Employment
Compensation Plan Agreement
Employee compensation contract detailing salary, bonus structures, commission terms, equity participation, and benefits package for comprehensive employment compensation arrangement and expectations.
Key Clauses
1
Base Compensation
Defines salary amount, pay frequency, and any guaranteed minimum compensation.
2
Bonus Structure
Details performance bonus criteria, calculation methods, and payment timing.
3
Commission Terms
Specifies commission rates, qualifying sales, and payment schedules.
4
Equity Compensation
Covers stock options, RSUs, vesting schedules, and exercise terms.
5
Benefits Package
Lists health insurance, retirement plans, PTO, and other employment benefits.
Use This Template
When You Need This
- Documenting a complex compensation package for a senior hire
- Formalizing commission and bonus structures for sales teams
- Offering equity compensation to key employees or executives
- Updating employee compensation terms during annual reviews