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Bonus - Quitting Iowa

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  • #1

    Bonus - Quitting Iowa

    I get a bonus every quarter depending upon proformance of my location. I am planning on quitting.

    We sign an agreement that i believe states we do not receive the bonus if we quit mid-quarter.

    My question is, if I finish this quarter am I entitled to my bonus if i finish the quarter and then quit? Does it depend on the papers that I signed with my bonus. IE: is it legal for an employer to hold the bonus from me if I complete that bonus period and then quit. I have heard others with the company state that the company intentionally does not issues bonus checks until 6 weeks after the quarter is over as a retention tool. Is this legal? Does it matter when the checks are issued?

    Thanks for the advice.
    Tags: None
  • #2
    It depends on the terms of the bonus agreement.
    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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    • #3
      You might also contact the state Dept. of Labor. In a very few states, earned bonuses are payable after termination by state law (Illinois and California are two of them).
      I don't respond to Private Messages unless the moderator specifically refers you to me for that purpose. Thank you.

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      • #4
        Gotcha. That seems pretty low to wait to pay the bonuses until 6 weeks after the bonus is earned.

        Also, what about Vacation. In Iowa does an employer have to pay out earned vacation when you quit?

        Thanks again.

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        • #5
          In Iowa, an employer only has to pay out unused vacation if it is required by company policy.
          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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