Bonus Entitlement
I worked for a company for over a year. The bonus for that year is distributed in March of the following year. I was released from the company in February. Am I still entitled to my share of the bonus pool of the prior year even though I am no longer employed by the company?
1 answer | asked Feb 14, 2007 1:39 PM [EST] | applies to Illinois
Answers (1)
Bonus Entitlement
It depends somewhat on your employment/bonus agreement with the employer, any relevant company policies, and the industry you are in. Generally, not being employed on the day a bonus is paid should not affect your right to receive it for work performed (and thus earned) during the prior year. Many employers play this game because many employees unfortunately don't push back, which means the employer gets to pocket the employee's entire bonus. Feel free to call me if you wish to discuss further. --Mike Merrick. www.merricklawfirm.com
posted by Michael J. Merrick | Mar 3, 2007 2:38 PM [EST]
It depends somewhat on your employment/bonus agreement with the employer, any relevant company policies, and the industry you are in. Generally, not being employed on the day a bonus is paid should not affect your right to receive it for work performed (and thus earned) during the prior year. Many employers play this game because many employees unfortunately don't push back, which means the employer gets to pocket the employee's entire bonus. Feel free to call me if you wish to discuss further. --Mike Merrick. www.merricklawfirm.com
posted by Michael J. Merrick | Mar 3, 2007 2:38 PM [EST]
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