Sentences with phrase «bonus upon employment»
The Court held that, despite being discretionary, the decision to deny or grant a bonus upon employment termination should be made in a fair and reasonable manner.
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For example, we will consider paying signing bonuses to compensate for amounts forfeited by an executive upon terminating prior employment, to assist with relocation expenses or to create additional incentive for an executive to join our company in a position where there is high market demand.
However, the remaining executives did not have employment contracts with WCHCC, and thus, there were no specific criteria or benchmarks established upon which bonuses could be based.
The Court emphasized that, despite being discretionary, the decision to deny or grant a bonus upon termination of employment should be done in a fair and reasonable manner.
Phil has in - depth knowledge of employment law statutes as well as the law related to bonus and stock option plans, non-solicitation and non-competition clauses, executive contracts and the impact on the employment relationship upon the sale of a business.
Damages payable upon termination of employment may include benefits during the reasonable notice period, including any bonuses and other incentives that would otherwise have fallen due during that period.
Notably, the plaintiff was not provided with a bonus or additional compensation or severance payments upon signing the new employment agreement.
... the only way to return the employer to its original position was to deprive the employee of his bonus from the date of the breach onward, on the basis that «had [the employer] been aware that [the employee] was secretly diverting the company's assets and resources from September 3, 2007, [the employer] would most assuredly have terminated [the employee]'s employment contract as it did immediately upon discovering [the employee]'s dishonest activities.
When determining as to whether the employee has a right to the bonus upon termination, the wording of the bonus policy or bonus provision in employment contracts must be analyzed carefully.