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Depends on the firm.
Mine is annual. Must hit annual hours to qualify (1850 incl. 25 pro bono) then amount is determined based on a combination of hours worked total, class year, profitability (collections, costs written off), partner feedback, and some amorphous X factor that seems to be how much people like working with you/participation in firm events.
Origination is weird at my firm and i don't understand it enough to share that part. I know origination is factored into profitability, but haven't met associates willing to confirm they received an origination bonus/payment.
My firm gives out equal bonuses to all associates based on profitability that year, but my husband’s firm is a 5K bonus at 1750 hours with an additional 9K for every 50 hours after that, plus 10% of billables received for any clients he brings in.