Results 1 to 5 of 5
  1. #1
    Join Date
    Feb 2008
    Posts
    2

    Default Is A Bonus Paid After Resignation

    2/29/2008

    I am too leaving my current employer. I was given an excellent rating for 2007 and because of this (as every other year) given a 6.5% bonus based on last year's performance to be paid the week of March 10th. My last day at my current employer is March 7th. My question is: Does my employer have the right to withhold this? I worked very hard in 2007 and apparently very good. I gave my manager a 2 week "verbal" notice and afraid of putting it in writing now because they (not my manager but HR) will keep my bonus. I live in Michigan.

  2. #2
    Join Date
    Jun 2006
    Location
    Massachusetts
    Posts
    24,521

    Default Re: Bonus Paid After Resignation?

    It depends entirely on the terms of their bonus agreement.

  3. #3
    Join Date
    Feb 2008
    Posts
    2

    Default Re: Bonus Paid After Resignation?

    There are no terms

  4. #4
    Join Date
    Apr 2007
    Location
    Il.(near StL,Mo.)
    Posts
    5,252

    Default Re: Is A Bonus Paid After Resignation

    Then apparently it will depend on company policy/practice.

  5. #5
    Join Date
    Jun 2006
    Location
    Massachusetts
    Posts
    24,521

    Default Re: Is A Bonus Paid After Resignation

    If you are looking for a law that will require your employer to pay out the bonus unconditionally, there isn't one.

    1. Sponsored Links
       

Similar Threads

  1. Resignation: Employer Not Paying Bonus After Resignation
    By rprosenjit in forum Employment and Labor
    Replies: 3
    Last Post: 11-08-2010, 08:52 PM
  2. Compensation and Overtime: Bonus Pay After Resignation Given
    By insameboatinaz in forum Employment and Labor
    Replies: 1
    Last Post: 05-12-2010, 09:32 PM
  3. Resignation: No Formal Resignation - Being Forced Out To Avoid Bonus
    By roverelf in forum Employment and Labor
    Replies: 3
    Last Post: 03-19-2008, 09:06 AM
  4. Compensation and Overtime: Salary Withheld After Resignation To 'Cover' Relocation and Signing Bonus
    By johngalt in forum Employment and Labor
    Replies: 1
    Last Post: 12-14-2007, 06:32 AM
  5. Resignation: Payment of Bonus After Resignation
    By boberi in forum Employment and Labor
    Replies: 5
    Last Post: 10-08-2007, 10:41 PM
 
 
Sponsored Links

Legal Help, Information and Resources