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Bonus Confidentiality Agreement

Bonus Confidentiality Agreement Template for New Zealand

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Key Requirements PROMPT example:

Bonus Confidentiality Agreement

"I need a Bonus Confidentiality Agreement for a senior software developer in our fintech startup who will have access to our proprietary trading algorithms and will be eligible for quarterly performance bonuses starting March 2025."

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Document background
The Bonus Confidentiality Agreement is designed for use in situations where employees require access to sensitive company information while also being eligible for performance-based bonuses. This document type is particularly relevant in New Zealand's business environment, where protection of confidential information must comply with the Privacy Act 2020 and Employment Relations Act 2000. The agreement serves dual purposes: firstly, it safeguards the company's confidential information, trade secrets, and intellectual property; secondly, it establishes clear terms for bonus payments tied to performance metrics. It's commonly used when onboarding senior employees, during promotions, or when implementing new bonus schemes where employees will have enhanced access to sensitive information. The document typically includes specific provisions about information handling, non-disclosure obligations, bonus calculation methodologies, payment terms, and conditions for maintaining bonus eligibility.
Suggested Sections

1. Parties: Identification of the parties entering into the agreement, including the employer and employee

2. Background: Context of the agreement, including the employment relationship and reason for the confidentiality and bonus arrangement

3. Definitions: Key terms used in the agreement, including 'Confidential Information', 'Bonus', 'Performance Metrics', and other relevant terms

4. Confidentiality Obligations: Core confidentiality provisions, including scope of confidential information and employee's duties to maintain confidentiality

5. Bonus Structure: Details of the bonus arrangement, including calculation method, payment timing, and conditions for earning the bonus

6. Duration of Obligations: Time period for both confidentiality obligations and bonus arrangement

7. Permitted Disclosures: Circumstances under which confidential information may be disclosed

8. Return of Confidential Information: Requirements for returning or destroying confidential information upon termination or request

9. Breach and Remedies: Consequences of breaching confidentiality obligations and available remedies

10. General Provisions: Standard contract clauses including governing law, entire agreement, and amendments

Optional Sections

1. Non-Competition: Additional restrictions on competitive activities, used when there's specific concern about competition

2. Intellectual Property: Specific provisions regarding IP rights, used when confidential information includes IP

3. Third Party Rights: Provisions regarding confidential information belonging to third parties, used when handling external confidential information

4. Bonus Clawback: Provisions for recovering bonus payments in specific circumstances, used for high-value or sensitive positions

5. Survival Clause: Specific provisions that continue after agreement termination, used in high-risk situations

Suggested Schedules

1. Schedule 1 - Specified Confidential Information: Detailed list or categories of confidential information covered by the agreement

2. Schedule 2 - Bonus Calculation Method: Detailed formula and metrics used for calculating the bonus

3. Schedule 3 - Related Entities: List of related companies or entities whose confidential information is also protected

4. Appendix A - Acknowledgment Form: Form for employee to acknowledge receipt and understanding of confidential information

5. Appendix B - Return/Destruction Certificate: Template certificate for confirming return or destruction of confidential information

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓƵ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions





































Clauses






























Relevant Industries

Financial Services

Technology

Healthcare

Professional Services

Research and Development

Manufacturing

Telecommunications

Biotechnology

Defense

Energy

Mining

Legal Services

Consulting

Relevant Teams

Human Resources

Legal

Finance

Executive Leadership

Research and Development

Information Technology

Sales

Business Development

Operations

Product Development

Strategy

Investment

Compliance

Relevant Roles

Chief Executive Officer

Chief Financial Officer

Senior Manager

Department Head

Research Scientist

Software Developer

Financial Analyst

Legal Counsel

Sales Director

Product Manager

Business Development Manager

HR Director

Operations Manager

Investment Banker

Management Consultant

Technical Lead

Project Manager

Industries





Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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