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extra amount in money, bonds, or goods over what is normally due. The term is applied especially to payments to employees either for production in excess of the normal (wage incentive) or as a share of surplus profits. The wage incentive was designed during the late 19th cent. not only to increase production but to reward the more skillful and more energetic workers. The hourly or weekly wage was to be figured as payment for a standard rate of work, and the workers who exceeded that standard were to receive a bonus. However, the system fell into disfavor with labor unions because rate cutting was often resorted to when bonuses became too high. Industrial engineers of the 1930s realized that definite standards of accomplishment and quality must be set to make wage incentives workable. Many firms have used an annual bonus plan for distributing abnormal profits to employees. The term is also applied to payments to former servicemen in addition to regular pensions and insurance. Veterans of World War I lobbied to obtain a bonus for their military service. In 1924 each veteran received an adjusted compensation certificate entitling him to a payment averaging $1,000 to be made in 1945. In 1932 about 15,000 unemployed veterans formed the "Bonus Expeditionary Force," or Bonus MarchersBonus Marchers,
in U.S. history, more than 20,000 veterans, most of them unemployed and in desperate financial straits, who, in the spring of 1932, spontaneously made their way to Washington, D.C.
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, and marched to Washington to demand immediate payment of the certificates. President Hoover ordered troops to oust them from federal property. In 1936 Congress passed a law permitting the veterans to exchange their certificates for cashable bonds. A number of states voted veterans' bonuses after World War II and the Korean War.


See W. W. Waters, B.E.F.: The Whole Story of the Bonus Army (1933, repr. 1969); V. D. Kennedy, Union Policy and Incentive Wage Methods (1945, repr. 1969); J. K. Louden, Wage Incentives (2d ed. 1959); R. Marriott, Incentive Payment Systems (3d rev. ed. 1968).


(petroleum engineering)
Payment by a lessee of an oil- or gas-production royalty to the landowner at a rate greater than the customary one-eighth of the value of the oil or gas withdrawn.
References in periodicals archive ?
There will be no prosperity in Africa as long as we lack energy," Boni Yayi said.
Sellal offre un dejeuner en l'honneur du president beninois Le Premier ministre, Abdelmalek Sellal, a offert, hier, a la residence d'Etat de Zeralda, un dejeuner en l'honneur du president du Benin, Thomas Boni Yayi.
Also, the two sides held discussions on the prospect of opening a Turkish embassy in Benin, Boni added.
Stealing Kelly, of Blackburn, was jailed for 28 months and Boni, of Longridge, both West Lothian, was locked up for two years.
The EBRD loan is aimed to support Boni Holding's drive to improve energy efficiency and to bring it into line with EU environmental standards.
Boni and Joanne Zack, Boni & Zack LLC, Counsel for Author Sub-Class, +1-610-822-0200, bookclaims@bonizack.
Foreign Minister, Taieb Fassi Fihri, received, here Friday, Flix Tissou Hessou, Beninese Interior Minister and special envoy from president Thomas Yayi Boni, who handed the FM a message from president Boni to king Mohammed VI.
Mr Boni examined the challenge of tackling global warming and other problems in the context of the dramatic growth of the Chinese and Indian economies.
An ethnic community living in the coastal forest near Kenya's border with Somalia, the Boni converted to Islam en masse around the middle of the 20th century.
Graziano de Boni, President and CEO, Valentino, and Linda Fairstein, the best-selling author and former Assistant District Attorney and Women of Action honoree, were Honorary Chairs.
It has formally approved a low interest Euro 15 million loan to boost production at the country's dominant pigmeat specialist Boni Holding, reforming the company's pig farms, building a new cutting/de-boning hall, and meat processing units.