Publisher one

Genie AI

Jurisdiction

England and Wales

Contract party

Type of legal document

💼 Bonus schedule

Business activity

Create bonus schedule

Why use a 💼 Bonus schedule?

A bonus schedule is a list of the different types of bonuses an employer can give to their employees. It outlines how much each bonus is worth, and what criteria employees must meet to receive them. This helps to ensure that bonuses are given fairly and consistently, and that employees know what they need to do to earn them.

This legal template is designed to establish a Bonus Schedule for an Annual Bonus program that is calculated based on the Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) metric, specifically under the jurisdiction of UK law.

The template would outline the terms and conditions defining how the annual bonus is calculated for eligible employees within an organization. It would provide a clear framework for determining the bonus amount by referencing the EBITDA, which is a widely accepted financial indicator used to assess a company's operational performance.

The document would likely begin by defining the eligibility criteria for the annual bonus program, specifying the roles or positions within the company that are entitled to participate. It would also establish the time period for which the EBITDA calculation is relevant, typically aligning with the company's fiscal year.

Furthermore, the template would outline the formula or methodology through which the bonus amount is determined based on the EBITDA performance. This may include specifying the minimum or target EBITDA threshold that needs to be achieved for any bonus to be awarded. The document would also indicate the percentage or proportion of the EBITDA that would be allocated towards the bonus pool, considering factors such as the company's financial goals and available resources.

Additionally, the template may address the issue of proration in case an employee is not employed for the entirety of the fiscal year. It may provide guidelines on how the bonus should be prorated based on the employee's duration of service.

The document would touch upon the administration and payment process, including the timeline within which the bonuses are determined, approved, and distributed to eligible employees. It would also outline any applicable restrictions, such as clawback provisions that allow the employer to recoup the bonus in case of certain events, like financial restatements or unethical behavior.

Overall, this legal template provides a structured framework for organizations in the UK to establish their annual bonus program based on EBITDA performance, ensuring transparency, fairness, and legal compliance.

How it works

Create doc / use template

Chat to our AI Legal Assistant

Edit, collaborate & share

Export to .docx

PRODUCT HUNT
#1 Product of the Day

Try using Genie's Free AI Legal Assistant

Generate quality, formatted contracts with AI

Can’t find the right template? Create the bespoke agreement in minutes by conversing with our AI and tailoring to your needs

Let our Legal AI make 
edits for you

Ask Genie to edit your document in the same way you’d ask a paralegal. Genie makes track changes, and explains its thinking just like a junior lawyer would.

AI review

Can’t find the right template? Create the bespoke agreement in minutes by conversing with our AI and tailoring to your needs

See Genie AI in action

Book your personalised demo now

Schedule a live, interactive demo with a Genie expert
Understand the most valuable features of Genie based on your workflow
Find out exactly how your business will benefit, from hours saved to faster revenue



Click here to book your personalised demo now.

Thank you for requesting a demo. You can book one immediately using the following link if you'd like to: https://bit.ly/GenieAIDemo

If you'd like to, you can now fill in our ROI calculator - you'll get instant results, which we'll use to make your demo even more specific.

Calculate now
Oops! Something went wrong while submitting the form.



Click here to book your personalised demo now.

Similar legal templates

Social Media Company Guidelines For Employees

This legal template serves as a comprehensive guide outlining the social media guidelines and best practices that employees of a specific social media company in the United Kingdom (UK) are required to follow. This document is essential in ensuring that all employees understand and adhere to the company's policies regarding the use of social media platforms, both in their professional capacity and personal accounts, to maintain a positive brand image and mitigate legal risks.

The template provides detailed information on various aspects related to social media usage, such as privacy, confidentiality, intellectual property rights, online etiquette, compliance with existing laws and regulations, and the protection of sensitive information. It helps employees understand the boundaries set by the company when expressing personal opinions or representing the organization online, emphasizing the need for responsible and ethical behavior on social media platforms.

Additionally, the template may elaborate on policies related to the disclosure of affiliation or employment with the social media company, ensuring that any public statements made on social media accounts remain transparent and do not misrepresent the employee's role. It may cover guidelines for handling conflicts of interest, when discussing or promoting competitor products, or engaging in activities that may be construed as a conflict of interest.

Furthermore, the template could address the management of brand reputation by advising employees on appropriate engagement with customers, clients, partners, or the general public, both in public and private communications. It may also provide guidance for employees on how to handle and respond to negative comments, potential trolls, or controversial topics in a professional and respectful manner.

Lastly, the legal template may highlight the potential consequences for non-compliance with the outlined policies, including disciplinary actions that may be taken if an employee violates the social media guidelines. This serves as a useful reference for both the employer and employees, ensuring a clear understanding of the rights, responsibilities, and acceptable behavior concerning social media usage in accordance with UK law.
Read More

Publisher

Genie AI

Jurisdiction

England and Wales
TEMPLATE
USED BY
9
RATINGS
3
DISCUSSIONS
3

Long-Form Employee Social Media Use Policy (UK)

The Long-Form Employee Social Media Use Policy (UK) is a legal template developed specifically for businesses operating in the United Kingdom. With social media platforms increasingly becoming an integral part of daily life, both personal and professional, this policy serves to establish guidelines and expectations surrounding employee engagement on social media.

Underpinned by UK law, this comprehensive policy addresses various facets of social media use within the workplace and beyond. It aims to set clear boundaries and rules to ensure that employees understand their responsibilities when using social media platforms. Additionally, the policy aims to protect the company's reputation, confidential information, and intellectual property.

This legal template delineates guidelines and best practices for employees in terms of their personal social media usage, as well as their engagement representing the company in an official capacity. It outlines appropriate online behavior, emphasizing the importance of maintaining professionalism and respect for colleagues, clients, customers, and other stakeholders.

Furthermore, the policy touches upon privacy considerations, highlighting the boundaries between personal and professional information, making clear what kind of content can and cannot be shared. It may also discuss the potential disciplinary actions for violations of the policy, fostering an environment of accountability and compliance.

The Long-Form Employee Social Media Use Policy (UK) serves as an essential document for businesses seeking to establish a consistent and legally sound approach to social media use by employees. By implementing this policy, employers can mitigate potential risks associated with online activities and safeguard their brand reputation in the digital realm.
Read More

Publisher

Genie AI

Jurisdiction

England and Wales
TEMPLATE
USED BY
8
RATINGS
2
DISCUSSIONS
3

Brand Ambassador Contract (Influencer)

The Brand Ambassador Contract (Influencer) under UK law is a legal template that outlines the terms and conditions of an agreement between a brand or company and an individual influencer acting as a brand ambassador. This contract is specific to UK law and helps establish a clear understanding of the relationship and obligations between both parties.

In this contract, the template covers various important provisions such as the scope of the brand ambassador's role and responsibilities, including content creation, promotion, and representing the brand in a positive light. It also addresses the duration and termination clauses, specifying the length of the partnership as well as the circumstances under which the agreement may be terminated by either party.

The compensation and payment terms are clearly defined in the contract, including any commission, royalties, or other forms of remuneration the influencer may receive for their services. It may also outline the fee structure, capping, or performance-based incentives based on agreed-upon metrics.

The intellectual property rights section of the contract ensures that the ownership of created content, including text, images, videos, or other media, remains with the brand or its authorized entities. This section may also address the influencer's responsibility to disclose partnerships and sponsored content, ensuring compliance with relevant advertising regulations and guidelines.

Confidentiality and non-disclosure clauses protect proprietary information and trade secrets shared by the brand with the influencer. It ensures that the influencer maintains the confidentiality of such information during and after the term of the contract.

The contract may also touch upon legal compliance matters, such as the influencer's compliance with advertising standards, data protection regulations, and any other laws applicable to their conduct as a brand ambassador.

Overall, the Brand Ambassador Contract (Influencer) under UK law is a comprehensive legal template designed to provide a clear framework for both the brand and the influencer, ensuring a mutually beneficial and legally compliant working relationship while protecting the interests of all parties involved.
Read More

Publisher

Genie AI

Jurisdiction

England and Wales
TEMPLATE
USED BY
8
RATINGS
3
DISCUSSIONS
2