Uber's latest S-1 filing reveals the company will give some drivers as much as $40,000 in a one-time cash "appreciation award."
The company's initial paperwork showed that it had planned to give drivers payments based on how many trips they've made since joining Uber. But Uber added two new payment tiers in the new filing.
Payments will be based on how many trips drivers have made since they started driving for Uber:
- $100 for 2,500 trips
- $500 for 5,000 trips
- $1,000 for 10,000 trips
- $10,000 for 20,000 trips
- $20,000 for 30,000 trips
- $40,000 for 40,000 trips
Additionally, to be eligible for the bonuses drivers must have completed at least one trip this year and be in good standing with the company.
Drivers eligible for the appreciation awards will also have the option to buy shares ahead of the IPO.
Lyft also rewarded some top drivers with cash bonuses of $1,000 or $10,000, depending on certain trip thresholds. Drivers had the option to use the money to buy shares in that company as well.