Reduction in eligibility for bonus
I was hired by my employer in April of this year (at will). During the interview process the bonus was pitched to me as something that would make up for the difference in my base pay. My offer letter stated my eligibility for X percentage of bonus and I have been paid at that level. NOW they are saying that they made an error and I am only eligible for (X-Y) percentage of bonus starting in 2005. Y is pretty substantial. Do I have a recourse? I would not have taken up this job if I knew that I was only eligible for bonus of (X-Y) percentage.
2 answers | asked Dec 15, 2004 1:56 PM [EST] | applies to Texas
Answers (2)
Maybe
The offer letter MAY be an enforceable contract, depending on how it was written. You'll need to have an attorney look at it to see if you have any recourse. However, even if the company is obligated to pay you X bonus this year, they can probably change to X-Y for next time. I'd be happy to take a look at it for you if you'd like.
posted by Pamela Parker | Dec 16, 2004 09:10 AM [EST]
The offer letter MAY be an enforceable contract, depending on how it was written. You'll need to have an attorney look at it to see if you have any recourse. However, even if the company is obligated to pay you X bonus this year, they can probably change to X-Y for next time. I'd be happy to take a look at it for you if you'd like.
posted by Pamela Parker | Dec 16, 2004 09:10 AM [EST]
breach of K
you may have a breach of contract claim. I would contact a Dallas attorney. One good place to look is at www.nela.org
posted by Trey Henderson | Dec 15, 2004 2:55 PM [EST]
you may have a breach of contract claim. I would contact a Dallas attorney. One good place to look is at www.nela.org
posted by Trey Henderson | Dec 15, 2004 2:55 PM [EST]
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