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Bonus payout and severance

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  • Bonus payout and severance

    I am being severed from my job and have a question re: bonus. Fyi, I live in Canada and am subject to Canadian labour law. As part of my compensation, I receive a bonus which is comprised on a personal performance component and a component based on company profitability. Our results this year indicate that the company will not hit its profit goal and therefore if I were an employee at the time of bonus payout, I would not get paid on this portion of my bonus. However, given that I am being severed, I have been told by several other people that the company is under an obligation to pay me my ENTIRE bonus.

    I fully expect to receive some portion of my personal bonus but the question has to do with the company profitability portion, which is the majority of the bonus..

    Thanks

  • #2
    This BB deals primarily with U.S. Law only. Rarely someone comes along who has some knowledge of Canadian law, but the majority of us do not.
    I don't respond to Private Messages unless the moderator specifically refers you to me for that purpose. Thank you.

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    • #3
      ...and Canadian labour law is very different than that of the US.
      The above answer, whatever it is, assumes that no legally binding and enforceable contract or CBA says otherwise. If it does, then the terms of the contract or CBA apply.

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