Fixed bonus

An individual may be given a fixed bonus ­ i.e. a bonus of a fixed amount in a fixed form (e.g. cash, share options, shares) ­ by their employer. For example, this could be set out in a contract, offer letter, bonus agreement or other. This will not necessarily mean that it is an unconditional or guaranteed bonus but, if the conditions are met, then it should be clear what they are getting.