Long-Term Incentive Cash Bonus Agreement

Summary

This template is a long-term arrangement in relation to payments intended to be made more than 12 months following the grant of time- or performance-based cash bonuses to an employee to incentivize the employee to remain employed and/or accomplish individual and/or organizational goals. This template includes practical guidance and drafting notes. For a full listing of key content that can be used by in-house counsel to develop, revise, and implement a company's employee and third-party-related policies, see In-House Company Policies Resource Kit.