Everton head coach Sean Dyche will scoop a survival bonus upwards of £3.5million if he leads the club to Premier League safety.
Dyche was confirmed as new Toffees manager at the start of last week, agreeing a two-and-a-half year deal worth close to £5million a season.
And Sportsmail understands Everton have also approved a lucrative bonus structure as part of the deal that saw the 51-year-old replace Frank Lampard.
If Dyche can preserve the club’s top-flight status, Merseyside sources have indicated the former Burnley boss will net a minimum £3.5million payment as part of the bonus agreement.
That amount could even increase depending on how the team perform and where they place in the final league table.
Should the recently-appointed boss guide Everton to safety, the bonus will prove value for money with Premier League status worth as much as £200million-a-season to clubs.
Dyche has made a brilliant start to his reign, leading Everton to a euphoric 1-0 win over league leaders Arsenal on Saturday.
However, the team remain in the relegation zone, though they are level on points with 17th placed Leeds - who have played a game less.
Everton face local rivals Liverpool on Monday before a huge relegation six-pointer against Leeds on February 18.
The Toffees solidified their interest in Dyche on Friday, January 27 after talks with first-choice candidate Marcelo Bielsa proved unsuccessful.
Bielsa held talks with Everton on Thursday, January 26 after flying in from Brazil, telling Toffees chiefs that he preferred to take charge of the club’s Under-21s before taking the senior reins ahead of next season.
When it became clear their move for Bielsa would not happen, they immediately turned their attentions to Dyche.
Wolves and Rangers had both previously shown an interest in Dyche earlier this season, but the Everton job proved to be hugely tempting for the former Watford defender.
Everton formally offered Dyche the job on the Friday, but the full deal - including contracts for the new backroom team - was not entirely in place until Sunday night.
