Incentive Bonus Agreement Template for Saudi Arabia

1. Tax Treatment: Include when employees are subject to different tax regimes or for international employees

2. Religious Holiday Considerations: Include specific provisions for bonus payments around Ramadan or other religious periods

3. Team Performance Metrics: Include when bonus is partially based on team or department performance

4. Currency and Exchange Rates: Include for international employees or when bonuses may be paid in multiple currencies

5. Non-Competition and Loyalty: Include when bonus is tied to retention or loyalty requirements

6. Dispute Resolution Process: Include detailed alternative dispute resolution procedures when preferred over court proceedings

7. Force Majeure: Include specific provisions for bonus adjustments during exceptional circumstances

1. Schedule 1 - Performance Metrics Detail: Detailed breakdown of all performance metrics, targets, and measurement methodologies

2. Schedule 2 - Bonus Calculation Examples: Practical examples showing how bonuses are calculated under different scenarios

3. Schedule 3 - Payment Schedule: Detailed timeline of assessment periods and corresponding payment dates

4. Schedule 4 - Approval Matrix: Matrix showing approval requirements for different bonus levels

5. Appendix A - Bonus Pool Allocation: If applicable, details of how overall bonus pool is allocated across eligible employees

6. Appendix B - Performance Assessment Forms: Standard forms used for performance evaluation related to bonus determination