Bonus

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Bonus is something in addition to what is expected or strictly due. In worker's compensation, bonus is a pay plan that rewards employees for recent performance rather than historical performance. In a legal partnership, an equity bonus is a payment by a new partner or, vice versa, to a new partner.


Definitions

According to Organizational Behavior by Robbins and Judge (17th edition),

Bonus. A pay plan that rewards employees for recent performance rather than historical performance.

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