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 client letter: advising senior employee/director on negotiating an executive service agreement; clause-by-clause issues, pay/bonus, PILON, garden leave, restrictive covenants, and listed-company corporate governance considerations
Published by a
LexisNexis Employment expert
Precedents
[ Insert name and address of employee ]
Dear [ enter name ]
Draft service agreement
I am sending a service agreement for your consideration and review, prepared by [ your employer OR your employer’s solicitors ]. [ You will notice that there are sections in square brackets where I will need your direction. ] When you have had time to read the draft in full, please contact me at your convenience so we can talk through any further changes to recommend to your employer. This sort of contract is generally designed for a more senior employee on a conventional working pattern and structure. If you will be working irregular hours or have (or wish to have) any flexible arrangements, do please tell me, as the agreement will require adjustment to reflect this. I set out below some specific key points on certain clauses in the draft [ and have flagged some of the more important points on which you may wish to negotiate variations ]. [ The contract has been produced to align with your offer letter, but this document is, of course, more comprehensive than the offer letter. ]...
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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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