I need advice on pursuing my case for retention bonus with my previous employer on legal terms.
My annual compensation had a component for retention bonus which is paid on successful completion of one year. I resigned after 9 months of employment and served 3 months of notice period and thus completed exactly 1 year and 7 days in the company.
Now, during Full & Final settlement, the employer is refusing to pay the retention bonus component of Rs. XXX.
I requested multiple times but the employer is not ready to budge. So, I need legal advice to pursue the matter. Following are more details:
Date of joining: 20th Jan 2015
Date of resignation: 6th Nov 2015
Date of leaving: 29th Jan 2016
Terms mentioned in offer letter / appointment letter:
"Your total annual remuneration on Cost to Company basis will be Rs. XXX which includes Rs. XXX as Retention Bonus paid at successful completion of one year". 11th February 2016 From India, Panjim