Methods and apparatus for token-sharing mechanisms for burst-mode operations are disclosed. A first and a second token bucket are respectively configured for admission control at a first and a second work target. A number of tokens to be transferred between the first bucket and the second bucket, as well as the direction of the transfer, are determined, for example based on messages exchanged between the work targets. The token transfer is initiated, and admission control decisions at the work targets are made based on the token population resulting from the transfer.