Congratulations!

It is highly recommended if there is a bonus plan, to have the terms and payment details documented and for the highest level of compliance, signed by each participant. Company ABC should not define how bonuses will be paid at the time of payment as participants need to know how the plan is measure beforehand.

Check out our upcoming Learning Events and contact HR Services for assistance with HR related projects and compliance matters.

The above/attached information is not legal advice. It should not be considered a legal opinion as to which laws apply or as to how any law applies to a particular situation. Companies or individuals should seek advice of counsel with regards to their particular situation.