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LSDefine

Simple English definitions for legal terms

bonus

Read a random definition: political assessment

A quick definition of bonus:

Bonus: An extra payment given to someone as a reward for doing a good job or as an incentive to do better. It's like getting a surprise gift for working hard or achieving something special. In some jobs, bonuses are given at the end of the year to show appreciation for the work done throughout the year. It's not a gift, but a payment for the extra effort put in. In the oil and gas industry, a bonus is an additional payment made to encourage someone to sign a lease for drilling on their land. A performance bonus is given to someone who has done exceptionally well in their work.

A more thorough explanation:

A bonus is an extra payment given in addition to what is expected or due. In the context of employment, bonuses are not gifts but are paid for services or as an incentive for outstanding productivity.

For example, at the end of the year, some companies give their employees a bonus as a reward for their hard work throughout the year. Another example is in the oil and gas industry, where a bonus may be paid to a lessor as an incentive to sign an oil-and-gas lease.

The amount of bonus paid may vary depending on the nature of the development activity in the area. If the land is located in a semi-proven area or a logical extension of a proven field, the bonus paid may be substantial.

Overall, a bonus is an additional payment given as a reward or incentive for exceptional performance or as a way to attract business in certain industries.

bonum factum | bonus share

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General chat about the legal profession.
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Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
WorthlessAttractiveZombie
7:44
My berkeley paragraph finally disappeared. I definitely think it is just an indicator that they are actively reviewing files, and does not mean anything about A, WL, or Rs
WorthlessAttractiveZombie
7:46
Also has anyone's date disappeared for W&L? Mine did last night
7:55
@WorthlessAttractiveZombie: mine did yesterday morning
7:56
Oops sorry I meant Vilanova. Mine disappeared last week
soapy
8:48
UMN under review! As predicted, decisions are gonna come out early December
Minus those random R decisions from UMN yesterday though right? I wonder what happened there. I don’t think I’ve seen a school start the season out with anything but As on here
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