Hiring Bonus Agreement Template for Australia

1. Performance Criteria: Used when the bonus payment is tied to specific performance metrics or objectives

2. Multiple Payment Installments: Include when the bonus will be paid in multiple tranches with specific timing

3. International Tax Provisions: Required for international employees or those with cross-border tax obligations

4. Project Completion Requirements: Used when bonus is contingent on completing specific projects or milestones

5. Non-Competition Clause: Include when the bonus is tied to non-compete obligations

6. Superannuation Treatment: Required when specifying whether the bonus is subject to superannuation contributions

7. Termination Impact: Details how various types of employment termination affect the bonus

1. Schedule 1 - Payment Schedule: Details the timing and breakdown of bonus payments if paid in installments

2. Schedule 2 - Performance Metrics: Detailed description of any performance criteria linked to the bonus

3. Schedule 3 - Tax Declaration Form: Required tax forms and declarations

4. Appendix A - Acknowledgment Form: Employee acknowledgment of bonus terms and conditions

5. Appendix B - Clawback Calculation Method: Detailed methodology for calculating clawback amounts if required