Common use of Bonus Amount and Method of Payment Clause in Contracts

Bonus Amount and Method of Payment. The referring employee shall receive a bonus of two hundred and fifty dollars ($250.00) for each referred candidate actually hired into an eligible regular position. An additional five hundred dollars ($500.00) shall be paid upon the new employee’s completion of 26 pay periods. Employees must code at least seventy-two (72) hours in a pay period in order for it to count toward the 26 pay period requirement. Said bonus shall be considered taxable income and subject to withholding.

Bonus Amount and Method of Payment. The referring employee shall receive a bonus of two hundred and fifty dollars ($250.00) for each referred candidate actually hired into an eligible regular position. An additional five hundred dollars ($500.00) shall be paid upon the that new employee’s completion of 26 pay periods. Employees must code at least seventy-two (72) hours in a pay period in order for it to count toward the 26 pay period requirement2,080 service hours. Said bonus shall be considered taxable income and subject to withholding.

Bonus Amount and Method of Payment. The referring employee shall receive a bonus of two hundred and fifty dollars ($250.00) for each referred candidate actually hired into an eligible regular position. An additional five hundred dollars ($500.00) shall be paid upon the new employee’s completion of 26 pay periods. Employees must code at least seventy-two (72) hours in a pay period in order for it to count toward the 26 pay period requirement2,080 service hours. Said bonus shall be considered taxable income and subject to withholding.