My position is being eliminated I am Exec Director of Human Resources. The company is giving me 5 weeks of severance which they give to everyone in the same case. My employer will resist in paying my yearly bonus even though I worked from 1/1/12 to 1/31/12. The verbiage in the bonus is that in order to cash out you must be employed after the 1st payroll after closing of the year - usually Feb 15th.
What are your thoughts?
1 Answer from Attorneys
The company sets the rules and policies for bonuses. If the are applying them across the board, you either qualify or not. People frequently lose a bonus when terminated before qualifying. Some companies choose lay off dates just for that reason. Somebody in HR should know that.