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There are two ways to categorize most bonuses: discretionary (not guaranteed) or nondiscretionary (guaranteed as shown in your employment contract). Companies often use bonuses as a way to increase productivity, improve employee retention, thank employees for their efforts and create a positive work environment.
It has 51 members from 51 council districts throughout the five boroughs. The council serves as a check against the mayor in a mayor-council government model, the performance of city agencies land use decisions, and legislating on a variety of other issues. It also has sole responsibility for approving the city budget.
A discretionary bonus is one given at the sole discretion of the employer and is not expected by the employee. The key to discretionary bonuses is that the employer has not set an expectation that a bonus will be paid if certain goals are met and the amount and timing of the bonus are not given in advance.
What does discretionary payment mean? Discretionary pay, or a discretionary bonus, is pay from your employer which is not guaranteed or expected. The requirements for awarding the bonus are flexible, but will usually include certain criteria.
What is a Discretionary Bonus? Most bonus schemes are expressed to be discretionary. This means that bonus entitlements are not contractual and the requirements for awarding a bonus are flexible.
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noun. An award or (especially in early use) a prize given at the discretion of an adjudicating panel, official body, etc., where there is no obligation to do so; specifically = discretionary grant .
Discretionary Award means the portion, if any, of a Participant's Incentive Award for a Plan Year that is not determined by defined objective performance criteria.
$101 billion: The total expense budget. That will be the largest budget the city has ever adopted \u2013 though actual spending for fiscal year 2022 is estimated to come in at $101.7 billion. That's $3 billion more than the $98.7 billion budget that was adopted last June.
A discretionary bonus is a form of variable pay; the amount, requirements, timing and announcement of the bonus should not be disclosed in advance, as this may appear to be a motivator or incentive implying that meeting certain levels would guarantee a bonus or reward.
Suppose the nonexempt employee received a year-end bonus. In that case, accountants must apportion it back into the work weeks in which it accrued to recalculate any additional overtime pay owed to the employee for the same period. On the other hand, discretionary bonuses don't need to factor into overtime pay.

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