In a statement, the Premier League said: "The hearing specifically considered a bonus payment that Mr Adam believed he was due from the club and whether non-payment of the bonus amounted to a repudiatory breach of his contract.
"The Appeal Board found in favour of Mr Adam in relation to the bonus payment but deemed the non-payment was not a repudiatory breach of the player's contract."
The ruling, issued on Wednesday, could open the door for other players and staff to pursue similar bonus agreements.
Last week Holloway stated: "I don't want to get involved. Charlie said it was never about getting a free away from this club and the way he is playing is proving that.
"It was all another storm in a teacup, which happens at this level."
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