee during the review.
About OER | Department of Labour, May 2006. © The Crown