/ Dictionary / Index I incentive pay: Meaning and Definition of Find definitions for: incen'tive pay" Pronunciation: [key] additional pay, a higher wage, or a bonus paid to promote the productivity of an employee. Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease. incentive incentivize Related Content Daily Word Quiz: sequester Analogy of the Day: Today’s Analogy Spelling Bee: Today’s Spelling Bee Frequently Misspelled Words Frequently Mispronounced Words Easily Confused Words Writing & Language