Hello. If an offer letter says you are entitled to a year end bonus (to be paid in January) as long as you are employed and in good standing through December 15, 2007, is the firm obligated to give it to the employee if the employee quits on Dec 16?
2007-11-29 11:11:55 · 4 answers · asked by cali682003 1 in Business & Finance ➔ Careers & Employment ➔ Law & Legal
If the contract is limited to just what you have written, then the employer would be obligated to pay the bonus. HOWEVER, in real life contracts are never that simple and there are always other terms. Those other terms may come from your employee handbook.
There is also the issue of "What exactly is 'good standing'?" "Good Standing" is not a term that has a set legal definition. Since this is an employment contract that term is defined by the employer. So, for example, an employer could say that 'good standing' means the employee has completed one full year of service and is off probation. Or that 'good standing' means a minimum of 18 months of continuous service without a complaint. Or 'good standing' means that the employee has met all of his/her sales numbers as directed by the supervisor.
So, what happens if the employee quits and does not get the bonus? Only recourse would be to file a complaint with the Department of Labor www.dol.gov The DOL would investigate it and make a decision.
2007-11-30 03:31:39 · answer #1 · answered by CatLaw 6 · 0⤊ 0⤋
I'm not a lawyer however if you have a letter stating this i think you have a real good case, how ever a lawyer probably going to take a good portion of any settlement, and your most likely going to have to sue to get it . see if you can get a lawyer to wright them a letter , hell anyway you do it your going to have to talk to a lawyer. some lawyers have free initial consultations, asking what their % of win to loss is will give you a good idea how good they are.
2007-12-01 04:29:45 · answer #2 · answered by benthr 3 · 0⤊ 0⤋
Yes I think this is possible... and if u u want to know more about firm obligation, then see www.lawcrossing.com... it will give u..all detils the happen in legal firm...
2007-11-29 16:30:45 · answer #3 · answered by Alexsandra B 1 · 0⤊ 0⤋
Sounds like it, unless company policy has changed overall in the meantime.
2007-11-29 13:53:31 · answer #4 · answered by Judy 7 · 0⤊ 0⤋