Jurisdiction(s):
United Kingdom
United Kingdom
Key definition
Bonus definition What does Bonus mean? In employment practice, a bonus is an additional payment over basic salary, typically linked to performance, profitability, recruitment or retention, and paid under a contract or scheme. The term is descriptive rather than defined in statute, but in England & Wales, Scotland and Northern Ireland (under employment rights legislation) and in Ireland (under payment of wages legislation), many bonuses are treated as “wages” for protections against unlawful deductions and for payment on termination. Usage is broadly consistent across these jurisdictions. Key features: - Contractual vs discretionary: A contractual or guaranteed bonus is enforceable according to its terms (often formula-based). A discretionary bonus...
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Precedent: Private Company Profit-Linked Cash Bonus Scheme - Participant Letter and Schedule (England and Wales)
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Precedents
[ TO BE TYPED ON Company HEADED PAPER ]
[ insert date ]
[ insert name of Employee ]
[ insert address ]
Dear [ insert name ]
The [ insert name of company ] Bonus Scheme
I am pleased to inform you that you have been chosen to take part in the [ insert name of company ] Bonus Scheme (the ‘ Scheme ’). Under the Scheme, you will qualify for a bonus payment linked to the profits of [ insert name of company ] (the ‘ Company ’) for the 12-month period ending [ insert date ] (the ‘ Bonus Year ’). The conditions governing if, and when, any bonus becomes payable to you are described in the Schedule to this letter (the ‘ Schedule ’). After the Bonus Year, the Board of the Company will decide that a portion of the Company’s profits for the Bonus Year will be set aside for the payment of bonuses to participants in the Scheme who have remained employees of the group (and are not on notice of cessation of employment)...
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Web page updated on 22/05/2026
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Date [ date ] Parties [ name of Landlord ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Landlord) [ name of Tenant ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Tenant) [ [ name of Guarantor ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Guarantor) ] [ [ name of Mortgagee ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Mortgagee) ] Definitions Within this Deed, the terms below shall be interpreted as follows: [ Annual Rent • the annual sum reserved under the Lease; ] [ Insurance Rent • the Tenant’s share of the Landlord’s costs of insuring the Property (as set out in the Lease); ] Lease • the lease of the Property dated [ date ], entered into between (1) [ the Landlord OR [ name ...
I, [ name ], of [ address ], solemnly and sincerely state that: [ Matters to be verified, set out in numbered paragraphs ] I make this solemn statement in good conscience, believing it to be true, and pursuant to the provisions of the Statutory Declarations Act 1835. DECLARED at [ details ] this [ day ] day of [ month and year ] Before me ................................................................................ [ signature of the person before whom the declaration is made ] A [ commissioner for oaths OR [ solicitor OR [ insert other qualification ] ] authorised to administer oaths ]...
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