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Incentive payment to terminated employees
Benefits & Compensation
Incentive payment to terminated employees
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We are redesigning our sales incentive plans, and a question has come up regarding whether we are required to issue a bonus to an employee no longer with the company? So I pose the question: if an emp
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Forums » Topic Forums » Benefits & Compensation » Incentive payment to terminated employees
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Incentive payment to terminated employees
posted at 12/21/2010 9:41 AM EST
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Posts: 2
First: 12/21/2010 Last: 12/22/2010 |
We are redesigning our sales incentive plans, and a question has come up regarding whether we are required to issue a bonus to an employee no longer with the company? So I pose the question: if an employee leaves the organization, are we required to pay out the incentive? We have always operated under the "must be present to win" concept, which was stated in the Plan documents, but want to be sure as we rewrite the Plan. Thank you! If it helps, we are a RI company with employees working in RI, MA and CT. |
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Incentive payment to terminated employees
posted at 12/21/2010 11:36 AM EST
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Posts: 562
First: 11/12/2009 Last: 9/14/2011 |
I think Connecticut might be the thorn in your side here. I believe that there was a ruling in Connecticut that so long as the performance requirements for a bonus were earned, the employee is entitled to receive a bonus regardless of whether or not they were still employed. |
Forums » Topic Forums » Benefits & Compensation » Incentive payment to terminated employees
