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SALARY DEFERRAL AGREEMENT Plan Name: Participant Name: Print or Type Complete Legal Name First, MI, Antisocial Security Number: Street Address: City: Check One:New AgreementState: Change ZIP: Bonus
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Bonus election is the process by which an individual selects a one-time bonus instead of receiving a salary increase.
Employees who have the option of receiving a bonus instead of a salary increase are required to file a bonus election.
To fill out a bonus election, employees must provide their personal information, select the bonus amount, and sign the form.
The purpose of bonus election is to give employees the option of receiving a one-time bonus instead of a salary increase.
Employees must report their personal information, selected bonus amount, and sign the form.
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