bonus

A consideration or premium paid in addition to what is strictly due. A gratuity to which the recipient has no right to make a demand. Walling v. Plymouth Mfg. Corporation, C.C.A.Ind., 139 F.2d 178, 182.

A premium or extra or irregular remuneration in consideration of offices performed or to encourage their performance. Willkie v. Commissioner of Internal Revenue, C.C.A.6, 127 F.2d 953, 956.

A premium paid to a grantor or vendor. An advance royalty. Sneed v. Commissioner of Internal Revenue, C.C.A.Tex., 119 F.2d 767, 770.

An extra consideration given for what is received, or something given in addition to what is ordinarily received by, or strictly due, the recipient. La Juett v. Coty Mach. Co., 153 Misc. 410, 275 N.Y.S. 822.

An addition to salary or wages normally paid for extraordinary work. An inducement to employees to procure efficient and faithful service. Duffy Bros. v. Bing & Bing, 217 App.Div. 10, 215 N.Y.S. 755, 758. Consideration or down payment for mineral lease or transfer of oil lands. State Nat. Bank of Corpus Christi v. Morgan, Tex.Civ.App., 123 S.W.2d 1036, 1038; In re Levy, 185 Okl. 477, 94 P.2d 537, 539.

Gift in recognition of officer's past successful direction of corporate affairs. Thomas v. Commissioner of Internal Revenue, C.C.A.La., 135 F.2d 378, 379.

Compensation paid to professional athlete in addition to salary for signing with particular team or for specific performance levels.

See also bonus stock

- premium.