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'incentive payment' is correct and usable in written English.
You would use this to refer to a payment that is received as an incentive for achieving a goal, such as a salesperson receiving a bonus for selling a certain number of products. For example, "The company offered an incentive payment if we achieved the sales target."
Exact(58)
Some shareholders criticised the incentive payment and his appointment.
It added: "Mr Carne will not take any potential annual incentive payment for 2013-14".
The opposition health spokeswoman, Catherine King, warned that scrapping the incentive payment would have a "direct impact on women's health".
Smith's pay was up 47% year on year, including a £141,000 bonus and £248,000 long term incentive payment.
Incentive payment [$/ha].
Figure 8 Expenditure until 2100 for different Incentive payment Strategies.
Covenants with an active management requirement may require a higher rate of incentive payment.
Third, the incentive payment mechanism intended to promote DR participation is elaborated.
The new incentive payment strategies have been implemented and have achieved savings for the Medicare program.
As a result, it reduced the other element of the bonus scheme, the annual incentive payment.
However, the hospital failed to meet the target, so did not receive an incentive payment.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com